Hi Todd

The price quated is just for house, kitchen cab, landscaping, carpet .. not inclusive of the land.

Tom

The Rental market is average but a basic house would cost abt 260K while the median price is about 230K (land and house)

Well, that’s another problem. The demand is not that encouraging as predicted.

The place has good highway (35 min to CBD), train services, schools, near melbourne airport, plenty of green and it is a forwarding industry hub for Victoria.

Just don’t understand why the demand is better at north eastern area than the north westen area.

On the other hand if we are to build the house and sell, people may not like the design of the house!

I have been talking to some local invester and they said that property gain rate is normally following the inflation rate.
If the inflation rate is 7%, the expected price increase of building a house increases by about 7%. Eventually rental tends to follow.

Any other views from the fellow investers?
[blush2]

That’s a pretty good price. Nowadays developers are quoting about $1000/sq meter and above.

Adding to what I have posted, we have problem with choices. i.e. Apartment, landed house and Shop. Each of this type has its Pros & Cons.

Would like to start a discussion here on the type of property should a newbie to kick start his/her PI plan?

Foundation, I don’t think you could find an 11% return in Melbourne!

Kay, The Body Corp is $3900.

Hmmm, Looks like student accomodation with many units strategy is not so favourable. What would be a good rental return property in Melbourne – commercial shop, apartment in South Yarra or StKilda?

Hmmm, Looks like student accomodation with many units strategy is not so favourable. What would be a good rental return property in Melbourne – commercial shop, apartment in South Yarra or StKilda?

Thanks for the comments. I thought that 6.25% return is high rental return number and it should be able to generate interest in the PI community.

Anyone care to share some good rental retun investment experience or plans?

New PI