Yeah recently saw that one… Margaret mentioned there was too much land available/being released for prices to move upwards anytime in the foreseeable future.Looking at rural victoria now for properties #3&4. Very eager to get a start there… any suggestions on where else to look? Find info on new infrastructure developments etc.?

From wiki:http://en.wikipedia.org/wiki/Horsham,_VictoriaServices and attractionsTourism is not a major industry in the city, although it is near the Grampians National Park and the popular rock climbing destination Mount Arapiles. There is a tourist wool factory where it is possible to buy woollen products and view how top quality wool is grown in…[Read more]

Was recommended the following accountant in Sydney by a fellow investor. Sounds like the accountant has a sizable property portfolio herself.

Keshab Pty LTD
Munzurul A Khan
(02) 9633 5511

Anybody else here use them?

Hey,Hmm, other than property :pTravelling abroad, and within Australia. Have 3 overseas trips this year (a habit i'm attempting to curb), have been to over 20 countries in the last 4 years, long way to go before I hit 60 tho. Would love to do 6 months to a year in south america….and scuba diving, tho the dives are few and far between, it's just…[Read more]

– I should add, they were very friendly, and I would most certainly use them again… IF a property came up at the right price. Just another source for finding property.

I have dealt with them,They are useful in giving you the boost into the market, tho everything must be taken with a grain of salt.Also bought a place with granny flat potential, tho at a cost of 30k more than they stated in fees due to issues with the land. Fortunately I found a granny flat at half their stated price which helped keep it all…[Read more]

Hi, and welcome!There's a number of individuals on this forum with properties in Sydneys West who may be able to provide some useful advice First question, is this purely and investment? What are your goals/aims?My own personal experience has been the high cost of construction and current land values in the area make construction a poor…[Read more]

Chat to Richard Taylor (Qlds007). He is qld based tho not 100% sure where. He has a wealth of knowledge as can be seen from his posts on this site.

Hi

Luke: Yes, I am building another granny flat and it is only being valued at about $1000/m2 well below the cost of construction. (found a much cheaper option, tho just funding it on my own now). I believe worst case scenario would have the property value being $30k under cost to complete option 3 and 4.

Ian: Option 2 does seem to be the way to…[Read more]

Hmm…

Sounds long and painful :p

Thanks for the advice everyone, lots of useful information. Never thought of rats and mice, this will be fun haha.

Is that 20% profit AFTER interest is paid?

Oh… just realised you self managed. They would likely not be using rental agencies.

Might be a dumb question…Did you have tenant insurance? Would cover an extra 8 weeks rent (12 weeks including bond).Perhaps the rental agency can check if he is renting elsewhere? (I heard they have a register to check records? – probably not)

Just settled on a place this Sat.

6.5% returns before building Granny Flat. If you subtract the 20% deposit I used then am already over 10% return.
Will work harder to find a true cash-flow property before end of the year

So much to learn, so much opportunity out there!

From memory, I paid not much under $2000 for a 3 door mirrored built in a year or two ago all inclusive.

Catalyst wrote:
Hi I tried to reply to your private message but your settings won't allow me to send you a PM. Please change them and I'll reply next time I get Internet.

Hey Catalyst,You have someone in mind?Would you be able to PM me too, i'm looking for one myself.RegardsNHG

ozlat wrote:
NHG – so continuing from my comment above… if i start by putting 20% of my weekly income into my etrade account and then invest $1,000 at a time… that would be a good place to start? i did have some success and failures with small cap stocks… would you recommend that since I literally have nothing to lose and everything to…[Read more]

Forrestville in Sydney,NSW. Near Frenchs Forrest.Drove past a few times, there's one area which has houses on a hill (backs onto Healey Way?), really bushy and a river runs right in front, close to city, Chatswood shops, etc. Stunning views.Just google mapped it, take a look from the bridge there, beautiful park underneath.

Bought a place with Property Secrets, although I'm pleased with purchase, I do feel I came out having paid to much without much support in bargaining.Was told I could just place a granny flat, I felt theirs was quite excessively priced, and undertook my own. Now that i'm in the process of building one, am having problems with council, tho it WI…[Read more]

Hi Richard,Purely out of curiousity:1. do they check credit rating for low-doc loans;2. if so, what is the benefit of a low-doc loan? for those who don't have initial deposit?RegardsNHG