Hi @kristymckee12

As others have said when choosing locations finances are a pretty big first step to narrow the hunt. Someone like Jamie Moore (who posted above) would be a good choice he is very reputable, friendly and I have seen him get results.

If you are focussed on inner city apartments and can afford these, I can confirm Metropole do a…[Read more]

Hi @kristymckee12

As others have said when choosing locations finances are a pretty big first step to narrow the hunt.

If you are focussed on inner city apartments and can afford these, I can confirm Metropole do a good job and should offer a consistent service in Melb, Syd, Bris. I have a friend who has just used them in Syd and Bris and is…[Read more]

I also have never heard of them.

A quick look at their website leads me to remain cautious:

1 – they don’t say what they actually do
2 – they don’t disclose how they get paid
3 – they have quoted snippets of media with no dates or references
4 – the data in the articles is years old and out of touch

If I had to guess (and this is a guess) I…[Read more]

Agreed. Its never the basic premise of property development that is tricky, but the implementation.

Hi,

I would echo Corey’s sentiments capital growth and cash flow need to be combined to build wealth. I find old duplex pairs can fit this bill, but new ones often will be a slow road to any growth. Growth is possible but not a given in a place like Ipswich with so much land. It had better be in a special spot with lots of demand and amenity…[Read more]

Yes that will make a difference – you might be able to find someone who can do the whole lot rather than having to rent pieces individually and sort it yourself. Best of luck!

Ah yes. this is a problem because the banks and valuers dont want to give the impression that they are lazy or flexible with their valuations. They have to have a reason to revise the price down. When negotiating contracts after building inspection reports you could try to get a rebate on the same purchase price rather than a change to the…[Read more]

Hi, I noticed no replies yet…

1 I am not sure how many full time property stylists would reside in Traralgon
2 Perhaps standing out may or may not be a good thing? (sometimes its not)
3 why don’t you start by asking agents what is in most demand and selling quickest (style wise) and give them that.

I am all for stylists, particularly as the…[Read more]

Hi Benny,

As pointed out by moderator Benny there are other threads worth searching and reading. My path many years ago was to invest first, I believe this is a great option that few consider. The longer you stick around places like this the more you will learn.

Matt

Gday
Yes I can confirm this trend is occurring in NSW also and out from Sydney into better quality regional areas, Wollongong and the south coast.
Matt

Its painful to have negative equity but the real issue is what does the future hold for Gladstone. How much research have you done with regard to industry, jobs, vacancy rate, stock on market and other housing market trends etc. These things will help paint a picture of the likely future of Gladstone. Then you need to decide whether your…[Read more]

Dean do you fund all deposits with earned cash or do you ever refinance? If you plan on refinancing to generate more deposits then having 2-4 yrs of no growth will definitely put the breaks on the purchasing plan. You can have your cake and eat it too if you are willing to move the location of purchases around a bit to beat the ripple or invest…[Read more]

:) You are so suspicious Jamie! I am sure Sal will be back to explain…maybe

I will play along. As mentioned many BA’s target a small area particularly in inner ring areas of capital cities as they are unique markets, high price and the kind of clients who are happy to pay tend to frequent them. A few BA’s spread themselves around. It…[Read more]

To understand a couple of options re ownership, and investing vs developing check this out
http://www.bantacs.com.au/booklets/How_Not_To_Be_A_Developer_Booklet.pdf

I forgot this site. So cool.

https://www.givingwhatwecan.org/get-involved/how-rich-am-i

Rich is relative. Every single one of us on this forum is comparatively rich compared to the worlds poor.
http://en.wikipedia.org/wiki/International_inequality
http://www.gallup.com/poll/166211/worldwide-median-household-income-000.aspx
Rich and wealth are also terms with differing definitions.

To me being rich, or wealthy, are all encompassing…[Read more]

It is possible but as you identified the choice of area and property are key. Most renovators (houses) don’t have much profit in them. You need to target areas (within your budget) that have potential metrics and good property styles for good returns. If you can do that then the rest is logistics. Depends on how much time you want to invest and…[Read more]

great post by benny it is percentage of homes available to rent nothing to do with time. Try to stick to areas with a 2% max vacancy rate and you should be able to rent places fairly quickly.

If you want up to date vacancy rate searching by postcode go to SQM research website and choose free property…[Read more]

No. They are not the best for most investors 9 times out of 10.