When is the next one please?

What are the good streets in Corio? I’ve heard that I should avoid Fairbairn ? Avenue.

Thanks so much Kristin.

Yes I think CF+ properties would be very hard to find in those areas so I may have to look further out. Now…Back to the databank of SPI magazine!

Thanks for the feedback. I suppose we are focusing on CF because we want to make a positive outcome in the quickest amount of time. We are already leasing out our family home using negative gearing.

We are now looking at regional areas in VIC for positive CF, places like Corio or even Ballarat.

I would be interested in hearing from anyone who has invested in billboards or has any info on usual pricing and ROI.

Many thanks

Question for experienced investors:

We are looking at buying an investment property in the inner city (Melbourne) such as St Kilda, Elwood.

How do we know if the property will be cashflow positive?
I have used Steve’s 1 % Rule but would prefer more specific real stories from anyone else who has invested.

At the moment, the apartments we have…[Read more]

Is there a particular mag that is specific to Melbourne, Victoria? Sometimes I skip through the articles in API which talk about interstate property as that is not what I’m interested in.

Thankyou opee. We had originally been looking at 1 bedroom but some of the users on this forum seemed to think that it would not be a great investment and we are looking for a positive cashflow property.
I will continue looking

Any advice on investing in Elwood, St Kilda and St Kilda West?

And 1 bedroom or 2 bedroom apartments/units?

The general vibe in this thread seems to be go for 2 bedroom apartments rather than 1 bedroom. I have been looking at 1 bedroom around Elwood, St Kilda because it is close to the CBD and is seem as a trendy area for renters, singles and couples with no children.

I am looking at 1 bedroom apartments in St Kilda, St Kilda West and Elwood at the moment for investment.

Has anyone had any first hand experience investing in this area?

Any tips to share?

Thanks.

I went on the link and noticed they are doing lots of future dates in the major capital cities.

Who has gone to these before?

Are there any hidden costs associated?

Good to read advice about the Quest Apartments or serviced apartments offer..I thought it was too good to be true!!

Any investor’s clubs in Melbourne?

Dorzy wrote:
I was talking with my Brother in law
today, who told me that my ppr
(principle place of residence) was
exempt from the capital gains tax. Is
this a true fact?

HI Dorzy,
Yes this is true, I was just reading about this myself online.
Cheers

Hi Janine,
I would make an offer at the lower price. It wouldn’t be laughed at, after all the agent wants to sell the property and any serious offer would be considered.