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thanks guys… much appreciated
ITtelligent Consulting Services provides computer support, IT consulting, IT support plans for all your business needs.
http://www.ittelligent.com.auMatt, thanks for your posts, I have numerous consultants who are available to me and they are fully qualified project managers.
I shall investigate PMI and AIPM, thanks for the suggestions.
Robert
I would put some of the money towards investing books, ie property investing and share investing, half of what is left I would put in a ING account and the other half I would put on shares.
In London a lot of landlords cater for this market and works quite well. A lot of times they convert the lounge into another bedroom as well.
As for reliable internet I would be looking at installing a wireless connection for the house that way anyway in the house should be able to get access, relatively simple to setup by yourself
I recently bought my 1st investment property unseen, but I did use a buyers agents and I could be more than happier. I flew down to Australia after it settled and I am very pleased with the results.
If it sounds to good to be true it probably is. Just a check on realestate.com.au shows they have a number of properties for sell which looks like they are sellers agents as well.
I have used a great sellers agent in Melbourne and before I made my choice which agent to use I made sure that they were only buyers agent.
ahhh sorry for the confusion
thanks for your reply, I am aware of the extra costs.
I have been told as I am an Australian resident currently living in London I will need 20% deposit. This does not bother me as then will not need mortgage insurance.
Thanks
Rob
I was a contractor when I applied for a home loan. The banks I went to see just wanted me to demonstrate that I was able to get another contract soon after I left my previous contract. I showed them all time sheets as far as I could go back and they all were happy to give me a loan
Hope this helps
not to sure if it helps but I use transfers.com to transfer money OS
I went last year, however I would not consider going again as it seemed like he was more interested selling his other seminars and books/products. What he talked about was nothing radical. nothing new, and came across look at me look at me.
Yes he has made a lot of money, but like anything it also depends on luck and good timing. If you feel that you are going to know everything after spending approx $100 then you are mistaken however if you go there with open eyes then perhaps their is no harm in going, as they say it is sometime better to have to much information than not enough information.
Hope this may help
Rob
Rebecca, gee, glad to see being in the UK makes me smart
I am looking at buying an investment property in Melbourne and originally did look at Central Equity, who can fault them for their advertising but when I got their figures it just did not add up.
As always do your own due diligence but anything that sounds good is usually not.
Good question to ask them is what happens after 2 years, how much do you think the rental I can receive from the property is? They pay for your rent through the high prices you pay for their properties.
Rob
As a person who lives in the UK, central equity have always aggresively advertised in the UK.
I must say I have little experience in property investing but I would personally stay away from these deals. Their are to many apartments in melbourne for demand, this may change but as it stands I do not think now is the time to look at these.
One thing I have learnt is never buy proprty brand new as the price asked for these properties is not the market value, it is a combination of market value and the builders profits.
Hope this may help
Rob
Totally agree, the photos are never of good quality, always hate how you always get different amounts of information on different properties.
try http://www.fish4.co.uk http://www.primelocation.com http://www.mcsmeridian.com http://www.royaldocks.com
I am currently living in London, I would suggest buying in the Royal Docks area, the units are nice and with the upcoming (hopefuly olympics) they are going to be based around Royal Docks.
Hope this helps
Rob
Kay Henry, yes Richmond is charming but I am trying to not get personal opinion in the way of a investing decision however being charming that can also bring in the renters (my opinion). I know sunshine is in a different league but perhaps dandenong is not in the same league as richmond/elwood but not as `bad’ as Sunshine.
I want CG but I also want a place I can rent out easily (not to worried about yield but vacancy rate).
Thanks
Rob
Georgeisj, thanks for your info. I do have a few people on the ground in Melbourne. I shall press hard the sales agents etc once I come back to Melbourne.
I used to live in Melbourne, I like the areas of Richmond/Elwood and was thinking that perhaps Dandenong maybe a good place to buy due the rental yields, basically I am just throwing ideas in the air and seeing where they land, but ultimately will make a more informed decision once I am back.
Thanks
Rob
Thanks
Rob