Elwood is a great area to invest in and if you are talking about a long term perspective – you will achieve above average capital growth.But I'm not sure you could call the apartments underpriced.3 years ago we bought 2 bedroom unrenovated apartments for clients in good positions for $280,000 in Elwood.Last year we bought similar apartments for…[Read more]

Zoe Jones wrote:
Interesting to read all of the above. Would any of the experts like to suggest which areas of Sydney to watch? Are we talking about the eastern suburbs/north shore only or can we include the inner west, places like Ashfield/Summer Hill. What about the Sutherland Shire/St George area? Would appreciate any input on this.

We have…[Read more]

hleung wrote:
 My friend's unit was close to the Melbourne University, one of many which was suited for student use.  Yes, it was probably too small but appeared to be well located.You've reinforced my point that you generally shouldn't buy one bedroom apartments which are part of a large complex, unless they have got some special features such…[Read more]

hleung wrote:

MichaelYardney wrote:
SpudBoth Melbourne and Brisbane commenced the upturn phase of this new property cycle in mid 2006 – so there is still some way for them to go yet. Sure both cities have had tremendous capital growth in the last year, in fact too much for my liking at this early stage in the proeprty cycle, but there is s…[Read more]

SpudBoth Melbourne and Brisbane commenced the upturn phase of this new property cycle in mid 2006 – so there is still some way for them to go yet. Sure both cities have had tremendous capital growth in the last year, in fact too much for my liking at this early stage in the proeprty cycle, but there is still lots of upside in both cities. R…[Read more]

hleung wrote:
I'm also not a fan of 1 bedroom apartments especially if they are amongst 100s of others. I've got a friend who bought one 7 years ago and after owning it for 6 years sold it for about the same price as he paid for it.  Unless it is something different such as next to water I wouldn't go near them.Steve has acknowledged that it is…[Read more]

You say it needs a pergola – but does it really need one? You've survived without one.It's very unlikley you'll get $10,000 more for having a pergola so why bother?

Considering the large amount of money usually involved in commercial properties and the fact that you don't know what goes into a commercial lease, may I suggest you get a soicitor to draft the lease – even if you manage the property yourself.Commercial properties are valued very differently to residential proeperties and this takes into account…[Read more]

shane.barry28876 wrote:
I enjoy forums and seminarrs and expos, but can anyone help me with the tickets?

This is how you get your tickets:Go to http://www.propertyexpo.com.auClick on Melbourne and Press EnterClick on the middle red section that says Discount Tickets (don’t worry you will get more than the $5 off they are offering you – I’ll expla…[Read more]

vicgirl wrote:
Michael, you do have a point. I am still interested in other people's experiences with their local councils, especially in the inner suburbs or coastal areas. vicgirl

vicgirlWhat you are asking is important to know.There are some council's that are more anti development such as Boorandara and Bayside, that we know means a longer…[Read more]

ffc1883_1996 wrote:
Hi Michael,Your input is always valued. However, I'm interested on what basis you would suggest that property values are languishing in Maroondah and Knox. Seems to be contrary to recent statistical and anecdotal evidence.Sincere Regards – Ben

BenI did not mention any specific municipality, but I do know that many inner…[Read more]

Probably a more importnat question is …..in which municipalities are you likley to make a good development profit.Sure some councils are more difficult to deal with, but this usually means once you have a development approval your property is worth considerably more as you have added even more value by taking away the development risk.With…[Read more]

Parts of the Brisbane market are booming, but the stats won't reflect it yet – but our Brisbane office has noticed a huge surge in demand for owner occupiers and investors and good properties are selling within days of being put on the market and receiving multiple offer.Brisbane has definitely shown good long term growth -in fact its been the…[Read more]

The Melbourne Property Expo is coming up this weekend. If you are planning on going please get you free tickets through the post below rather than paying at the door.

Just wanted to remind QLD forum members that the Brisbane Proeprty Expo is on this weekend.You can get FREE tickets by usng the info provided below

nicola alison wrote:
Anyone know of a good agent in sunny Queensland?

Yes- my company Metropole Buyers Agency is Brisbane's largest buyers agency – we buy more proeprties than all the other Brisbane buyers agents combined, so George up there must be doing something right

chetnik73 wrote:
Did I ask a stupid question or has nobody had any sucess in getting a buyers agent to source them a cashflow positive property.if so, any websites addresses would be appreciated

No you didn't ask a "stupid" question – just one that won't be answered the way you want.Metropole Buyers Agency is Australia's biggest and busiest…[Read more]

I guess it depend on what you are looking for.These suburbs are mainly populated by first home owners and as you said they are in the cheaper price range.This means they are much more sensitive to the affordability issues we hear so much about. With the likelihood of another interest rate rise and with petrol prices unlikely to come down – these…[Read more]

AmandaBS wrote:
Hi Vluu,You'll find that Michael Yardney is a member of this forum so perhaps you'll hear from him?He's also written a book titled "How to grow a multi-million dollar property portfolio".  As Raddles said his theory is based around high capital growth property which is usually within a 10klm radius of a major CBD & then drawing…[Read more]

AAQ wrote:
Hello;Just about to take the leap into property investing and would be interesting in any info on this property trust deed as I have heard so many ways to set things up – company in trust , trust in company, wifes name only, family discretionary trust. We have what would be considered high risk business (PI insurers think so). So the…[Read more]