Mike,
I live in Geelong, well bellarine Pen…. Geelong prices over the last few years have increased greatly and to be honest I think you would be doing well to find a CF+ in Geelong. There always seems to be at least 2 pages under “to let”in the weekend papers.
Any investment down this way I believe would be for cap growth rather than rent…[Read more]

One of the places was a hotel apartment in the heart of Melbourne CBD. The building was leased long term. The lease holder pays all body corp, council rate. The return was $10150 p/a (nett). Property for sale at $120K.
Net return is about $195 p/w …… any thoughts. I have found a few like this in melbourne and Brisbane

Hi Propertylogist,
You misread what I wrote, long term rental $300 p/w (not $200 as you said) and the other option of holiday rental of $200 per NIGHT. Figures from developer anticipate 65% occ if you choose to have a 3 mth holiday block for your own use.

Hi Clancy,

There are a number of ways to approach property investing.
My personel view is that depending on where you at in life depends on which way I would approach it. Personelly while I am employed and paying lage sums of tax I dont want to pay any more. I would try to look for high growth properties and negitively gearing them to gain some…[Read more]

Hi all,
I have read “the book”…. who cares if it is 100% or made up. It is a real eye opener and make you think outside the square. I beleive you listen to as much as you can, books, speaches,seminars Jimmy the dole bludger…everyone has something to add. YOU draw your own conclusions on what YOU want to act on. To disregard someones thoughts…[Read more]

Hi Soleil,
I suggust you seek advice from people in the know. Financial planners will only offer products from financial institutions and very rarely recomend direct property investment. They will most likely say to get into margin lending or gearing to purchase shares. Only problem is banks will not lend you anywhere near the $$ to invest in…[Read more]

Hi all,
I must admit I too take the majority view the negative gearing has its place. Not everyone has the viewpoint that a good investment must soley produce income from day one. Do the best shares pay the highest dividend ? …no, not all of them. Same in property. The best property doesnt have to be positive cash flow. Everyone has their own…[Read more]

Bernadet,
The equity you have built up in your own home is a good starting point. But alot more information would be needed to assess what can be done in your position.
I work for Investment Partners Australia Limited. We offer a free service which can assess your financial position and Investment capacity as well as reseaches to locate high…[Read more]

Terry,
This is what our finance guy has just set up for us from what I understand of what you wrote. The idea being as you said to pay out home loan ASAP.
The examples shown and the details he ran through all made good sence….see how reality goes hey !

Quentin,
Yes it is a townhouse right on top of the world nice flat plot of land with good views…and access to 4 pools, 2 gyms, spa,sauna, shops and common recreation grounds and club house. The displays looks well constructed and the first stage is fully tenanted. Looks good hope it all goes good ![8D]

Thanks for your input guys.
I have looked into things further and done the inspections ect.
We have put down the $$$ on a 3 br plus study, 3 bathroom split level property on Coomera. It is in a security complex with 4 pools,shops, 2 gyms ect.Projected rental is between $270-$310p/w. Body corp of $34 p/w and on site managers rates 7.5%….this is…[Read more]

BC rate of $36 p/w and rates of approx $1200 p/a.
My worry was the price….does it seem on the mark or a little high ??

quote:
Check out the on site management costs – they will probably kill this deal.