Will Orange property give you positve cash flow ? If so, what’s the yield ? Can you afford to let it vacat for more than 4 weeks a year ? Do you need to visit your property once a year – it will cost about $200 for petrol and overnight Motel. If you add all this up, it problely willn’t give you any positive cash flow.
I think you should go to see your solicitor if the PM willn’t let you terminate the Agreement. I think the Agreement/Contract is void as your PM breached their duty of care at the first place. I am not a lawyer, but I studied Contract Law and Agency Law before, you also can find out more detail from any Commercial Law book, just to…[Read more]
I don’t know whether you have tried: http://www.property.com.au
After you click the detail of the property you select, there is always a icon “area stats” it tells you much more detail of the area in graphic.
I totally agree with you George, I also did my home work, I couldn’t find any +ve CF property not only in East Coastal NSW, but also WNSW such as Bathurst, Dubbo, Narrandera and so on. Property price in these areas are skyrocking. The agents are reluctant to give me a response.
George can you let us know which regionals did you…[Read more]
My name is Jason, live in Sydney. My situation may be bit different but we are all common in search for Fiancial Freedom. I just finished my dinner with wife alone at a Chinese Restaurant, it’s been long time since last. I am going to be a father of two next month. It will then be extramely busy, I will be the only bread winner.