Hi Boko

I’m from Sydney so my Victorian knowledge is not my strong suit, however, in regards to the 3 or 4 bed T/Houses over a 2 bed, I think it would be wiser to go for size and quality of the 3/4 beds. They sell for more, rent for more and majority of buyers prefer a bit of space rather than a closed in feeling. You could certainly attract a…[Read more]

Hi Raftim,

Good question. There can be many answers to this. Have you spoken to your accountant or financial advisor? I personally consider paying someone else’s mortgage off to be somewhat “dead money”. This doesn’t mean that I’m right. If you were to buy one or two properties in a reasonable growth area, you’d be doing better than the cash rate…[Read more]

This is true……
thought i’d throw out some ideas on these forums. May aswell get amongst it. :)

I’ll call you this week about what we were talking about recently!

Thanks Richard

Thanks for your reply.
I completed my due diligence in regards to comparable sales and can easily stack the property to $630-$650k
You just can’t and haven’t been able to buy a top floor unit in this area for $600k for quite a while. (I buy dozens in this area every year)
It seems odd that the valuer booked a time with the selling agent to do an…[Read more]