Hello Odenska,Just wondering how you went with an agent? Watching the sales in Frankston is like watching a resource share double or triple in a day at the moment so much is selling. But i think their is a long way to go which is good for me because i will be buying more.Dom

Hello Odenska,I use Ray white in Langwarrin and the property manager is Rebbecca.http://www.realestate.com.au/cgi-bin/rsearch?cu=fn-raywhite&a=xrw&page=home&ag=XRWLAORebecca Sullivan 0410 575 702 Property Manager Rebecca Sullivan has joined the highly ambitious team at Ray White Real Estate Langwarrin. With desire, passion, dedication and…[Read more]

Hello seer76,My personal preference (because i don't like personal debt.) is to sell and pay debt off and move on to the next deal or three.This gives me more leverage with banks, and ready cash for "the next big thing". But i like to keep active in the market and move quickly on a purchase. So you can still hold some property for long term but it…[Read more]

Hello,By the looks of the market i will be buying more property in melbourne. It mayby hype or media attention or just population growth but i see the pattern emerging before the brisbane boom where property in the inner city in melbourne was more expensive than everyone else and they had to catch up. IMO This is where i will get some more passive…[Read more]

Hello Mathew,I intend to fully honor the contract i was simply asking what my legal rights were if it could be done. The right answer was given by QLD;s007 (richard) Dom

Hi,And thanks for the info, the property is in mount isa i bought it in 03 for $135,000 and its under contract for $385,000. I am not complaining. The rent has gone from $240 a week to currently $560 a week. My concern is that have i sold it to cheaply??? My plan was to pay some debt of ( not unmanegable) and invest in a large established part…[Read more]

Hello  Marc,I did buy  in frankston in december 06.But the agent i bought from told me a couple of weeks ago that it had appreciated about ten thousand dollars a month. I am a little bit sceptical but then again the area is well talked about here on the forum.Thought the combination of sea side, new marina and new highway link would also c…[Read more]

Hello FRankfurters,Just curious to whom is buying or looking to buy in this area. Since last posting here the property market in Frankston is moving quiet strongly, I would be interested in the latest updates or stories from someone.CheersDom

Hi everyone,I know this is an old post but i would like to know if anyone is looking or holding in mount isa. It seems prices just keep going up. Would really like some feedback as i am about to sell a property in mount isa. Not sure if it si right thing to do even thought the price is good in my opinion.CheersDom

Hello Elka,I don't mind letting you know but i have in my previous posts posted information on this property I personally dont class it as commercial but the banks unfortunatly do( 30% deposit). It is an 8 bedroom student accomodation house-set up.It contains two bathrooms two kitchens common room ,living room and dinning room. It is in Frankston…[Read more]

Hello,The last property i bought was in victoria and it was a commercial property ( november). The stamp duty on $350,000 was approximatly $18,000 + costs. I added this onto the purchase costs and i did not mind paying this as the property still returned 10 % + rental return. their are a lot of variables with stamp duty and mine was just one…[Read more]

Hello investors,I have recently tried my hand in the sharemarket and have had some success. Very interesting times in the share market. The aussiestock forums are very informative and they mention property a fair bit to..Dom

Hello Sanjiv,

I think that with the possibility or approval of new marina, and the highway being built has a lot to factor in it . And i think for a beach side suburb the house prices are undervalued, that could be the driving force.
For the perth company he did not mention the name but i sure with a little digging around you may find the…[Read more]

Hi,

I would like o know a simple question, and that is has anybody opened up a bank account from australia in china?
And transfered money their?
i cant seem to find anybody who has.

Dom [biggrin]

Hello Hookamc,

Coming from Queensland i have always thougt that melbourne was overpriced before the boom 2001 onwards. I could not understand why their was such a huge price difference. But thats when i picked up my first PI book and started buying in qld.
I have recently purchased in an outer suburb of melbourne cheaper than i could buy in…[Read more]

Hell paulmeese,

Why don’t you put some of your web site links here so everyone can benefit from them.

Dom [biggrin]

Hi Everyone,

Thanks for helping to find ways of passive incomes. But i thought i might throw other question to you . I would like to start my own business and have been procrastinating over a year where to begin i have narrowed it down to three types of business that bests suit me.
In no particular order i like all of these types of business ,…[Read more]

High rents lure investors

By Peter Taylor

February 12, 2007 12:00am
Article from: Herald-Sun

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INVESTORS spurred by rising returns and low vacancy rates are returning to residential property and bolstering competition at auctions, agents say.

After a lean recent patch in the investment market,…[Read more]

Hi Island girl,

What exactly do you mean by gearing?
Do you mean borrow against for more properties?
Basically i think that in the current market (Property) you may be able to get better returns with your money in a managed fund. If i find a fund which pays anything in between 20% and 50% it should do better than property in the next few years…[Read more]

Hi jeremyjysk,

Compared to the rest of Australia i believe that this area is, good value for money CURRENTLY. The property i recently purchased may be positive or negatively geared depending how you look at it. You can work it out for youself here are the numbers Purchase price plus costs, $380,000 rental return per month $3520. IO 25 year term…[Read more]