As mentioned by my colleagues above. There are a lot of things to consider on the finance side alone in buying an investment property.

On a very basic explanation, lenders take in all your income (PAYG incomes, rental incomes, other acceptable income etc) less all your debts (mortgage, personal loan, car loan, credit card limits, hecs etc) to…[Read more]

This is interesting. I have just replied to another forum member from Hobart. Looks like the our friends from Tassie are getting active again. Maybe you can start one Deanne? This could be a start of a regular meeting in Tassie.

Cheers,
Jerry

HI Sam,

All the certifications, diploma and trainings are important but finding a good mentor is where you really need to put all your effort in. They are invaluable in the long term as they will share with you their industry knowledge and that is what will make you a good broker. Not all the textbook reading can equal the teachings of a good…[Read more]

Hey Sares,

I would start by saying I know no one in Hobart with the professions you are after. In saying that though, do you really require a face to face meeting with accountants and brokers? It is more time efficient and more convenient for both parties to communicate over the phone, email or skype. There are heaps of property investment savvy…[Read more]

Hey Pat,

Just keep in mind that if you sell a property within 12 months, you will be liable for a full capital gains tax. so make sure you take that into consideration when you calculate for your net profit.
If you are planning to build up a property portfolio, consider keeping the property and doing equity releases instead.
Buy a run down…[Read more]

As Corey mentioned, we do meetup frequently here in Melbourne. One in the East and one in the West once a month.
Group of investors just catching up. Everyone is welcome so if you are in the area, please drop by. :)

Why not leverage off that property and do equity releases instead? This will make you utilize the gains from the last 5 years much better.

Hi @Rebecca-harrison

You would probably encounter the same problem they have highlighted above.
Lack of data to compare rental yield history and one of the things that I hate about it is the shortfall in valuation of the property once built. Mainly for the same reason, lack of comparable sales around the area given that it is a new…[Read more]

i normally use the filters integrated with the search engine. For example, i will first find out how much I can afford then determine how much I want to spend. add the price range filter and search by suburb. This is after doing the macro research and I have pinned the area I want to invest in.

Hi San,

I am an investor based in the Eastern suburbs of Melbourne. What exactly are you trying to achieve? A group research?

Excellent post as always Jamie.

haha that’s a good one Richard.

I don’t think I will be giving tenants Xmas gifts as well. I attend to any matter that requires fixing quite promptly so I think that is the best gift I could give a tenant. Be a good landlord.

Cheers,
Jerry

Give them a Calendar instead with the rent’s due date highlighted clearly for each month. :D :D :D :)

@Uhi-78 would you be able to share the details of your purchase?

just participate in the forums. there is also another one. (www.propertychat.com.au) and they post a lot of adhoc meetups organized by forums members. which area are you in?

Why is the vendor so attached or too concerned with the tenants? Related party perhaps?
How many percent did you increase the rent from existing amount?

Hi San,

Which area in Melbourne are you thinking of buying? Reason I ask is because BA’s specializes in particular areas. I would suggest contact a few BA in the area you are researching and see if you can connect better with one than the other. You need to really sit down with a BA and discuss your parameters like budget, goals, and other…[Read more]