thanks all

I will go to the council this week and have a chat. then see what the outcome is. I will do this all before going ahead with an offer

Jack

thanks

Im going to see a planning consultant to get some professional assistance before I go head first.

Jack

Im a former member of defence who has leased home to defence and had some exposure to what your talking about. Yes your absolutely correct…anything from 10 – 20% from my experience.

Jack

oh and by the way thee is an oversupply of units in the inner city Melb so be carefull if your after capital growth

regards

Jack

from my perspective….richmond, for better capital grown long term. Dandy/suns for the CP+ if you can find them. However keep in mind we are coming out of a 2 year bubble in realestate and with the interest rates going up you may find the capital grown smoothing off for a while.

all the best
Jack[]

you had me worried for a second Maggie. Have a cuppa, then you will be fine!

arf!

Yeah I thought that as well…however

if 30% of the available homes, lets say of 5000 homes, 1500 are rentals, and lets say 20 % of the population rented, (of 10000 people 2000 people are renting, or trying). Does this mean there is an under supply of rental properties and therefore a potential market to tap.

there may be a better way to derive…[Read more]

thanks Mel, I was aware of the abs site. Good info on population, rented and owned homes as a breakdown of the total number of houses in the area, but I couldnt see anything on how many people actually rent to give me an idea if the market is over or under supplied.

will keep searching

thanks
Jack

Interesting point Mal but I would expect the property values to adjust accordingly, this may be a delayed correction but with out doing the sums I would expect more properties would become vailable at a reduced price (ALL THE NEG GEARED INVESTERS GOING BUST).

Just a thought

Jack

quote:
If the 11 second rule always produces a return around 10.5%.…

[Read more]