Hi Phlang,I would be wary of investing in any area which is predominantly a mono-economic region e.g. miningI believe you always need to consider a good exit strategy before entering into investment property and you limit your options in such an area.Tommygun has lived there so I'd respect his opinion.Much better to invest where there is a vast…[Read more]

Also a good idea to get a Quantity Surveyors Report to assist your accountant to prepare your tax returns once you have rented the apartment.  This is a onje off expense, is tax deductible and will greatly enhance your verifying depreciation costs.This should cost you around $400 to $600.Companies such as BMT, Depro etc will be able to assist.  

They may be fine, however here's something to consider:-They guarantee a percentage return based on sale price for a set period of years.  Have you ever wondered how they manage to continue with guaranteed payments to you during the guarantee period if this time also coincides with a decline in say tourism?  It is fair to assume that there is a d…[Read more]

No problem roy22.  If you want to chat further email me at ikr53@hotmail.com  I have experience in this field.

Hi roy22ALWAYS a dangerous practice to try to flip developer off the plan stock.  Developers always tend to "push the market" when they set the price and in the current market situation you may find yourself "stuck" with a property you can't flip.Suggest you look for good "used" property you can build some value into and then flip if this is your…