Thank you everyone for the valuable information!!The vendor of the property wasn't willing to settle for the price I was offering so I am playing the waiting game now… plus I have also added another couple to my list that have blocks 600-700sqms.Thank you DWolf they are all very good questions I am going to contact the agents and ask them these…[Read more]

Well I went on land.vic.gov and found out the zones for both it and the one across the road that has been developed on and they are both Residential Zone 1.Also my idea was to tear down the existing house and build 2 3bdr town houses side by side, so they would be at the front of the block not one at the rear and one at the front.Viseli when you…[Read more]

Well the property is under the greater dandenong council. I assumed that subdivision would be possible as the house across the road had been subdivided and has had 2 double story town houses put on it. I was going to call and confim this just haven't had the chance.

Great thanks you so much everyone for the awesome information!! I'm very glad I found this forum!! fredo_4305 – do you know of any free seminars that I can go to in Melbourne?? or any links to people who hold them??Yes JacM thats the one thing that is getting me the most… all over this website and everywhere else I read everyone always says…[Read more]

I have done some more reading and have another question I'm hoping someone can help me with… sorry Positive or negative gearing…I know that each situation would be different for each person but can you do both, for example buy a positively geared house and use the extra income to buy something that is negatively geared so that you break…[Read more]

Thank you very much for the advice ppl!! That was all really helpful.I'm pretty comfortable with a high risk so probably going to keep looking in the west but I have now been keeping my eyes out in for stuff in the south east too just in case something worth while comes up.The trip from where I live to Dandenong or the west is pretty much exactly…[Read more]

Thanks for the advice bluegrass… I am in the process of trying to make an appointment with someone at blaze acumen securities… someone recommended them on here in another thread a while back. Don't really know any others… or where to look.By tax relief do u mean how much of the depreciation I can claim on my end of year tax return? sorry if…[Read more]

I can definitely agree with this but for me it happens so much more for me in everyday life then just when I go to RE inspections…. even when we go to banks they talk directly to my partner which has no clue what they are saying and usually just looks at me and waits for me to answer the question LOL Happens even when we go to restaurants the…[Read more]