That’s interesting, but I’m pretty sure it’s not the case in Australia.

My dad’s a RE agent & I’ve never heard anything about it…

Definately travel. Investing can always wait, travel is one of those things that you can easily keep putting off until it’s too late.

I had $10,000 to spend when I came out of a job at 20yrs old, I could either invest again (I’d already bought my first place which had the equity to get another one) or just drop everything and go…

I had always…[Read more]

I live next door to one and it’s damn annoying! Car stereos blaring all night, especially on weekends…

Anyway from an investment point of view, I don’t think it’s particularly passive. The owners of our next door one are there most days doing cleaning/general maintenance work. And it’s very quiet in winter/bad weather – so make sure you get…[Read more]

Hi, I have a fibro home and it’s been the least trouble of all The only money I’ve had to spend on it was for a new fence! Mine is made with concrete stumps, which apparently eliminates the need for re-stumping, too. They are usually built to be very strong… sounds like a good investment on face value but obviously it depends on other…[Read more]

Haha yeah I know, don’t worry I’m not taking it seriously… I think it’s funny too, the way they try to twist things to suit themselves []

Hi,

I don’t know much about Tassie but I have found the same thing occurring in many parts of Central Victoria, where I live.

There have been so many people jumping on the investment property bandwagon that whilst vacancies were almost zero a year & more ago, they are now definately rising.

I actually moved out of home & was trying to find a…[Read more]

Damn! I just heard that on the radio too. I thought it might have been a bit longer before they rose []

Haha, yes they used to manage mine too [] And I wasn’t the only unhappy one, as I found out once I finally wised up & did some proper research into them! Good luck with your property/s []

Yes, give Megan at Stockdale & Leggo a call on (03) 5443 8500 or 0417 318 075 – they manage both of mine & are great. DON’T go to the RE agency with the three-initial name as they are not so great []

I’m worried about the same thing… every second person is looking for investment houses now, rather than their own place.

When I visit my dad’s real estate agency, every five minutes someone rings up asking “what sort of rent would that property bring?” or “do you have any good investment properties for sale?”

I’m concerned that this will mean…[Read more]

For what it’s worth, the prices where I live (regional Vic) are still rising. No positive flow properties, but as far as the boom is concerned, it’s definately still strong here.

Hi all,

I’m 23, bought my first at either 18 or 19 I think…then bought my 2nd one a few weeks ago.
It’s interesting to hear from everyone … []

Hi Grace,

Not at the moment, the one I was talking about in the other topic was actually a row of 4 one-bedroom units, renting $70pw each, for $85,000 the lot): town pop only 1000 though.I didn’t see them, but dad said they were in good condition.

That’s why I was thinking it would be good to have a place to tip people about this sort of thing!…[Read more]

We all seem to think our jobs are “boring” … maybe that’s why we’re all on this forum during work hours? []

May I suggest that if we do end up having a separate section for “good deals spotted” we limit the amount of “good deals” a person can post?

This should help separate the genuine deal-spotters from the agents, advertisers etc. (i.e if you are only allowed to post 1 deal per week or 2).

Also, I think the majority of people on this forum would use…[Read more]

I’m in admin work … very exciting [] I don’t earn much but am an excellent saver…that’s how I’ve bought my 2 investment properties so far.

Thanks…

Terry, I’m in Victoria. Yes the rules are there to protect vendors (I can see how people could be VERY dodgy whilst doing this!).

I actually bought the property after it’s sale fell through – I offfered the same price so there’s nothing funny going on! But I think there are some special rules governing this – dad’s trying to find out…[Read more]

Hi again

Tom, I’m sorry- I only came back to the forum this morning – I rang up the agent yesterday to say I wasn’t interested & she said there’d been another offer they’d accept (another lady looked through it after me, and must have made the offer).

Looking more into it, I’m really glad I avoided. To explain further (yes it does all look too…[Read more]

Thanks everyone…

I’ve decided to leave it… turns out it’s been on the market for about 8 mnths which seems a LONG time in the present climate. Vendor has dropped the price by $20,000 – making it $130,000 (returning $290pw). That gives you an idea of how ugly it is!!!

Thanks []

Thanks Marty,

With my first two (it’s actually 1 property divided into 2 separate areas – hence the two tenants), I was 18, had saved up $20,000 and mum’s friend had a place she wanted to sell.

So I bought it privately off her without even looking through it!! I paid $70000 and it’s returning $220pw.

I’m 23 now and want to continue where I…[Read more]