Hi,

Wait until all the superanuation hype and share market plateau,s. I think you will see some great profits around the country.
On the northside of brisbane where i live their has been some great gains especially around the 10 to 15 klms radius of the city. One of our friends was offered $30,000 more then what she had it on the market for.!!

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=XRWLAO

Rebecca 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 efficient work ethics in what she does, Rebecca has gained a reputation by landlords and tenants to fulfill her tasks as a property manager.

Rebecca started her field of work in real estate back in 2002, and has gained a lot of respect in the industry. It is her enthusiasm and energetic approach that makes her a step above the rest.

“Whether you’re a landlord or a tenant you can be assured you will receive only the friendliest and personalized level of service you deserve”.

Ray White’s internationally acclaimed name, marketing, systems, tools and training will be the driving force in Rebecca’s ongoing commitment to maintaining the utmost level of success.

Dom

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.

Cheers

Dom

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 and right accross from the monash university. Each tennent pays $110 per week per room. I supply Internet and utensils. And the electricicty is capped at $400 per quater. I paid $350,000 + costs.
I setteled on the 2nd of january this year and i have spoken to some agents which tell me i could sell for $450,000 .
But i dont know anybody who beleives what agents say LOL.
Hope this helps
Dom

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]

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, 2007 was shaping as a promising year with early signs pointing to a healthy market, eastern suburbs agent Phillip Webb said.

“We are just noticing that the investment market seems to be getting stronger,” he said.

Century 21 Wilson Pride Carnegie and Murrumbeena director Geoff White said the Victorian market was turning. Speculation the investment market in Western Australia had “overheated” was prompting many investors to re-focus on Melbourne, Mr White said, with the small vacancy rate a key drawcard.

“Good people are missing out (on rental accommodation) because that many people are wanting a place,” he said.

His comments follow the release last week of statistics showing a vacancy rate of 1.7 per cent last quarter while median rents climbed 6.4 per cent in the year to September.

Buyer advocate David Morrell said it was too soon to say if the investment market was lifting significantly, with his business noticing no influx of extra investment demand. But the appetite for quality properties was healthy, with numbers at houses open for inspection at the weekend surprisingly strong, Mr Morrell said.

“It’s like mushrooms growing up overnight,” he said.

But it was “more driven by owner occupiers”, Mr Morrell said.

Mr Webb said the year had started well across the market, with his business recording its strongest January on record. Though private selling had dominated activity over summer, auction numbers were growing and would continue to lift in coming weeks, he said.

The Real Estate Institute of Victoria reported a strong clearance rate of 83 per cent. Buyers forked out $96 million on properties earmarked for auction, buying 125 under the hammer and another 109 before or after auction.

Thought private sales continued to outpace auctions, auction numbers are snowballing as autumn nears, with the 283 at the weekend more than double the 119 a week earlier.

A shortage of stock remained one of the biggest issues facing agents, Mr Webb said. His agency had sold about 40 properties so far this year, but with only 42 houses now listed, there was too little supply for demand, he said.