All sounds pretty good to me.

Excellent site Amanda, ty.

Originally posted by Marisa:
Hi Munchwood

I also think it is initially a good idea to rent in Perth especially with the market cooling. In 12 months time you may find Perth better value.

Also, looking at purchasing around $300K-600K, not sure what u could purchase for $300K , as median is over $430K, maybe a 1 or 2 bedroom unit?? I think u…[Read more]

Damn, talk about dubious. Steves first book had tonnes of valuable information in it, and the second one was also somewhat helpful. Ill be purchasing this one too, but its hard to take property advice from someone who has just sold all of his real estate….

Or is the OP just pulling our leg?

I agree 100% Mortgage Hunter, although your comments do seem a little off topic.

I guess most of us here are aiming at positive cashflow rather than capital gains (as is the recurring theme in steves books – make money from day1). Any capital growth is just a bonus.

Local rents are definitely a good place to get an idea for how much your house…[Read more]

A very rough calculation i do in my head when looking at potential properties is that the weekly rental income needs to be around double the cost price (if you remove the thousands).

That is:
A property costing $400k needs to pull in $800 per week in rent.
A proprety costing $140k needs to pull in $280 per week in rent.

This is an approximation,…[Read more]