mattmcc

mattmcc replied to the topic Investing in the ACT in the forum General Property 19 years, 7 months ago
We live in Sydney and have a house in Ainslie and a unit in Lyons. They have been good but it has been hard to go wrong in the last few years.
My brother-in-law has a house that almost trippled in value in a few years and has been cash flow positive from from the start.
I think those days are over. Returns are not very good anymore as prices…[Read more]
mattmcc replied to the topic COMMERCIAL PROP COUNTRY VIC. Advice? in the forum No Subject 19 years, 7 months ago
Hutch
I am no expert but have recently purchased a commercial property in a NSW town with a population of around 5000. Its a petrol station. There is one other petrol station in town, not so well located.
Price was $350,000, rent is $30,000 pa. We pay rates and land tax. Tenant has been there for 15 years and has a long lease. Its a little…[Read more]

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