Oh, & check out Property Investor magazine- there is a quick list in the back on median prices for suburbs and rental returns. YOu can also look at RP Data- a bit more cumbersome but up to date. They call the agents on the weekends to get their auction results….. I used to be an agent.

Brendogs, you seem a bit confused. You set out talking about subdividing then renovation then buy & hold but then you shy away from it all.
If you have a good team then I wonder why you have not purchased already?
Yes, the market is a bit bouncy in Melbourne- but it is a good time to buy.
I have been pondering responses to "when to buy"…. 
A lot…[Read more]

How much rent are you talking about? Were there any steps taken before they left to get the rent?
It depends on what you are looking to achieve.
In Victoria, you can pay around $30 and go to VCAT- you can get the bond paid to you.

Terryw is correct- states have different cooling off periods.
And DO what Scottnomates says – get legal advice asap.
If you are in Victoria – you get 3 days cooling off – that is to take the contract to get legal advice on it.  If the agent has told you to sign it- then I am assuming you have not had legal advice because your solicitor or legal…[Read more]

Sounds like a great return on the face of it. 
Do all your figures- you will need to take into account body corporate- if its City Central then I might assume it is high rise so there will be body corporate and other costs associated.
I had similar type investment for sale close to university but could not sell as the figures when all was taken…[Read more]

And I dont know what is going on with the changes to planning in Victoria. I dont know what impact this is going to have.
I would be very cautious at this stage going into something for “development” purpose until I understand more of how this is going to pan out.
Hence the reason for my next meeting focussing on this issue.

But really again I…[Read more]

Mick, this sounds all well and good.
The question I have is about YOU. Do you want to move? Ok so you want a bigger house to accommodate a new baby. And there is always the nesting thing. How many mums have I known – or how many mums to be did I see at opens.
To do something like this is a big thing to do- while involving the family. Like do you…[Read more]

Here is information on Dean and Elise Parker:
http://www.propertysystems.com.au/reno-expert-dean-and-elise.html
Hope that helps you

How did you go with the handy man?
Did you find one?
I can suggest someone who can point you in the direction of good handymen.

Hi Sonny, did you find a lawyer to help you with this?
What are the issues?
Do you mean a lawyer to write up the agreement or is the tenant in the property and not making the payments for the outgoings?

Commercial property is very tricky isnt it.

Kristen – you are such a wealth of knowledge!
What a breath of fresh air!
I would agree on the data and statistics- you can look at the numbers but it does not give you the feel or the “vibe” as Michael Caton said in “The Castle”.
I keep saying here – you get soooo much more from walking around that you cant get from google or from magazines.

I…[Read more]

Hi Mikesone- did you get any replies to your post?
How did you go with this?
Where about’s are you located?
I do know someone who can help point you in the direction.
if you are still looking- PM me.

Yep, Barry all correct.
Better off running competitions to get your leads- at least they are part way qualified.
And cold calling is a hard slog from one who has done plenty of it…………
Gotta just love rejection!

Where is Victoria Park?
I would suggest that the best time to reno is about before you have the tenants move in.
You still wont be able to claim any deductions as this is before the place is earning an income. Your place needs to be earning an income to claim against before you can claim. See you accountant- you will need one who knows about…[Read more]

Mike – you are a very popular person!
Its nice to see a few genuine people on this site helping others out.
I hope all is well with you……………

Liam T How did you go? Did you find someone to help you out?
Did you end up investing in a mining town?
Streamlining investing- that is a great idea. I am not so good at spread sheets so must dust up in my excel skills.
I am thinking of investing in such a place – I like Gladstone as I dont see it just dying when the mine moves out………….

Maybe try ebay?
Or other sites … Has Rick Otton got a site?

I have had some experience with Metropole strategists but wont post here my views……….
Happy to have a private conversation.

Jenny111 – you must be so confused!
There are many ways and strategies to use in property investing.
Perhaps its a good idea to sit down and think about what it is you are wanting to get out of property.
You have posed some great questions here – and questions that dont often get asked – are overlooked until the ink is dry on a contract – then…[Read more]

A contract is a contract is a contract- the 4 corners of the contract stand and that will be according to contract law. Yes, it may well work differently because different “standard” contracts are used.
The way Real Estate is handled in each state will be different.
I know things are different in NSW- the process is different- and with the…[Read more]