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 potential will be high. At mitchell park they have the new tafe opening. I’m still on the lookout for where the next thing will occur. But with the closure of holden factory soon I think I will steer clear of the northern areas at the moment. I do love some of the prices though eg. 149k for 2br unit. Rental of 230.

• This reply was modified 10 years, 3 months ago by  JohnnyP.

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.

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 that in the future. Both my units at the moment are paying for themselves including strata fees, council rates, water and emergency services levy and management fees so for now I believe I should hold onto them as the capital value will most likely only go up over time.

Thankyou