This is what we all want obviously. Can you specify what you would consider to be a good yield? And what your timeframe is for growth targets. There are lots of markets that all differ and the ripple effect from Sydney is moving out, but also the SEQ and other markets are all worth thinking about but you need to be sure you are getting a fair…[Read more]

Corey and Terry’s points are valid. If you can’t resell it then it hasn’t really gained value. The question then becomes: How sure are you that the property WILL be saleable at the increased price for you to realise the gain, and in what timeframe? If you can confidently answer that and it fits your goals, then go for it. If not, walk away.

Yes if streets are chosen carefully the area has some very nice pockets, and some big picture improvement as mentioned. I am just a bit wary of the prices these days the last 2yrs have really seen some growth so your yields are right down. You can do better elsewhere for yield and for more short term capital growth. If its long term and you…[Read more]

Its an area with long term potential, due for some growth just be aware it typically gets capital growth run a bit later in the brisbane and gold coast cycle. I used to have several in the B area. I still have family with a few around here and I tell them not to sell now as next 5 yrs should see some growth I reckon. You can track the median…[Read more]

Dave, sent you response to pm as well.

Some great points in your post.

1 – Yep it got me where I am. Property was cheap but with reno it doubled in a very short space of time in the last Brisbane cycle (03-04). The equity growth put me into two more properties within a year. FAR more powerful and speedy than saving in my case, but cant say that is typical, hence my caution with…[Read more]

Please be very careful buying your first investment as a new apartment! You cannot control the entry price or add any instant value – which are two of the best reasons to invest in property. Also given your post it would appear you are not a local or overly familiar with the GC market. I am NOT bagging out the gold coast or south east QLD…[Read more]

I have heard of cases where business owners financed as much as 90% of the sale of their business to the purchaser via vendor finance but these didn’t involve property assets. Its quite common to use business profits over a few yrs to pay out the balance of any vendor finance on a business purchase loan. They would need to get the business…[Read more]

Yep as per above its not normal or advisable but just an example of how I did it when I was particularly impatient.

The other ways include overtime, family loans/gifts, other 2nd job like night fill at the local supermarket, ask the boss for an advance (if they like you) lemonade stalls (or any other small cashflow business). The list goes on…[Read more]

Hi TJay,

First up congrats on getting prepared to take action! Many folk never even get to that stage.

Have you got a fixed idea of what you want to purchase? Or where? And more importantly what your long and short term goals are in property? These things will all impact upon what to buy for that first property. The best way to to start with…[Read more]

itsandrew can you pm me how to paste the image into the post? As you can see from my first post I mangled it! Thanks mate.

Thanks Chris for the encouraging words!

“Illawarra” is listed as a separate area to “Southern Highlands and Shoalhaven” it is sitting at number 12 just above half way up.
Illawarra employment appears to have firmed up in recent years if my memory of older data serves me correctly. Good sign for the local economy down my way…its been due for…[Read more]

This is the fundamental problem with marketing firms that flog new stock for developers, they are not working for you but the seller. Either learn how to recognise a good deal yourself or engage someone to help with that (who you are paying solely) and then you will avoid those gross overvaluations.

This is the fundamental problem with marketing firms that flog new stock for developers, they are not working for you but the seller. Either learn how to recognise a good deal yourself or engage someone to help with that (who you are paying solely) and then you will avoid those gross overvaluations.

This is the fundamental problem with marketing firms that flog new stock for developers, they are not working for you but the seller. Either learn how to recognise a good deal yourself or engage someone to help with that (who you are paying solely) and then you will avoid those gross overvaluations.

… and I would also agree with Corey that being helpful and getting to know brokers and accountants will be a great lead source. Combined with the above, you can grow.

Sherlock – sounds good and its an honest question and valid problem. In my business I see the good the bad and the ugly of how selling agents work, sounds like you want to be in the good category.

So….if I was in your shoes lookign to build a name and find investors. I would start with an online presence, a website building my brand as…[Read more]

http://www.abkj.com.au/contact-us.html on gold coast are excellent but not cheap. Ask for Vivien Foote (conveyancing manager) tell her Matt sent you (I get no commissions just like to create a happy lawyer, never know when I might need one!)

cheaper options that are fairly reliable in Beenleigh include…[Read more]

Great response from JacM. My hurdles with these usually arise with insurance. Can you insure as 2 dwellngs (let to 2 parties) without fire rating etc. You don’t want to be sued and found uninsured and negligent in case of say a fatal fire. Jacqui have you had any insurers consistently willing to cover these properties? I have found them patchy…[Read more]