Hi LesiaJust wondering whether you bought the self storage units?Are you able to suggest what good numbers for this type of investment would be? ie. Would you consider 30 units in regional growth area with good occupancy, gross rent $48K and net of $38K for offers over $450K to be good value?Cheers, Tracey

I'm thinking a reduction…..

I like regional areas and my favourite type of property is blocks of units.  We currently have some in Trevallyn, Launceston (pop 100,000) and Turners Beach, Tasmania (nestled between Devonport and Ulverstone so larger populations).  Each unit is valued at $130K – $150K and rents for $175 – $210 per week.I really like having these lower priced…[Read more]

I checked those Moree ones out a while ago too, actually on 15 February this year so they've definitely been listed for while.If you'd like to turn on private messages in your profile I'll send you a link to something else I'd consider in the current market.

What net yield are you expecting?

ok, thank you.

Thanks Richard would prefer not to put too much detail here – they're in a suburb of Launceston, population 100,000.We have all but appointed a listing agent so I will make sure they're aware that we are willing to offer a split contract with simultaneous settlement for the purchaser if it helps with the finance.As always your suggestions are mu…[Read more]

Richard (or anyone else) could you please clarify something re 'depending on the strength of the deal'…….With the odd lender that may do 6 at residential rates: scenario – 6 units, brick and tile construction. for $750K, $53K PA income, what's the highest LVR you might expect? would this be considered a 'strong' deal?Also, if they're already s…[Read more]

If they're already strata titled split them between 3 different lenders to keep them residential.  NAB was doing up to 4 as residential a while ago so probably depends on their lending policy at the time……

We have some strata titled units @ 49 sq m which, financed with ANZ.  Whilst not on the title, the 'allocated' car space and court yard helped in our situation.For me having to go to an alternate lender wouldn't put me off – I like the higher yields and whilst some of ours are rented to people receiving government benefits they do have a reg…[Read more]

My thoughts exactly Johnny and Terry.  Managing incoming and outgoing monies and providing monthly statements is what I pay my property manager to do each month, among other things.

Hi MattNice $ position you find yourself in!  I think the decision about PPOR or IP is a personal one it's not up to me to tell you what to do.Re what/where to buy – why not consider using say half of the money as a deposit towards a small block of units.  If you buy some with decent returns you will be cashflow positive and the lender will incl…[Read more]

Hi BayerI have made terrific progress with support from the Results program.  If you type Results Mentoring in the search on this forum you'll find  quite a few posts from others who have participated.  Here's one that might be us…[Read more]

Wow, that was quick – thanks Michael.  I will email you later with further info.So can I just check – you're saying that even if 4 were with say NAB and 4 with another lender, only one would give 90% LVR and the other 80% LVR?

To the finance guys:  We are about to sell an 8 unit property and would like to understand whether purchasers may be able to borrow 90%.  These ones are on individual strata titles, have laundries internally, fully tenanted, in a city of 100,000.  Expected listing price will be $1.1M, offering the purchaser a 6.7 gross yield.  Would any lenders…[Read more]

Jack good point re Adelaide.  I'm seriously looking at mining towns in Queensland rather than the Tassie ones for the reasons highlighted by others ealier in this thread – land tax is the main reason we're starting to look elsewhere.Having said that, while I find properties locally with good yields ie, 8% plus, my money will stay in Tassie. …[Read more]

How to join – just PM your mobile number to either myself or Marie123 and we'll text you a meet up place and time once we're there – to work around the session times etc.Cheers,Tracey

Thanks for the update.  Look forward to hearing how you go with the next 2.

Dear AngelThank you for sharing this tribute with us – certainly makes me reflect on what ARE the most important things.Although no words can really help to ease the loss you bear may your memories give you strength.My thoughts are with you are your family.  Take care and we look forward to your return.Tracey

hi TimFor a another group of people to catch up with check out http://www.activepropertynetwork.com.au/perth.html      I believe it is a very well run group although I've never been myself as I'm in Tassie!Best wishes as you embark on your investing journey.Cheers,Tracey