Hey Ros,   Yeah i read the sales pitch and saw the price tag.."just $19 a day".  Most of the skills you mention i learnt in high school and the others i learnt from reading & researching, not just given to me on a plate.. almost for free ( must admit i bought a book or 2) .. For someone young ( assuming melb is)  i would say the cost of around…[Read more]

I would have to disagree with the above posts, sure it is an avenue.. but in my opinion its an avenue for weak-minded people that want someone else to do the research.. like one of the guys said on their advertising video.. “ I have been to tonnes of seminars” and im sure he will go to tonnes more.. and waste 1000s of more $…most of them wan…[Read more]

Hey,Also interested in founding an investment team or at least discuss ideas with other like minded people. Although my knowledge is limited to inner city areas (mostly CBD). i also have a secret fondness of looking at commercial property.I will contact you both personally

Yes Aussies can purchase property in China, however if you are buying into a new building the developer must purchase a license which allows them to sell to foreigners. Also keep in mind the all property here is state owned,  so your really only buying a 70 year lease  off the CCP, the idea behind this is to make sure there is no apartments e…[Read more]

Bring on the rate rises!!! The reason this Boom has made property so expensive is because of 1. Rudd the Dudd and his cash handouts, 2. low interests rates. Take these out of the equation and your also taking ALOT of FHB and others out too.  Sure prices may not go down but i would happily pay a few extra dollars a month on a property that will be…[Read more]

Extreme Tax System, I think first home buyers who are renting will be hit hard, with the 30% raise in bills and of course rent etc, it will be harder than even to buy into the market. However i dont see property getting any cheaper because of the lack of FHB. Any fall in FHB will be picked up by investors and migrants

Hey, It is possible to purchase common property  ( although almost impossible) the only way this can be done is for a unanimous resolution to alter the subdivision altering the CP to become a lot that is owned by the OC which then can be on sold. However I doubt you will be able to achieve this

i agree. close it

Hey Kris,Great news, in my opinion you can defiantly stop this going ahead, for two reasons one being that they need a special resolution (75% of ALL lot owners) to lease common property ( S14 OC ACT 2006) or to  make a significant alteration to common property (S52OC ACT 2006), so that means they will need to raise this motion, usually at an AGM…[Read more]

Hey Kris,  You didn’t mention which state you are in as legislation differs from state to state. In Victoria a OC needs 75% of the vote, on something that needs a special resolution and this must be voted on at the AGM or by ballot etc. An Ordinary resolution only requires 50% and can be passed by the committee.  You didn ’t go into detail about…[Read more]

ok maybe i was a bit harsh stereotyping Frankston like that, for a safer investment maybe you could invest in Bagdad or Somalia.

What to avoid? Hmm.. i would just avoid Frankston completely, there’s a good chance you will be housing the unemployed or worse. 

hi KyanneIf you are buying into a Melbourne CBD apartment, may I recommend a book by Jimmy Thomson-  ‘the ultimate guide to buying & renting houses& apartments. I found this book very helpful with all the new strata regulations, that you will know doubt encounter.I myself am an investor solely in the Melbourne CBD so here is some advice I think yo…[Read more]

Like it or not real estate is a game where people win and lose money. May I suggest a tactic, ask a mate or a relative of yours to put in an offer of about 185,000 ( in writing, so by law the agent must forward it on to the buyer) and when it gets rejected, have another person do the same.  This will put a false market value in the vendors mind…[Read more]

The best right as a landlord is that you get to choose your tenants, may i recommend you use this right vigorously, don’t leave it up to the managing agent.

thanks your your advice.. its been very helpful!

I doubt that you will find an apartment under 250k in this market that will have good growth.