We decided not to go ahead with the townhouse. We found a really nice brand new home with all the extras (ie. floor board throughouts, ss appliances, heating/cooling, double gg, high ceiling, etc etc), and it’s on a street full of other nicer homes (ie. double storey & contemporary designed homes).
This one’s asking for $330-350 but we’re offering…

Hi all,
Thanks for the answers/feedback.

The block is about 500m2, I’m not sure exactly. Two of my friends are building a 4×2 in the area and they’are costing them about $310, but because this particular property that I’m interested in is sold by private owner-builder, I’d imagine the costs to be much less than what people pay through home…[Read more]

Been reading the forum heaps. Some latest thoughts (true or false?):

1. Owner occupied investors rely more on the capital gains more than anything (ie. rental returns, etc). From the forum, everyone seems to think that there will be not much of a capital gain in Southbank apartments in the next 5-6 years due to oversupply.

2. Point Cook is an ok…[Read more]

As I was reading some of the comments, I thought “Yep, I agree”. I still cant get over the ‘rent = dead money’ concept in my head. Just like what ‘bmcgregor’ said.

I guess my main concern is the convenience of living in your own property as compared to renting. It gives you the freedom to renovate and do whatever you want to do with your home,…[Read more]

Well, I must say thank you all for your opinions.
Gives me something to think about….
Much appreciated.