AC80, so many things to think about!

Regarding the renovation, a starting point might be to look around at properties for sale and rent in the local area, and work out what a renovation may be worth (both in terms of increases to rent and value). Look for similar properties that have renovated and see what they are selling for. You don’t want to…[Read more]

If you’re thinking of landlord insurance – it’s definitely worth shopping around, and comparing the prices vs coverage level closely! We’ve found some companies to be really cheap only to find the coverage is limited. Have heard good feedback about Real Insurance and Allianz lately.

Let us know how you go with your search!

Regards
Sydneypropertyman

Great to read these posts – completely agree that this is becoming an increasingly popular situation. Yes, it might depend on your specific circumstances, your rent vs mortgage costs, where you want to live vs where you can afford to buy, and how the tax benefits of the property vs your income will work – but definitely an option worth…[Read more]

Hi Samsaralian

I would definitely recommend getting legal advice on that one!

There are various different ways of going about it (each buying the units as joint tenants or tenants in common, companies, trusts) – but each has major implications for tax and divestment simplicity. Either way, you would definitely want an agreement drawn up between…[Read more]

If you’re still undecided – I’d also highly recommend Yardney’s “How to grow a multi-million dollar property portfolio” – I found it a great read.

Would also recommend the one from realestate.com.au, i've used them a couple of times now and they are always interesting!I also find it good to do a google search of the address. Sometimes you find the search results show cached versions of websites that reveal the property has been listed for different prices over the last few months. Can be a…[Read more]