I partially agree with JacM’s comments as Geelong is certainly one of the regional centres to consider, however it should be noted that Geelong has already experienced significant price rises. You would need to ask yourself if you have missed the boat with this one? (median house price is already $476K and vacancy rates are 2.8%). Rental yields…[Read more]

Getting back to the original question. Melbourne metro has certainly slowed down and the rental yields are very low. Rents have not caught up with the explosive growth during the last 18 months.

Regional Victoria is doing quite well as you can find many properties with above 6% yield with solid capital growth. Areas such Ballarat are performing…[Read more]

Thanks for your prompt responses guys, they have been helpful.

I welcome others to comment also.

Hi Simmo,

I would also have to agree with the above comments, in that a LVR of 36.9% is far too low, especially in the accumulation phase of your investing activities.

I’m 26 and recently purchased my 4th property. My LVR is quite high at around 85%, however, that does’t concern me as I know I have the assets to back the loans up if something…[Read more]

My intentions are to pave the area and close of it via a fence. Maybe a small deck with a garden (nothing major).

Can you please explain what a “by-law” means and how I go about getting a by-law?

You should be able to find a 2 bedroom apartment in Seddon, Footscray, West Footscray for that price range. Being 5-7km from the CBD they represent good value for money.

Thanks for the responses everyone

Saka88 – I really appreciate your input as its equipped me with useful information. I will certainly keep you posted

Scott No Mates – Im not entirely sure what the terms of the lease will be as they were not indicated in the minutes. There’s very little information surrounding this issue..it wasn’t even…[Read more]

Thanks for your response.

Sophieh – I dont have an issue with the couple essentially having 20% of votes as thats the fair entitlement. My question relates to the implications of using proxies in a manner that is not in the best interest of OC.

Thanks for the information provided saka888. I am in Victoria. The major change was that one of the…[Read more]

Thanks for your responses guys. I should have clarified that I am not a first home buyer. I currently have to 2 properties and looking to buy another, however given the demand in the market at present I'm questioning whether this is the best time to buy..

Hi,I think you're crazy if you sold any of the mentioned properties, given their location and the fact that they are +cashflow and supporting themselves whilst putting a few dollars in your pocket.I find it challenging to comprehend that these properties are 90% geared and still +postive cashflow. How long have you had these properties for? Have…[Read more]

They look like dog boxes

MrKudh80,You're certainly correct in suggesting that the west has industrial segments. In saying that though it would be wise to check the inner west (5-7km from the CBD) as the nature and feel of that market is rather different to the middle and outer western areas which are more industrial and tend to be less developed as described by your…[Read more]

Have you looked in the inner west? With your mentioned budget you should be able to pick up a 2 bedroom apartment which would be closer to the city than Nobel Park. Closer proximity to the city generally means that demand for rentals will be higher..Just make sure you do your numbers. Good luck!Kris

The place has awesome views. Well done with the purchase!What was the purchase price?

Have you considered the inner west – Seddon, Yarraville?

Proximity to the city is great in these areas and so is the infrastructure which is continually developing.I agree that there are certain pockets which you should definitely keep away from (eg Francis St Yarraville). As mentioned, Yarraville/Seddon are quite gentrified and trendy suburbs and as such this is factored into the price. They definately…[Read more]

Units4me, you stated:"….For that reason, i think that prices will only grow to a certain level, once people reach that level, many head for other areas, limiting price growthDo you suggest that the above statement only applies to suburbs in the inner west? If you have looked at recent median prices you would have noticed that most of the suburbs…[Read more]

Hi Yellina,The inner west is substantially undervalued, especially Seddon, West Footscray and Footscray given the close proximity to the city. The area has good infrastructure in place and is continually improving, for example, the Footscray urban development plan (Footscray is a Principle Activity Cetre) and the state governments plans to extend…[Read more]

Well said superhoops!

Thanks Tracy.