The 2properties I have are in mitchell park. However, not in the contaminated area. Gets a bad name makes prices cheap… I purchased and in 10years no one will even remember there was a contamination scare. I understand where you are coming from with the southern suburbs and I do like renovations. Personally I look for areas where rental…[Read more]

Do you think Christies and hackham has good capital growth?

Currently my lvr is at 84% so I’m working on getting that down to under 80%. But should not take long as most of my wage is going into an offset.

Great links benny I’ve been reading through them!

The dark knights: it’s a good point that I could live in it if something goes wrong. Thanks everyone for your input gives me some ideas for smaller goals and hopefully one day I’ll have a lot more investments and work from their with equity. I do know the start is probably the hardest.

Honestly I would like to buy a property in atleast the next 12months. However I only earn 40k a year and that’s probably all I will earn in my job for the next 5 years which is why I need property to work the best for me that it can.

Thanks everyone for your input. I enjoy doing renos while I love there and then probably move again. It means I’m getting rent from all my properties rather than paying the mortgage on one and then paying the mortgage on the Reno. I don’t know anything about commercial property or subdividing so might keep researching these forums and look into…[Read more]