Have you filled your crack in yet?

270k for a block has become too expensive for majority of buyers. 

Foundation, shouldn't you also be considering the growth of the property also with your rent stats against interest?  Just say for example if my portfolio increased by $1 million in 4 years, cost me $60,000 of my own money to hold the property and we were heading for a BIG correction (40%-very unlikely) so my propery went down by $400,000…[Read more]

In 1994 I purchased my first property for $95k.  Prices were almost at their peak in Bris and I was lucky enough to purchase at the bargain price as the unit was very orange (orange walls, orange curtains, smoke-stained orange chandeliers, and a very bitter neighbour).  I painted it and the bank re-valued it in 1995 at $116K.  In 1999 when I tri…[Read more]

Are you an Economist Foundation?

http://promo.realestate.yahoo.com/most_undervalued_real_estate_markets.htmlI don't know if this info will be any good to anyone.

I noticed Margaret River WA does this also            which tends to keep property prices low.

I heard this a few     months    ago from a       friend of a friend that lives at Byron so  do your own  research.                                     (my space bar           just carced it)  About 6 – 12 months      ago               the council upped the rates massively todiscourage investors in Byron Bay.  Loads of investors offloaded the…[Read more]

Hi Barts78, yes I've had some interesting applicants… and a few of them that I wouldn't choose to live in my property have come from a property that has been managed by a Real Estate property manager.  It can be time consuming choosing a good tenant and I do sometimes wonder if someone with a porfolio of 100 tenants can find the time and effort…[Read more]

1. In addition to application I ask for 2 writtten references, 3 payslips, photo ID (this quickly gets rid of applicants that turn up at 8.00am smelling like they've just finished a beer.2. Always ring previous landlord3. Always ring their bosses and get a verbal reference to find out if they are reliable/good employeeIf I still have doubts…[Read more]

Hi Amy, I'm not a Perth Specialist but have invested for past 14yrs in Bris and Perth.  On my first property (Bris, 2 bed unit 5k's from city).  I went from having a 6.95% interest rate to a 10.5% interest rate 2 years later so I've previously experienced rising interest rates and a flat market.  Rents rose also though so I wasn't affected.  I sol…[Read more]

http://mansfielshs.eq.edu.au/wcmss/images/Documents/Other_Documents/Annual_Report.pdf

Take a look at Mansfield.  Not sure what it is like now, but achieved good results when I was at school.

If you're interested in purchasing in Perth invest in a suburb that will be rezoned soon.  You may need to do more research.

anni – what suburb

Thanks for info Simon, sounds like a winner!  Congratulations.  I have a few idea's happening, just gotta research more and get motivation to try something different, Linda

Simon, is your property vacant over xmas holidays?  Do you advertise the rooms at the uni and manage it yourself?  Do you furnish each room?  Thanks

I've been there, it took me 3 years to convince my hubby to invest.  (the property I was interested in doubled in that time).  If he had of gone along with me we would be $1,000,000 better off today.  He knows that now and trusts my decisions.  I would book him into property education courses with yourself, make him attend home opens with you, vis…[Read more]

The listings are lasting longer.  I think in another few months it will take off again.

Call the ATO and ask them.  As far as I know you can ammend for 5 years. You cannot deduct stamp duty.  I've never had mortgage ins. so no idea.