Why Melbourne. Why not look in one of Victoria's great regional cities? You will get a much better yield, about the same CG and just as easy to rent out.

Tell them that they can install whatever curtains they like at their own expense.They also must restore the original curtains prior to vacating, at their expense.Put it in writing also.

I gotta say that i'm looking forward to some real bargains in the not too distant future.

Buying the el cheapo chinese units is definetely a false economy. When they break down, you'll see why.As for chucking it out and replacing it, the replacement labour cost will exceed  the cost of the unit. Also, when they do break down, it always happens in hot weather, so add warranty delays, christmas/new year holiday delays+replacement  tim…[Read more]

Renaissance in the Valley Email Print Normal font Large font Sarah-Jane Collins, Sze Kai Chen, Miki Perkins, Leo Shanahan, Ari Sharp, Mario XuerebSeptember 23, 2007Latest related coverageSlideshow: Life in the Latrobe Valley THE Haunted Hills are in the middle of the Latrobe Valley, between Moe and Morwell. Stand on a slope on the eastern edge of…[Read more]

Foundation for PM.

Bingo.

There is only one regional vic town of 20000+ population with a present growth rate of approx 2%PA or more (ABS 2001-2006). It may surprise many.

I've got a Falcon BA E-GAS (no petrol) ute.Melb-Gold coast, cost approx. $200.00 RETURN for LPG.Why would you use any other fuel??????

Is there really a reason to get personal with gifts etc.Remember that you are doing the tenants a favour MORE than they are doing you a favour, thanks to V. low yields.

Ok.This  is getting ridiculous. All these people bitching about trades, many of whom are making a fortune in the "non trades" side of investing. Take a look at yourselves. Do you knock back that ongoing commission, fees based on % of property's worth, tripling of property's value etc. based on ethical grounds.I didn't think so.It's all about s…[Read more]

Areas with good water supplies and infrustructure will be the new 'sea change' type areas if the drought goes on further.

Badgers, you pose a reasonable question and I think you"ve been unfairly shot down in flames.It seems on these forums there 3 types of posters who…1/   like to converse, learn and help freely, no strings attatched. OK.2/   like to converse, learn and help freely, no strings attatched,but a link/pitch to their particular business. This is OK too…[Read more]

Why keep shi**ing on the tradies?What about all the absolutely shameless leeches involved in the property investing caper? The buyers advocate, making their commissions for doing sweet FA in some cases.The mortgage industry with the fat ongoing commissions long after the  done deal.The real estate agents, who often sell within hours of listing, st…[Read more]

Me, 2004 BA Ford Falcon silver SE ute, dedicated LPG, bought new.Me also, 1981 Ford Bronco 5.8L V8, 4×4 yellow/white two tone. Love it.Wife, 2007 Black Honda Accord V6 Luxury with sat nav. Us, a whole bunch of crappy pushbikes too.

Also, the huge employers are not taking in new apprentices by the 1000's every year like they did 20+ years ago.

Arrowsmith,
I think that if you’re unsure of investing in a PPoR, then continue to rent, but make sure you put aside the difference you save by not owning.
I think that 7% PA growth could be a bit optomistic from this point in the cycle, and if rates rise furhter we could see a lot of negative growth.

When you’ve been burnt as many times as I and many others have by tenants who at times have hidden behind bankruptcy, then you see where I’m coming from..
As landlords we cop all the costs, stress and heartache of bad tenants with no help from the very lopsided tenancy laws, whist the culprits can easily go on to rip off the next landlord.
I’m not…[Read more]

Gee, a bankrupt trying to break a lease.
You sound like the perfect enemy to most on this forum.

Hi all. I’ve been buying since 1994. Have 9 plus PPOR at the moment. LVR abt 26%.
Advice to newbies, watch you don’t buy @ top of cycle and don’t be tempted to sell. [biggrin]