Hi Corey

Thanks for the suggestions.

Although rather than putting in <500K and listing over 19K properties, I was hoping for something more like “putting in <500K and be given a list of suburbs… then I will study those suburbs before looking at the individual properties within that suburb…”

Cheers
Steven

I guess you are right.

But that kind of reasoning sounds more like “speculating” based on the seminars run by experienced investors that I have been attending. I am pretty sure they will call that “speculating” rather than “investing”. They can always say “what if Asian migrants never choose to move into that suburb”.

Those experienced investors…[Read more]

Seems to happen in Victoria a lot now days.

People buy huge blocks of land, subdivide them, title them and developers are practically knocking on their door on a daily basis to buy the divided land from them.

I guess in this instance, it is a case of a bit of “foresight” is needed.

Even the Asian migrants were initially unwilling to relocate to that area, because the infrastructure is so poor and transport is so inconvenient. Most of the Asian migrants, prefer traditional “starting suburbs” such as Springavle due to the maturity of Asian supermarkets…[Read more]

Hi Benny

I had another chance to speak to the agent that I have been speaking with. I specifically questioned them if they only do new property projects, in which case their answer is no. They deal with old properties too.

The exact wording I got from them is:

——————————- snip —————————–
we are very…[Read more]

To add to my previous post, let’s use an example

Suppose say I purchased an investment house and I am able to rent it out for a good 3-5 years.

However, after that 3-5 years, the property is getting very old and becomes less attractive to tenants, so I spend 50K to do a complete make over of that property, but I do not want to sell it… instead…[Read more]

While you are here, I have a question that may strike you as a silly question.

Are renovations for investment properties tax deductible?

Hi Benny

That 4 Bedroom house is not a single dwelling with 520 per week, but it is dual occupancy and rental is divided like that:

Dwelling 1: 3b 2b 1lockup garage, 300-320 per week
Dwelling 2: 1b 1b 1lockup garage, 200-240 per week

So the sum together makes it 520-560

The rental appraisal is done by MPM Properties. That company appears to…[Read more]

Hi Jason

I am trying understand that term actually.

For example, let’s say a normal single dwelling house in an area on average sells for 500k, then does that mean:

1. Dual Occupancy house in that same area automatically sells for less than 500k due to smaller buyer pool on the basis of less buyers = less competition = lower selling price?

2.…[Read more]

Hello Benny

Regarding to Moreyfield, that property has already been sold. I do get somewhat an itching feeling that I probably could have bought it.

Basically that property is one of those off-the-plan projects, where a dual-occupancy 4 bedroom houses is built on a land roughly around some 450 sqm. The cost of the property (the completed end…[Read more]

Hi Jaxon

I was going to quote your post, but accidentally clicked on “report”. I apologize for that. So I will quote you a bit differently:

esearched literally all of australia, studied suburbs when I found properties that stood out,

So you mean you looked at literally and indiscriminately every single suburb in 1 state and repeated the whole…[Read more]

Hello Benny

The thing is, if you me a question that goes “what is your strategy to reach your goal”. Rather than getting an answer, you are more likely to get a question from me: “what strategy works best according to my situation, because that’s what I don’t have a very good idea with”.

The one thing that is clear in my head is that I want to…[Read more]

Is yours an off-the-plan project with 400-500 sqm land too or is it a proper 600-800 sqm land property?

How did you find such low prices? When you say “do your own research”, what method did you use to find such properties?

Just a few moments ago, I typed quite a lengthy reply to someone else about how I think research using data that are easily…[Read more]

Actually…

Just an update on that… that property in Morayfield was sold already….

But still, what’s your opinion on that property based on my description?

Hi Jaxon

I have been approached with a property in Morayfield, but 2 factors are kind of putting me off a little bit:

1. It is an off-the-plan project, with projection of 5% capital growth. Kind of crappy statistics to me from a capital growth point of view, but the projected cash flow is positive. The property itself is more than 450k, but less…[Read more]

Hi Jaxon

In this instance, I am talking about a single property with a wall in the middle, effectively dividing the property into two.

For example, a 4 bedroom, 3 bathroom and 2 garage house, with a wall in the middle. At left hand side of the wall is 3 bedrooms, 2 bathrooms and 1 garage while there is also 1 bedroom, 1 bathroom and 1 garage at…[Read more]