I agree with Frankston suggestion.I have bought multiple properties there and if you call frankston real estate agents, you will find out that its been the busiest time for them in years. (some will tell you its been the busiest ever)If you a do a search on realestate.com.au, properties sold in frankston (Under contract/ under offer) from the…[Read more]

Quite the contrary..!  Currently Frankston has the highest amount of properties being under contract/under offer than any suburb outside 12-15 kms radius from an identical property search criteria.I posted the following thread in another forum:  will paste it here and let you guys replicate the exercise and decide on its merits:A very simple e…[Read more]

Could not disagree with Michael more..!I have bought 5 properties in Frankston area and placing an offer on 6th in Seaford.Frankston Nth has some bad pockets however the price points are rising sharply across the suburb.I bought 7 & 9 Aleppo Crescent for $144k and $145k in Apr 06.Both sitting on approx 700sqm land with 3 bed dwelling and being…[Read more]

Can I ask a stupid question…? Would it be possible for anyone living and earning in Australia to own IP in NZ…? What do the banks say about that..? Would one need a NZ bank and if so how willing bank would be to offer loan to someone working in Australia… What would be an ideal modus-operandi of a successful approach
Would greatly…[Read more]

Alison,
I would like to attend Steve Nevra’s seminar…how do I go about it..??
Cheers,

??

Hi westan,
Could you please suggest any websites, agents in NZ who I cant talk to re investing in NZ. How difficult/easy it is to find tenants and what sort of capital growth you are expecting with yours..?
Will appreciate your feedback,

Thanks,

Jars,
I also have 2 prospectus’ from Cameron Bird on my desk…one for the same investment for aged care hostels in Toowoomba and other for a holiday apartement scheme in Cairns.
On the surface, they both look good with the exceptional returns of about 6% pa. The retirement village is not considered as serviced apartments ( even though they are…[Read more]

Rickie
I have an apartment in Melbourne CBD that I listed for rent at $340 pw, however realising that there are too many properties competing for tenants, I reduced the rent to $285 pw and it was snapped within a fortnight.
In my opinion, if you work out the numbers on leaving a property vacant for months or reducing the rent by up to 30%…the…[Read more]

Thanks Peter….
I guess most of the new investors like myself, who have started buying investment properties not so long ago find it quite hard to select areas that would deliver consistent growth…without investing over $300,000.
I have bought 2 apartments in inner melbourne over the last 12 months and looking for a third property, however to…[Read more]