Thank you Derek. Great reading. I agree – the next step is how to find these properties and where…

deislucky,From all my research I'm with you on your logic.Attended the 3 day Harry Dent seminar – and the opinion was expressed as the same.So not investing in RE  -brings the question around to what one does with the cash in the meantime..

Thank you gfreer and Scot!! I appreciate it!

Thanks again all for your valuable comments!

BTW, already have done suggestions made concerning expressing interets etc with RE agents but through several experiences we’ve had, the dealings have been negative and almost arrogant where they think they’re doing you a favour.. They’re not selling as much as they’s like. That’s a fact.

Thanks again!

I want to thank everyone for their feedback…it is food for thought. I am in a position, ready to buy and have been doing my research for some time now in different areas and regions.

One thing I have learned along this windy path is that I absolutely loathe real estate agents. They’re must think that we as purchasers, are fools.

Thank you Scott..

Hi Jay,

Have given up on the idea.

Thank you everyone for the great advice and feedback – well noted and appreciated.

Thanks Johann. Property may be overvalued by the real estate market but not by the banks! Apparently their valuations are conservative in today’s market.

Thank you Briceman. As it happens I grew up and went to school in Blacktown so I do have a good idea on what I was talking about.

On the other hand, you are right with high demand and high yields. I am always interested in information when it comes to investing so i’d be most happy to hear from you.

Regards

Thank you Jamie!

You say for the “first” year..no one has a crystal ball but I am also aware that I should be looking at loans that are appropriate for long term benefits/suitability. When banks such as ANZ give a promo for the first year, does it mean that something’s around the corner that we should be wary of??

Thank you Taylor for the advice.

I already have one investment property and yes, am keen for another…was not sure if $100K would be sufficient. I am investigating into what areas to invest in…I must say, I am not particularly keen on the western suburbs of Sydney due to the violence and shootings I am seeing on the news that happen almost…[Read more]

Thank you for your reply. Great to know that at the end of it all – I only go with one mortgage broker.

Ok..I am really appreciating the solid advice- many thanks once again.
If there is any other feeback that could be of use then I’d be most grateful.

Cheers,

QM

P.S: DCWWOOD,

How do you like living in Warriewood? Are you in the new development? Many yers ago, it was beautiful pastures… How does Warriewood compare to Mona Vale, Newport and Avalon?

Dear DCWWOOD,

Thank you for the information – it is a great help! Would you have any good pest/building inspectors you could recommend?

I agree about Dee Why but I also have these thoughts afetr travelling on the L90 Bu everyday and witnessing the following:

It is Unit City – units EVERYWHERE -thus making competition higher for renting
I hope…[Read more]

Could anyone also please recommend reputable Tradesmen (and cheap!) for pest, builing and Geo Tech reports for the area of Newport NSW. I have also been referred to a Mortgage Broker but am open to any other referrals as I’m needing to organise a pre-approval asap. I am very much aware of choosing a mortgage broker that does not earn commission…[Read more]

Also saw a report on the news a few weeks ago that MilitaryRd going from the Spit to Sydney is the worst road in NSW for traffic congestion. This is the way “out” by road for residents living at Manly, Harbord, Freshwater etc. I thought at least from Narrabeen and heading north to Newport, you have 3 options of roads – Wakehurst Pkwy, Mona Vale Rd…[Read more]

Thank you for your comments – they are a great help. I feel that Newport may be a better investment than Avalon as it is before the Bolgola “Bends” another 15 minutes of congested traffic! Would you agree? I also know that Avalon/Clareville is ridden with ticks.
Asuide from this, if houses are in the $900k price range, is there more gain to be…[Read more]

Thank you PPI. CAn you explain more about Stage 1and 2 of the LNG if you have time…thanks again!