Same with other posters, I look around and if I want to post I will log in (if I remember my password!)

You could try Savvy Property People in Prospect Property Manager
Mary Rossi
08 8344 1115
[email protected]

I don’t have any property with them but I know Debbie Williams who is the Principal. She is an investor herself and that helps. I know they have some properties on their rental books for the TTG council area.

Was wondering that today too. If I put the money into my super will I pay less CGT on it that if it just goes into our account?

Just pick your street Jamie, there are parts of Davoren Park that I would invest in and parts I’d steer well clear of. The area is part of a govt initiative called Playford Alive and the aim is to rejuvenate the area and get rid of its reputation. I have been along streets however where you’d be hard pressed to find a sheet of glass in a front window! I almost bought a duplex in South Elizabeth for $130k each side, unfortunately I wasn’t fast enough You can certainly find duplexes (as in both sides – 2 titles and approx 1000sqm) for $300K still in this area.

I have 3 investment properties in Albury so that undoubtedly influences my opinion. One is cashflow positive, one cashflow neutral and one negatively geared. I have never had a problem finding a tenant, all were tenanted within 2 weeks of being advertised each time.

I would avoid much of West Albury and Glenroy. You really need to know the area as there are some fine areas of Lavington and some absolute hovels.

Albury is good in that it is close enough to Melbourne, Sydney and Canberra. It also has pretty much everything you need in the way of goods and services.

However, I wouldn’t buy another property there as I think there are so many better options. As far as rental return goes it is fairly low. I’d say on average around 6%. Also don’t look for growth in the short term here, I would say property prices in Albury have decreased slightly in the past 5 years and at the moment they have stagnated. A purchase in this region is, in my opinion, a buy and hold.

I have friends (let’s say A & A bought the house that B wanted and rented it to them and B bought the house that A wanted and rented it to them. This way they can claim the loss against their tax and any repairs are deductible. Of course the houses were of a similar price. They said it worked really well.

I have 2 IP with Bankwest and one is an offset interest only. I have found them to be quite reasonable to deal with. Access to funds is simple.

Elizabeth in SA has some good deals. I just missed out on a duplex yesterday. Both sides of the duplex all up 1150sqm of land across two titles in an area seeing some encroaching development. $270K renting out for $400 ($200 each side). I was in a meeting and submitted my offer at 10am and an offer had been made at 9am and accepted. Another will come along I am certain.

Hi Julie
I work in Wynn Vale and lived in Tea Tree Gully for many years so very familiar with the areas you are interested in. The area around Ridgehaven is close to the O’Bahn terminus so this means easy transport for people to go into the city. The O’Bahn buses then of course can continue on the road and go to the Golden Grove shopping centre terminal. It really is a good area for transport and also for education. Golden Grove/Wynn Vale has a lot of families and heaps of schools so if I was looking at this area I would be looking for a 3 bedroom plus study house. Prices are going to start at about $350k. The blocks are small with very little in the way of yards as Golden Grove/Wynn Vale was a planned development with parks pretty much every km or so!! The Golden Grove shopping precinct is also excellent with Big W, Coles, Foodland and many small shops too. And Ridgehaven, being right next door to TTP, is well serviced. Ridgehaven is an older area than Wynn Vale and has the start of some redevelopment happening. Gulf View Heights is a nice area, probably the nicest close to Edinburgh. I think I would look at parts of Modbury Heights before Ridgehaven myself. I think the properties are nicer in Modbury Heights than Ridgehaven. But there is plenty of choice in that area as suburbs like Surrey Downs, Redwood Park etc are worth a look too.

Cheers

Ruth