I agree serviced apartments are worse than owning a studio apartment, you have very little control over them and they have higher management costs. I would steer clear of them.Have you looked in the outter suburbs Jenny? if you are after cash-flow (thats the vibe Im getting) you might get a better net yield in the outer suburbs, you will have more…[Read more]

I cut this straight out of my blog…I have recently read some articles on purchasing small inner-city studio apartments* as investment properties in the Sydney CBD area due to the cheap entry price into the market.I have been monitoring the Sydney CBD market closely over the last several years and strongly disagree with this strategy for many…[Read more]

I think she hosts "Your money your call" and "Property success with Margret Lomas"

Grand designs

I subscribe to all three but, SPI is the new comer I think its better than YIP and API. SPI has its own investment properties which they do follow up stories on.

Hi danger mouse, I flew up there 4 months ago and had a look around I was quite impressed with the Gladstone however, Im not sure why you are only looking at house and land packages. For that sort of money you could be closer to the city in an established suburb, I found some of the housing estates to be out near the airport and further out of…[Read more]

lol No not at all, I actually flew up to Gladstone 4 months ago and spent a few days looking at properties. The comment you saw is just part of my signature block lol it just means do you due diligence, crunch numbers, create the outcome instead of hoping for the best outcome that's all 

here is a link to an ongoing post, it has a lot of info about Surat Basin. people add to it oftenhttps://www.propertyinvesting.com/forums/property-investing/help-needed/4337447

Your solicitor has usual seen alot of strata reports so they know if the situation is good or bad but, it sounds like you might have some special levys coming your way. I have a seen a friend go and re-negotiate down an agreed price on a place during the cooling off period due to a large 15k special levy that was picked up on a strata search.

yes however, you will not settle on the property till this has been sorted, speak with your conveyancer

Hi Joe, As the electricity and gas are in the vendors name they will chase it up with him, you cant be liable for these as they are not in your name.Any strata fees, council and water rates outstanding are squared up by settlement by the vendors and or taken out of any profit he receives at the settlement, again you wont be out of pocket, this i…[Read more]

It’s a classic case of if it sounds to good to be true……..

Anything by Steve McKnight is good value his writing style is almost a manual for property investing he puts alot of detail in them compared with other books on the market.

I wouldn’t bother with the render it’s not really going to add much to you rental return, unless you are looking to sell it soon, painting would be a cheaper option.

Hi guys,I have read steves book in question its designed as a very rough tool to sort the wheat from the chaff, I think the idea was when you find one that meets the 1% rule you negotiate, get the vendor to move down on price then look at ways to increase the rent so you end up with a better rental yield on top of the 1% rule, me personally I wo…[Read more]

you get more security than a ground level one

Hi Danis11 Without knowing your full situation, I would decide what you want out of property investing first (your end goal).Then I would read as much as you can on this forum, ask questions ect, then come up with a plan that will get you to your end goal and strategies that you feel comfortable using along the way.This is what I wish I did more…[Read more]

http://www.ato.gov.au/corporate/content.aspx?doc=/content/86191.htmHere is a link straight off the ATO website it basically says what catalyst said however I like to source anything tax related off the ATO website as it gets updated regularly and it has examples as well.

Hi Edmund st, it depends what your after, but if your looking for cash-flow its no good so I assume you are looking for growth which I think you will see little in the near future as Melbourne as a whole hasnt been booming, auction clearance rates have been flat and in a slow decline, average days on market have increased over the last 12 months…[Read more]

Anything that damages consumer/ investor confidence in this country is not a good thing I guess, I personally believe the media makes it out to be a bigger issue for Australia than it really is, that aside I will continue to buy investment properties if the numbers stack up but my focus is firmly on cash pos property and sub-consciously I am wa…[Read more]