Kp,

Yes 15.5 hrs is certainly a couple of lunch boxes away; ah what the heck, grab the eskie!![laugh4]

Westan,

20,000km (big lunch box??? now that’s an understatement; even the eskie ain’t gonna cut that one)!!! [lmao]

Just for the record guys, I have nothing against cashflow positive properties, what I am against in the fool notion that…[Read more]

Originally posted by Ko_starr:
I’m interested in buying a house around 9 hours drive from where I live main reason is because i’m pretty sure it is pos cash flow and if not it’s very close to it and surely should turn sooner or later in the future.

What makes you so confident that it will “turn” pos cash flow??? Remember, it could go the other…[Read more]

Hi Peter,

I hope I don’t get into strife for saying so, especially on someone else’s site, but although I have never read ANY “investment” book (and have no interest in doing so) yours sounds like a MUST read!!!

After reading some of your comments both in here, but mostly in Somersoft, I have found you to be “good value” and I can only assume,…[Read more]

David,

Thanks for coming to the thread; I knew you could extend some valuable information/insight in replying to Elika’s (Helen’s) questions, as you are both in the industry and in the area she wishes to purchase. That is why I hunted you down in Somersoft!!! [lmao]

Elika/Helen,

Hope it helps, David knows his stuff; not that the others have…[Read more]

Hi Jes,

Welcome to the forum!!!

For the WA suburb snapshots, you can try http://www.reports.rpdata.com.au or alternatively go to http://www.domain.com.au and search under (appropriately named) “suburb snapshot”. Domain will also provide you with a section called “Auction Results” which will tell you the prices of properties sold at/or prior to Auction. As…[Read more]

I understand your point Westan, and yes it has no “concrete” bearing, however, immigrants (or otherwise) working/studying in these areas can help boost the area’s economy, even if it is only a miniscule amount (ie. increase rental demand).

I didn’t think it would cause such confusion; as I assumed most people actually read the contents of links…[Read more]

Originally posted by westan:
they list regional areas and low population areas of the metro areas.
I have edited my thread heading accordingly, but as you are aware, the length of same is limited and in trying to fit in as much as possible, it may have given the wrong impression!!!

It doesn’t list low growth regional areas as i think you were…[Read more]

FYI here is a couple of links which may be of interest:

http://www.tco.asn.au/oac/community_overview.cgi?oacID=16

Tassie in general:
http://www.domain.com.au/general/display.aspx?ID=HA5FACT_6&mode=tvfacts

Jo

Originally posted by Peter Spann:I am not prepared to sacrifice quality and growth for income as I believe in the long term growth will far outweigh any meagre income I receive from property.

[drummer] DITTO!!![drummer]

Yes I was Geo; but I quit!!! Thought I’d leave the tough job to those who can handle it better. Hey, maybe you could take my place; I’ll vote for you!!!!

YAY…GEO FOR MODERATOR….WHOO HOO…GO TEAM!!!

Jo [tongue]

Kay,

Your (anyone’s) “negative geared” property in the “not so cheap” area can become “positive geared” if you pump as much money as you can humanly muster (over time of course), as can a “positive geared” property turn into a negatively geared property if there is a mass exodus of the “cheaper” area (and/or other circumstances ie. major repairs…[Read more]

Maybe the fact that this is could be classed as “advertising”??? [blink]

Not sure it is permissable, but I am assuming that as admin/moderators have allowed it to remain, it must be okay.

Jo

Hi Trish,

IMO you are in an excellent position by owning your house “outright” that in itself is a huge achievement!!!

And to trade the negative geared property for 2 x cashflow properties (which can turn to neg gear in a heartbeat anyway) or in exchange for a “holiday rental” is IMO foolish; UNLESS it (your neg geared IP) is performing REALLY…[Read more]

Hi Wayne,

Storage space, as humans we tend to accumulate (hoard) lots of “things” so one can never have too many places in which to put them. Shelves, cupboards. You could make use of empty space by enclosing it and putting a door in front for some useful storage room. Extra shelving in laundries is ideal for placing detergents on etc, as are…[Read more]

Hello Start,

Footscray, Maidstone, Maribyrnong all about 8km of CBD, proximity good to transport and as with any area <15km of CBD, you can’t go wrong.

St Albans, still only 17km and Werribee a bit further out at 28km from CBD, however both have been undervalued for a long time, and IMO (as well as a few reports over the last 18 months) are long…[Read more]

Hi Toad,

Welcome to the jungle….err Forum!!! [lmao]

Congratulations on your sale!!!

One question still nags me … what happens if interest rates go up 2,3 4 or even 5%.

A smart investor should be able to weather such increases, and by ensuring that he/she does not over-extend themselves financially, such vast rises will be accounted for…[Read more]

I had no problem at all.

The former owners rented it off me for the first month while their new house was being completed. My PM was advertising it whilst they were still living in it, and conducted heaps inspections with fantastic feedback and several applications before finally deciding on one.

Jo

Hey Kaloni,

I’m not far off you in years (41) and I refer to myself as “semi retired” only because I still spend time working with people, when I could be lazing about doing nothing!!! No, just kidding, that would bore me silly!!!

4% is not unrealistic in the slightest, and can be achieved in many areas of Melbourne, but unfortunately I don’t…[Read more]

Hi Kaloni,

The problem with many of the more expensive areas, is that unfortunately, if you are looking for positive geared properties, you will be hard pressed to find them, if at all!!!!

I mean, you could spend 500K and buy a lovely beachside property but the rent may well only equate to say $300, okay $350 p/w which is about 3% gross, which…[Read more]

Absolutely!!!!