I live in Melbourne but have bought, renovated and sold property in the affordable North Geelong area (postcode 3214).

These posts seem to ignore the signifcant on-costs: transfer (stamp) duty, registration, legal, insurance, holding costs, etc.
These on-costs preoccupy me as they are significant and add no value.

For example, in Victoria, on…[Read more]

I began looking in Norlane around 2000 and decided an unrenovated 2 bedder on 600 sqM land (ie the lower quartile) at $60k was too expensive.

I revisited in 2007 and prices were then around $115k and bought a few, renovated around $10k and rented $120 pw.  I should have bought in 2000!

I have since bought a few more and sold some in Norlane.…[Read more]