Agents in the area I work in are generally charging 1.5-2% + GST, and another $1,460 into advertising. I know some other agents in the area charge up to $4,000 in advertising.Running ads in the Domain Leader magazine can be quite expensive, just a quarter page ad hits over $320 per week.

I understand that serviced apartments have no capital growth but all I'm aiming for at the time being is cash flow. I found 2 which return 11% each after all expenses and that is including strata (whooping $1,100 p/q!) and other fees/management.After some rough calculations I would be making around $4,000 extra cash p/a (with a 10% deposit,…[Read more]

You could go through the local tribunal instead of spending money on lawyers / court. I suggest you go into the office personally and confront them about it and also mention taking the matter to tribunal.Good luck,

Welcome,If you don't mind me asking, how well have you handled your money in the past/currently. If you can put away $250 each week religiously for 3 years that is $39,000 you'll have in the bank NOT counting in the interest you get on your money!Saving for a deposit is the hardest part. A lot of finance institutions and banks won't lend you (at a…[Read more]

@ FirstTimeInvestor,<moderator: delete advertising>I find OTP apartments to be very risky but some can be worthwhile, I unfortunately missed out on a great offer back in late 2010 with brand new 2 bedroom apartments in Kingsford being sold OTP for $460,000.. they are now being rented out for $520 per week and their resale is up by about…[Read more]