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  • Profile photo of mendermender
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    @mender
    Join Date: 2003
    Post Count: 4
    November 16, 2003 - 1:39 am

    Thanks a lot for all your advise and opinions guys, it cenrtainly bring about some confidence at difficult times.

    Profile photo of mendermender
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    @mender
    Join Date: 2003
    Post Count: 4
    November 14, 2003 - 4:57 am

    quote:

    Personal opinion only but there seems to be a glut of units in Melbourne and developments being cancelled. I think the unit market will be hardest hit by further rate rises or falls in property value as they don’t have the most valuable piece – the land.

    Thanks very much for your opinion Polar Bear, seems to be heading that way with the vacancy rate now around 4%, and more multi-unit deveopments nearing completion.

    mender

    Profile photo of mendermender
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    @mender
    Join Date: 2003
    Post Count: 4
    November 14, 2003 - 4:50 am

    Dear Namaste,

    It is great to find a couple of properties that both passes the 11 ss. The two shops with warehouse may be worth considering because of the possibility of bringing you a higher CoCR. Outgoing expenses like rates and water are paid for by the tenants. Compare the sums on both properties.

    Refer to Steve’s book 0 to 130 Properties in 3.5 years, page 86, on a similar experience. This probably answers your question best.

    God bless,

    mender

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