Xenia, Like willandel I am also a Vic, but have a SA daughter in law, so also hope that you will talk to me?

I was studying the Adelaide prop market 6 months ago and dropped out as it seemed to be sky-rocketing and getting expensive. I would be interested to hear your thoughts as I like the beach areas but is it getting like the mornington peninsula in Vic where it is now hard to buy in, or just plain expensive? Even if so is it still a great cap growth opportunity still.

Would appreciate your thoughts?

Thanks & regards

Smithers

Well after reading all those posts about everyone’s exploits I am inspired. I feel like the old man compared to everyone else.

Go by name of Barry or Baz for short, 49 years and 36 months old, will never turn 50. Married three boys all over 18 and live in downtown Croydon Nth, Melbourne.

Currently working as a Supply Chain Logistics Mgr for large computer company starts with H and ends with P. About to get out and do my own thing after 15 years service and leave the co for the younger ones. I have always been interested in property investments but never really had the G & T to get out and do it until a friend basically pointed me in the direction 2 years ago and I bought my first IP in Sydney. Started +ve but now -ve but good cap growth so holding on. Now have decided that as I have my own house as equity, (fully paid) and income stream with bank chasing me to lend more money I now want to “attack” the IP market. Have set a goal to have property investments in 5 years that will let me “retire”, so to speak but would really love to be doing PI full-time. Have super but that wont give me the same lifestyle as success in PI.

Good friend of mine pointed me to this site only a day ago so I am a “Newbie” but have already had some good answers to a couple of questions and read a heap from others so already my knowledge base has increased 10 fold.

Hope to communicate with you all at times.

Fantastic site and very genuine people who post.

Thanks

Barry