i have a property in truganina that we bought 2 years ago off the plan. Rent is average, but the value of the house has grown by about $100k in the last 2 years (2 identical houses selling in the last 3 months in the same area). I guess we got in at the right time. I keep a note of the values in the area and they are definately on the improve. I…[Read more]

I am in Canberra but not sure what your proposing.. an investment club?

HI everyone, and thanks for all your responses. I put my appeal to the banks and provided all the data for the suburb and the fact the valuer used the 2 lowest priced properties to guage mine against. They just gave the details to the valuer who said if my house was fully renovated he would of priced it at that but he would not change the…[Read more]

Members Equity is offering 95%.

Maree well done on your future plans on looking after yourself and my comments were there to put a stop to the criticism of spudway choosing to have more than 2.1 children and get ahead. You can take offense if you like, its Australia,  but its funny you can read this whole topic and then find my comments out of everything that has been said…[Read more]

Leave the kids out of it people.. it is far more selfish to not have children then expect other peoples kids to care for you when your old. 5 children is not alot and they are already here. The guy was simply putting up a proposal as a way to get into the housing market. This is an investment forum and people are supposed to learn things and get…[Read more]

Why not west.. Truganina, Wyndham Waters, Tarneit, u can get something under $300k and you are less than 20k's from the city.. actually we can see the city quite well from our I/p. We bought a 24sq house on a large block there for under $280k last year and im sure you can pick something close to that still there. rented quickly and there are…[Read more]

if you go to the site http://www.domain.com.au you will see that they have just put on a investment section and you can check each suburb out with all the stats you could hope for  and it tells you how the suburb has been performing over the last 3 years etc. it is branded as new but helps heaps with finding out where to invest.…[Read more]

we have investments in truganina/tarneit which is south west. you can see the city from the properties. its a great area, heaps of shopping, schools, reserves, new houses.. fell in love with it

we  had the same problem when getting our house valued for a loan. what i did was supply a list of every house for sale in the area going for the price i valued it at and also a list of the rents going at that price. it was current info and they asked him to look at it again. it came up trumps. i also got 2 agents letters stating what the…[Read more]

woopi.. i would say read, read and read and go to info nights and listen to lots of advice and somewhere in there you will come to a point where you know where your going to head. You definately have the collaterol but now you need the right vehicle and interest rates  and house prices are almost perfect for the jump but as gmh544 states.. its…[Read more]

put the rent up and she will go.. then get an agent and select your tennant by their  capability to pay and references.

My question is really to those that have used them and their experience dealing with them. I generally like to ask this question with a lender i have not used before.  I understand your take would be negative as they dont pay commission to finance brokers.

Can you please explain that a bit more.. im not sure why they would do that.. we split our loan 3 ways so we have an account for renovation, one for investing, one for the home loan. are you saying that St George are limiting their loans to what the house costs even when you are refinancing to use equity.

Me personally no.. i refinance on my properties to purchase other ones , i lock in for my own home but i need the investment homes to be fluid. Great rates though right now….

Wobbles also look at what your aim is.. do u want to get into investment properties for capital gain or rental income. is your goals to sell up in years for double what you bought for or to build up steady rental income . some houses get good rent but dont go up in value alot.

I have been following properties in mildura on real estate.com.au and have spoken to the real estate agents up there. I have some houses in watch in my shortlist and they have been there for a year now. fantastic houses pulling good rent but not selling, and they are houses with current tennants paying good rent.real estate agent told me if i…[Read more]

who is the real estate by the way, as my brother is just about to settle on an investment property in qld. and is renting out.

I think i dont understand the big picture. Im sighing relief with the interest rates coming down and not in a hurry to sell ours but pretty disappointed with my super balance. I have seen enough stock market crashes that i am now convinced i wont be going there any time soon, ive seen market dip in house prices but they have always rebounded…[Read more]

tess85 wrote:

Have a thorough read of the articles here. Neil jenman is well respected in real estate thinking.

http://www.jenman.com.au/find/index.php?type=simple&query=investors+club&button=SEARCH

Remember, if it's too good to be true….. IT PROBABLY IS!

Yeh i wrote to him after reading his newsletter about it in feb last year. he wrote…[Read more]