Hi Melanie – I have just read through the whole story – thanks for sharing – can't wait to find out how it ends – I'd love to do reno's a bit further down the track – right now with a 4 yr and a 1 yr old we are sticking to buy n'holds and potential subdivides.keep up the good work!!!Kath

I'm in Melbourne too – For my most recent purchase (3 br house in Churchill Oct 08) I paid $650 including GST for conveyancing. So I think $1000 is a bit steep – regards Kath

Reno Queen – thanks for posting your progress – very interesting to see  – I hope to do a reno some day  – I have my eye on a 4 Br house which needs massive csometic stuff but I suspect nothing structural and it would be +CF once it was done but I have failed to convince my husband to go with it. He thinks anything we can't rent out immediately i…[Read more]

IMO people want to see a trend of drops before they really start to believe it enough to go out and buy a home / houses – the next 12 mths are a great time to go shopping for property – in 2013 you'll look back and say "good job I went shopping"!!!

HI – Australian Property Magazine have just started publishing vacancy rate tables in the last two moths I think) – so you can compare vacancy 12 mths ago to vacancy now.

Last night I attended a Property Investment group in Blackburn Melbourne (the one run by Troy and Bec who I think feature in one of Steve's books) where one of the regular presenters illustrated the 3 main cycles of all economies – property / business / cash.eg: property grows in value because debt is cheap so we all jump in, it increases in value…[Read more]