Hi skalle

no its only for Victoria.

i’ve just done some research
you can buy this book for a special $10.95, it must mean the new one is about to come out.
check this link, (i’m still happy to scan and email pages.) but it is a handy book to have for victorians. Might start a new post telling people this
http://www.businessmall.com.au/cache/item-133public.html?cache=no
regards westan

Hi Viralk

the last thing you want is a property that will cause you problems.
The idea is the aquire properties that will make cash not buy empty (unletable properties).

I have owned a house in a similiar area of Tas (clarendon Vale), some areas of Tas are real bad. This property caused me more issues than all the rest combined (i owned 10 at that time). I know a good property manager in Tas she may be able to give you good advice.

Personally i’d walk away
westan

hi suzieq

as far as the hearth goes (without looking at it) i wouldn’t be too concerned a lot of homes have hearths, i’ve never heard of anyone getting sued. Also you insurance (public liability) should cover the unfortunate event.

as far as the stumps go.
It depends on the job needed. If the whole house needs restumping it could be expensive (5000 +), but it may be only a few stumps then it could be reblocked. They lift the house and put a block in to even out the house, a lot cheaper.
perhaps you need to ask the builder how many stumps are effected and if the whole home is in need of restumping. He might give you an idea of how much it is to fix.
Once you have the data you can go back at the vendor and negotiate a discount, he may not ?
You also have to decide how bad is the house. If you didn’t notice it, then perhaps it isn’t too bad. I bought a house that needed restumping but decided not to fix it because it wasn’t that bad. Often builders will mention every little problem, that what you have paid them for. Some things they mention are often not an issue.
westan

hi brent can’t help with all you are after but here is a start
Melbourne prices (median)
1985 75k
1986 82k
87 89k
88 109k
89 132k
90 131k
91 127k
92 125k
93 126k
94 130k
95 129k
96 131k
97 142k
98 155k
99 174k
2000 190k
2001 220k
2002 237k Prelim figures
So as you can see the last boom ended in 1989 then prices went sidewards for 7 years then bounced again. so the overall market didn’t experience a big drop, like many in the media are talking about.
hope that’s a start
westan

Hi all

i’m 39

But i’m really good looking and everyone reckons i am only about 24

westan

Hi Richmond

whats the bet ACA has exactly the same story in a few nights ?

Aaronj
your right it a sensible story would be nice,

westan

hi brimmy

sorry mate like the rest of us you have to do your own hard work. Finding them is half the fun. Sort like when you a single fella looking for a lady[].
You may need to look more creatively because half the country is using realestate.com and other sites.
regards westan

Hi all

To you people that are waiting for prices to tumble i think you will be left waiting. the prices that will tumble will be the inner city unit prices in Melbourne and Sydney.

These are not the sort of properties you should be buying if you are after cash positive properties.

Regional areas prices i expect will hold. After being neglected for years suddenly people are recognizing the absoute bargains that were available. the recent regional rally has just been catch up. As the gov’t looks at housing affordability i expect there will be an increased push to get people to buy and relocate out of the two big cities.
regards westan

Hi Arty2003

in the interest of “if they can do it” i hope this may encourage you.
In 1997 i finished Bible College my net worth was $25,000 i started anew job 4 days aweek on about $35,000 PA. i needed IP’s to help us survive. i was able to buy 9 IP’s over the next 12 months. as these have increased in value i’ve bought more today i think i have 23 (i’m selling some that have gone up and buying cheap ones, 6 in the last 6 weeks).
At the end of the year i’m quiting my job (actually taking 1 year off without pay) as i believe i have enough income that i don’t have to work if i don’t want too. so i’ll relax for a while, buy some more properties, fix a few up and work out what i want to do with the rest of my life.
Hope this encourage’s you that if you buy carefully you can make it, I don’t expect it to be as easy to make money in the next 6 years as the last 6 but who knows.

regards westan