Hi Aafreen,

The reason I mentioned Frankston was because I recently purchased an IP there, and Yack is very versed with the area, having lived there. Frankson is not everyones ideal investment suburb, and certainly there are good and bad pockets within this city. North Frankston for instance is still very very cheap (but still a bit of a…[Read more]

Hi rachderick,

Differences can work to your advantage, they can save a marriage (but not necessarily your sanity!!!) When it comes to property investing, my husband is the conversative one, and I am the more passionate, or as he would call it “fanatical” player in the game of real estate. I am the one who spots, researches and enquires about…[Read more]

Hi and Welcome Peter,

I look forward to reading posts both to and from you, in what I think (this) will be a very interesting section!!!

Cheers,

Jo

Hey there rpdatareports.com.au

That’s great news (especially for us Victorians who were starting to feel left out)!!!

Many thanks, [thumbsupanim]

Jo

Please don’t misunderstand me Yack; I couldn’t agree more!!! My home may have tripled in value, but in comparison to properties in inner suburbs (I sold one in Nth Fitzroy for 925K) it just cannot compete, nor would I expect it to!!!

It would be like comparing apples and oranges!!

Besides, you know me Yack, if I had my way, I’d buy up all of…[Read more]

Hi Bennido,

I understand both Yack’s view and share yours; as I too live in a still reasonably “newish” estate. My home, as with many of those that surround it have skyrocketed in value, and this tends to happen more as the estate fills up.

But they (new housing estates) are not everyones cuppa tea; and that’s cool, especially if you don’t want…[Read more]

Hi Deanna,

The more I read these posts, the more I am convinced that you need to look deeper into this area; it sounds way too risky for my liking!!!

I personally wouldn’t throw good money on a whim; 50k can work better for you in an area which has more potential; of course you may need a bit for funds, but it doesn’t mean you risk losing it all…[Read more]

I have to agree, these areas are lovely!!!

I sold a place in North Fitzroy for 925K and although it may not have fetched this kind of figure in today’s market, Fitzroy (including Nth) still have high price tags attached to them due to the fact that they are inner CBD suburbs. I grew up in Fitzroy, and boy it has changed dramatically since I was…[Read more]

Originally posted by Aafreen:
you have not mentioned about Point Cook or Caroline Springs or Laverton. What is your opinion on these places ? I have seen some 3 bedroom houses (around 300K) in that area.

These areas are all worth further investigation, and I think that there are many entry level properties for first time investors or home buyers…[Read more]

Thanks Jars,

Your honesty is appreciated, as is your open-mindedness and understanding that I had no sinister motive in asking (what was IMHO) a very simple question.

I am pleased you took away vital information which will help you to work towards your goals.

I hope the same can be said for all who attended.

Cheers,

Jo

JetD,

Although I am no longer a moderator (my choice) at the time Steve announced his seminar, I was not one of them who was extended an invitation (as I understand in error). Nevertheless, I have no issue with this at all, and was merely enquiring as to how the day’s events unfolded.

Richmond,

No, you’re absolutely right $500 is not a lot of…[Read more]

I think there will be/is a lot of “off-loading” in the pipeline!!! [blush2]

I agree Westan; so far it sounds like it was a very pleasurable (albeit costly at $400ish) “tea party” get-together type do!!!

Surely, SOMEONE can share what value they took away from it other than the ability to put a face to a name on the screen!!!

Anyone?????? [blink]

Hector,

Apart from talking to experienced “student accomodation” property investors such as Simon (MortgageHunter) and Jars11 from this site, I would recommend you do a search under “student accommodation” as I am sure this topic has been covered before.

I also agree with Acey in that students are ‘seasonal” to some degree (no pun intended) and…[Read more]

Hi Aafreen,

This is right up my alley, as I too am a Melbourian!!!

Firstly, there are many areas worthy of consideration, and if you are going to be living in it for while first, may qualify you for the FHOG which can total a nice little 12K sum towards its purchase!!!

I could name at least half a dozen areas in Melbourne, including ones I have…[Read more]

Hi WAF,

Yes please do let me know; I personally would be interested to hear how you fare in this, and I think it would be good for all in here to know as well.

No offense to the RE, but he/she is an RE and unless they have legal knowledge, are just speculating.

Good luck,

Jo

Hi WAF,

I’m not a legal eagle hence this is mere guess work (so please bear with me)…..

I would ASSUME that if the law states that a certificate of completion is required before occupation is permitted (Certificate of Occupancy???) that you have enough grounds to delay settlement until this certificate is issued, and it is the builder’s…[Read more]

Thanks Deeana,

Your information changes things, try the link provided in my first post, as WA is accessible in the rpdata reports. Seems as though you have done some homework already; good to see.

Good luck on your investing!!

Cheers,

Jo

Hi Westan,

Guilty as charged!!! [lmao] You’re absolutely right; my situation does not (and cannot) compare to “smaller towns in Victoria” – definitely my mistake!! However, depending on where in VICTORIA Deeana is referring to, will make a significant difference in being able to make a judgement call on the feasibility of investing…[Read more]

Deanna,

As I said, 6000 people is a small population but depending on WHERE it is, it needn’t be an issue. I live in a suburb which has a population of just under this number and being 20km for Melbourne’s CBD (direct line) makes it a very worthwhile place to invest.

Kay Henry wrote:
On the kind of detail you’ve provided, I would risk 50k- it’s…[Read more]