I have clients all over the place, one was even in Qatar! Most of the paperwork can be pushed around via email and meetings can be held on the phone or skype. It's the way things work these days!

This looks pretty straight forward, I often take deals like this to Suncorp!

Hey Geeta9,

I'm a mortgage broker and i've had several clients have a fair bit of success in Jordan Springs, a new development near Penrith. They are all cash flow positive. Here are their case studies if you are interested?

http://investmentproperty-howto.com.au/jordan-springs-case-studies/

Here is a market overview as well!

http://investmentproperty-howto.com.au/jordan-springs-market-overview/

I'm a broker and have dealt with good and bad property investment advisors. The warning signs are whether they are pushy or not! Most of them get paid commission for selling you a property, however the good and ethical advisors know that helping you make money through investment is the best way for them to have an ongoing relationship with you and help you get into multiple properties. This is the best way for them to build their own business. It's win-win.

It might sound illogical, but I would trust your gut on this one. If you find an advisor that just doesn't "feel" right, walk away. Some of these people have made my skin crawl, like a used car salesmen. There are plenty of them around. You need someone that is genuinely helping you. I have a contact that is outstanding at helping people get started in investment properties. Send me a private message if you are interested and I can give you his details.

Finance can be very difficult to get for a Display Home. Many lenders exclude them completely!

There are certainly pros and cons to buying houses and units. I had a guest blogger write and article about the cultural shift Australians have had from owning the quarter acre block to living in units. It might be helpful? http://investmentproperty-howto.com.au/cultural-shift-investment-property/

Hi,

Yes 100% are a thing of the past! the disappeared about 4 years ago when the GCF started to take its affect. There have been many changes as a result of the GCF. The Interest Only idea is indeed interesting

I am a broker and there is now a much higher onus to demonstrate to ASIC that the loan you are giving someone is in their benefit. If someone wants an interest only loan for their owner occupied home, you need a very good reason to put this to a lender. Decreasing the repayments is not a good reason.

In terms of eliminating Interest only loans for Investment Properties? This would reduce the ability of people to afford the investment in the first place, thus decreasing demand, since we have a housing shortage in places like Sydney, we need as much construction activity as we can get. I'm not sure this would fly!

Hi,

I am a mortgage broker and have had some clients invest in the Ipswich area west of Brisbane. They have seen some very poor results, one client purchased about 2 years ago for $370k and went to refinance last month and had the valuation come in at $290k. Ipswich isn't Toowoomba, however their proximity may be a caution for you?

I have one client who has purchased in Bathurst in the past three years, they bought in Kelso. Their property has stayed pretty much at a standstill for the past 3 years.

Unfortunately, i haven't done any business in Orange for well over 10 years, so I can't give any first hand experiences.

I have had some clients who have had some excellent results at Jordan Springs, near Penrith in Western Sydney. All five of them are cash-flow positive from day one. This is something I haven't seen in Sydney for a very long time. I wrote an article about it in my blog. Here's a link http://investmentproperty-howto.com.au/jordan-springs/ with some further links to some ABS research and case studies if that helps? The land prices are rising pretty quickly in Jordan Springs so I don't know how long the good news stories will last.

James