Hi JayDee,Depends what you're after. I just bought a place in South St Mary's in November after months of looking, and am happy with my purchase.First lesson, just cause it's cheap, doesn't make it a bargain. I narrowed down and looked at dozens of houses in the area over the last few months yet the numbers did not stack up, the properties I did…[Read more]

Photos?Which suburb?What is standard for the area, does your place have it. Perhaps look at some open homes of a similar property type to see what stands out and how much it sells for.

Welcome !I just noticed replying to a post I have been on this forum for over a year now.I hope you find this forum as insightful and inspirational as I have over the year.SincerelyNHG

I bought a place in St Marys <2 months ago in that price range, newly renovated (bathroom kitchen).Penrith Council is fixing up the area, there are schools, shops, transport, uiversity, hospital, etc. within 2km radius.Off the top of my head the numbers were something like:6% return on 100% of loan amount (including stamp duty and all associated…[Read more]

Thanks Terry!

Thanks for your prompt response guys!

Richard I have PM my mobile number, would love to have a chat, perhaps there is something you could do.

Regards
NHG

I used them recently,Great service, however you pay for it.They present you with opportunties you won't be able to find yourself, however you need to cover your own due diligence otherwise you will not be happy with what you buy.I'd recommend them in the same way i'd recommend a real estate agent. They will provide you with properties to look at,…[Read more]

Hi Robbie,PM'd you his contact. I am putting together a team myself, so far Lawyer, Builder and Mortgage Broker who have literally worked 7 days to help me out on some last minute deals and more (property and other ventures) .I am still looking for an accountant that knows trusts and is an investor themselves. I was recommended one today, but am…[Read more]

Hi Robbie,I'm using an aquaintance now friend based in Wollongong but regularly spends time in Sydney.Have been exceptionally happy with his services so far. I used him for my first purchase and also to negotiate construction contracts on properties I am developing shortly.He owns about 3 properties in Sydney and is currently developing 5 for r…[Read more]

Hi Dom,Don't know if this will be of any value, I am in the process of building granny flats in Western Sydney on investment properties over the next year, the first to start in a couple of weeks. I trust the builder but am yet to see his work in person, i'll let you know in a months time if you haven't found anybody by then.The builder is a…[Read more]

My mate is just putting a deposit down on a solid well presented 4 bedroom house in Carlingford for just north of 600k. The owners were desperate to sell.I've also had the option of purchasing a 2700m2 block of land with an old 5bdr 2 story house in Thornleigh for 800k. Unfortunately I couldn't get the funds together quick enough.Keep an eye out,…[Read more]

Congrats!

Hey All,Hope you are well!In a somewhat related note.I recently had a conversation with my parents who are concerned purchasing more property will affect their pension. (Pension payments are greater than income of another rental property, and having more rental properties will allegedly reduce the pension they receive).As not investing in general…[Read more]

Hi Leo,

How is the search going? Any further updates in your search for an accountant?
I’m currently looking for a good accountant / financial advisor (property and/or shares).
Is there anybody you’ve come across who fits the bill?

My situation seems similarto yours, similar income and location. I’m also in the process of buying my first IP.
Any…[Read more]

So far:- Spent some time overseas- Moved cities- Started new professional roleLoving the change Am hoping to:- TRIPLE my savings- Buy an investment property- Learn mandarin- Help a mate expand his business- Learn a whole lot more about professional-networking- Learn to surf- Keep scuba-divingand keep being happy!Glad to hear you guys have some big plans!

Hi Clappy,I just graduated from university last year, and I hardly fit the poor uni student profile.From the second year into my 5 year uni degree my mates and I were earning almost the Australian average income and our marks were NOT anything more than a pass.I wish I was a bit more switched on then, I have good savings but it could have been tr…[Read more]

Hi All,Just an FYI,I was one of the guys coordinating the flood relief in Wagga Wagga.Flooding is dependant on where you live, the little towns around have flooded (i've written most of them off my possible places to invest list). However when I was in town people were still walking along the main street having a cafe breakfast almost completely…[Read more]

Hi All,I'm interested to learn more about the USA,I have been concentrating more in NSW thou so won't have much to offer to start.I'll be regularly in and out of Sydney between the 24-Dec to 02-Jan, then irregularly after that.Please let me know when you have something planned.

I'm kinda roaming at the moment, but am free after the 24th of Dec. I know it's a bit far (and into the hols) but would love to meet up and discuss all that is property.

Sure,i'll tidy it up a bit and post the spreadsheet.unfortunately fighting floods at the moment (in Wagga Wagga), will post once I rest up from shift work.