If you look at suburbs like Elwood, East St kilda you are sruggling to get a good 2 bedroom apartment for under $300,000. Very hard to find houses unless you go to far outer suburbs.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

I do not know why chanel 7 keeps giving BS as much exposure as they do after all they have never been right when it comes to interest rates. Most economists believe that rates in the medium term will go down not up

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

The point that I make is that it is important to do your due diligence, do not take anyones word, make sure you are comfortable with what you are buying. It is your money and debt.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

When you are looking at commercial property you will find that blue chip property has a far hgher entry point than residential. The second point is that if you purchase a commercial property and it is returning 10% that means that if the rent was $25,000 per year then the vaulue would be $250,000. What is this building worth if you loose the tenant. Lets say you re-rent the building for $15,000 per year, does this now make trhe building only worth $150,000?. In residentional the value is based on land, not returns and that is why the banks will only lend 60-65% on commercial property. If you are interested in commercial look at an syndicate that may buy a shopping centre. The larger the purchase the higher the retuirn and generally less risk.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

Frankly the returns are line ball for something that will have no growth. Do not touch ot. Look to other markets like New Zealand. Properties like this are losing money once you incluse body corporate fees why would you consider it.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

It is my understanding thjat if you buy the investment property in that financial year then the fee should be deductaable. If you have a good property accountant then check with them or get them to check with the tax department

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education seminars

The Jenman system can work well in areas that mainly are outer suburbs with private sales. I do have a problem with the fact that they are so single minded about a number of things. They are anti Auction and in there material they claim if you have an open for inspection you will be robbed. This is of course utter nonseance. As for Auctions , from the vendors point of view some properties sell better under auctions than private sales. They do however tain there staff well and customer services is a high priority. Like investing there is no one way only.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

It depends on why your buying.
If it is for investment, personally I would not touch it. Firstly you will find that the capital growth will be poor and I bet the return will still only come in at about 4.5% if your luckly. For between?$250-$300 you can still purchase an apartment in St Kilda or even Elwood that will provide beter growth and a steadier return

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

There are a number of important points here. Firtly it is important to understand that a Real Estate agent works for there client the Vendor. Therefore if you ask a Real Estate Agent how much a property will sell for then they will try to get you to pay as much as possible. That is there job. It is a matter of understanding the rules. What I find more interesting is that financial advisors who work under ASIC guidelines in many cases recieve commissions from products they sell. You have to ask the question how unbiased are these people. If you are going to see a financial advisor you are better to pay them a fee for a plan and make sure that the products that they are recommending are not commissioned based. In terms of marketing companies even where these companies have licences, and many also have financial planning licences attached many of the sales people do not even have an agents representative licence. The rules are simple if you attend a seminar and the company is selling a product where they are recieving a commission they are not working for you. If you want to purchase an investment property use a buyers advocate that has experience like Michael Yardneys company or mine. Otherwise do you own research. Most people get ripped off because they take someone elses word. It is your money, be sure what you are doing with it.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Interesting point Western

I actually travel there frequently and I also have people on the ground. Dont you also buy property in the United States. I was not aware that you lived there.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars