Haven’t seen many updates to this thread recently.

I have a recent client deal that looks to be our strongest cash flow deal this year – purchase price negotiated at $650k, current rental (house plus legal/approved Granny Flat both tenanted) combined at $810pw for around 6.48% gross yield. That will drop to 6.4% or just under as a few repairs…[Read more]

True but “only” 70% lvr means you are still getting leverage that you wouldn’t otherwise get in a super fund investment. IE if you have 200k in any fund and buy shares you get 200k of shares. Even at 60% lvr with 40% deposit (which sounds like a lousy lvr in real estate) you get a $500k property with $200k deposit and $300k loan. This means you…[Read more]

True but “only” 70% lvr means you are still getting leverage that you wouldn’t otherwise get in a super fund investment. IE if you have 200k in any fund and buy shares you get 200k of shares. Even at 60% lvr with 40% deposit (which sounds like a lousy lvr in real estate) you get a $500k property with $200k deposit and $300k loan. This means you…[Read more]

Hi Traca,
If they are still receiving commissions from builder/developer they are still NOT acting in your interest. All of the original advice provided by myself and the other posters in 2016 should still apply. Commissions are higher than ever which can result in nasty high pressure tactics. See recent articles about some commissions on units.…[Read more]

From a quick look at their website it appears they are either developers marketing their own stock or they are marketers paid by developers selling new stock. You are right to be sceptical and if this is true they are not working for you they are working for the vendor. Proceed with caution.

I see people buying smsf property outright (or on very low LVRs) when they are nearing retirement quite commonly. For folk who like owning property as a pure assett class to generate rental returns for retirement income it works, as long as you target higher yielding properties. For example currently I am searching for a small block of units for…[Read more]

“is it worth giving up an amazing view as a result?”

Yes, yes it is. If you are going to be uncomfortable all year the view will lose its appeal fairly quickly. Resale will be more focussed on confort and NE aspect too in many cases. I agree with Benny that OTP is really risky right now, please be careful.

e) I look at it, but it is only one measure amongst many, and it is a lag indicator not a lead one. Past performance is no predictor of future performance. Sometimes the opposite in fact. Look at new trends, demographics and infrastructure then work out your lead indicators, then make an informed choice about where to buy.

I would ask to see a copy of the valuation.

Hi @red-feather I run a group buy access program to RP Data and Pricefinder which both offer listing history for properties. Email me if required.

Just bumping this old thread. I run groups with authorised nationwide access to Pricefinder and RP Data currently. Email or call me if required.

Just bumping this old thread. I run groups with authorised nationwide access to Pricefinder and RP Data currently. Email or call me if required.

Pricefinder and RP Data are the best tools for this job. You get current days on market and historical price changes which are invaluable for heavy negotiating. Yes there is a cost but 1 good deal can easily pay for the data 20-40 times over. I coordinate national group access for both (fully authorised – each user gets own login and no shared…[Read more]

Hi Simon – this sounds nice and lots of people love the idea of a cheap unit after a holiday when they live in an expensive capital city. The issue isn’t the cost. The issue is whether it is a good investment. Lots of small highrise units are low on land content, have high strata fees and below 50sqm can be very difficult to finance and may…[Read more]

Not many +cf options sub 400k unless you go a bit rougher and further out, even then its a struggle. What about house in Logan council for circa 300k plus reno or gf to get the returns up?

This is a super common problem Im sorry to hear it has hit you too. Many people think block size is all you need to consider but drainage wrecks half the development sites I look at. Charged systems are great if you can get council to approve them. A bit of fill, an onsite detention system (rainwater tank) on a slightly raised pad, or a combo…[Read more]

Hi Ajay,

There are a few properties fitting this description down south and up the coast too – its more about finding the right property so sometimes when a client of mine has a positive cash flow brief we will highlight 2 or 3 areas with some growth potential and then hunt for the right deal. Do you just want to cover your mortgage or do you…[Read more]

Best of luck Mani – also bear in mind location and growth potential plus current cash flow when investing from overseas. I often talk to expat clients plus the occasional foreign investor under FIRB rules it is a little more tricky to get a sense of the market accurately from away but despite a few extra hoops to jump through not impossible.