Hey @sitemanager – in short I was about to send off same reply as Adnie Frangers gets way more publicity but I just did a quick review and house median is significantly lower in Werribee, 325k vs 399k gross yield higher also(4.64% vs 4.29%). Both have general potential long term I am a big believer in satellite towns off capital cities. Possibly…[Read more]

Interesting to look back at this thread now we have a new PM. Seriously hoping Turnbull can put a good show on, develop some new technology industry capacity in this nation and get a bit of direction going. We don’t need a new PM every year or so.

@Benny do you know why Kerry Anne and I have received thumbs down for making these recommendations? Either someone is unhappy with us for an unknown reason or someone doesn’t want Hotspace getting any business? Seems bizarre. I don’t know if the like system can be challenged or removed when used inappropriately?

Fill us in @Originalsinner what is the word on the street in Beenleigh?

Timing and Time in both matter to me. The property cycle and tracking the ripple effect from larger markets out to smaller ones makes timing buying decisions easier.

Adding value with renos and development is great for speeding things up if you don’t mind putting in the time to learn it.

Building a great team of specialists in their fields…[Read more]

Gday @nickstazzy welcome to the forum. Good to hear your honest thoughts on the market, and to be honest I meet lots of people in your situation. The people who wait for many years to see a major market fall are often disappointed. On the other hand I also know a few who purchased right at the end of the current (and previous) Sydney boom and…[Read more]

I have heard good things about Hotspace as well if you just want an action plan and be told what to renovate and how to make it look for maximum value add. Other renovation services will more commonly do all the project management along with design input but be much more expensive.

I have heard good things about Hostspace as well if you just want an action plan and be told what to renovate and how to make it look for maximum value add. Other renovation services will more commonly do all the project management along with design input but be much more expensive.

Welcome @geoffslingsby – good on you for being prepared to invest, and even consider interstate. I love counter cyclical investing, meaning its great to buy when no one else wants to as you have the option to get in cheaply. However in a falling market if you get in too early you will be punished, and the opportunity cost of capital losses…[Read more]

Ah ok, that changes things.

Fair enough reasoning. The question now becomes where do you want to live in 3 years time? Just make sure you balance the purchase with buying a sensible investment yield along with emotional desire for a lovely home. They don’t always line up together. Is it rural regional or coastal you are looking for?

Great spot for a corner block! But that is a big decision to leave to others!

To start with, you need to answer a few questions:
1 – What are your long term goals
2 – Subject to (1) what is your preferred timeframe for holding this property
3 – What does the market prefer in terms of both value and rental
4 – What does the zoning allow
5 – What…[Read more]

@barlow606 good on you for starting. Forums are great for free learning, stick around, you will learn lots. There also some really good books if you like reading.

A couple of my favs include

Rich Dad Poor Dad – Robert Kyosaki for general financial thinking as a starting point
More Wealth from Residential Property – Jan Somers – great all…[Read more]

What @Terryw said – if possible buy a place for yourself debt free, which avoids paying out rent and gives you some life stability after a big change, then set up 80% loan with offset (talk to the brokers) and set some aside as buffer, use the rest as deposits, get new investment loans on any properties you buy and it should all be tax deductible.…[Read more]

+ 1 for Jamie he is a good egg.

@jones4130 I posted in the other thread too and would agree with @Benny and @Qlds007 that the most important thing is to do independent research. This is probably way more important than the actual suburb you end up purchasing in. If you are doing your own research and are happy that the values and rent returns stack up, then you have nothing to…[Read more]

I hate to think how many times this happens @Terryw! Imagine if the forum distributed dividends for all good advice leading to savings made or costs avoided???

@cjaysa great kitchen and great install cost there, getting the install under 1k is much harder in our areas but if you can do that you will almost always get a great outcome. My cheapest install ever was 700 so you are winning!

Totally agreed everyone needs to set their goal and work backwards. FYI I don’t in any way peddle the area just noting to the OP that a major westfield might finally see some injection of life there after years of under delivering. There is a big risk people come on here to convince themselves of the plan they already made in their head, I…[Read more]

Hi @sitemanager to just answer your question for decent yields in VIC without too much risk I would consider Ballart, Bendigo, and Wodonga as viable options. Mildura possibly at least the vacancy rate is tight but I haven’t checked the economy there recently to know what the current vibe is.

This is some very good advice.

In terms of the area historically it has been a gonna gonna for a long time, but the Westfield might finally turn it into a real growth area. I like the corridor from Bris to GC as a whole, first invested there 13 yrs ago, but due dilligence and finding value is the key.

A very quick pass shows established…[Read more]