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  • Profile photo of weniksaweniksa
    Member
    @weniksa
    Join Date: 2003
    Post Count: 8
    Profile photo of weniksaweniksa
    Member
    @weniksa
    Join Date: 2003
    Post Count: 8

    Thanks very much for your replies, i haven’t read the book yet as we have only just found this site and recently started getting serious about investing. weighing up the options at this stage

    Profile photo of weniksaweniksa
    Member
    @weniksa
    Join Date: 2003
    Post Count: 8

    Thanks for your prompt return. as long as we by increasing we can borrow for more, i dont want to be stuck on two for years, but cant rely on equity growth to fund it.

    Profile photo of weniksaweniksa
    Member
    @weniksa
    Join Date: 2003
    Post Count: 8

    only last week a house in a regional centre in SA went for 65,000 paying 130 a week. isn’t that what u guys call the 11 sec rule?

    Profile photo of weniksaweniksa
    Member
    @weniksa
    Join Date: 2003
    Post Count: 8

    hi all, first time on your site tonight and it is great. We are married couples, 30’s with a young family, looking to start out in property investment. To get our start we refinanced our PPOR in Salisbury. We bought this property 18 months ago for 112,500 refinanced tonight for 170,000. the three years prior to that we lived in Salisbury Downs. We paid 79,000 for that and sold for 115,000 3 years later. We are looking at Eliz grove, in fact we may be looking through westans property tomorrow as i see now. I have found, like Bear, that we have to borrow to much to make the deals worth while. what do u think about the likely hood these areas such as Eliz. Grove & Vale, will get a revamp sometime soon, ala hawksbury park/rosewood? I would appreciate feedback from fellow SA investors.

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