I have been watching and reading with keen interest the views and advice of contributors on the topic of “Perth – where to invest”, and am curious to get advice and opinions that may help me get started in Melbourne. I am new to property investment and looking to make a right decision when the time comes. I am mindful of trying to achieve a balance of Capital Growth as well as Positive cashflow. Any advice would be appreciated. Jan
Hi Wingnut,
welcome to the forum. I live in Melbourne, and I have to say that you’ll be hard pushed to find any properties here that are cashflow +ve. However if you buy in the right areas,at the right price, you should certainly see some capital growth. You may find it useful to buy Steve’s second book that gives you some ideas on how to capitalise on a property to perhaps make it cashflow neutral or positive.
Landt.Hey guys,
I’m also in Melbourne, and again just starting out and finding my feet. I attended Steve’s Masterclass seminar today, and have got to say what a fantastic show all the guys put on – truly eye-opening and mind-blowing. Lots of radical inspiration that’s changing my initial thinking, as well as inspiration to drive me to make a start. I’d definitely recommend it to anyone considering it.
On the topic of this thread, I was also searching around melbourne for CF+ opportunities, and not really find anything. I think the problem was that i was looking for the wrong opportunities, and it ultimately boils down to (and please correct me if i am wrong or this goes against your own experience [cap]) searching for problems to solve, rather than looking for a property that will be CF+ without requiring any action on your part. As landt64 suggests, Steve’s second book seems to be a good resource for ideas to this effect.
Again, i’m also just starting, so any suggestions or comments from more experienced investors would be greatly appreciated.
Cheers all,
Craig.
I also live in Melbourne and also attended Steve’s seminar today. Everything you have heard about Steve’s seminars are TRUE. I cannot recommend them highly enough.
I have a negatively geared property in Mount Waverley which I am getting out of so I can concentrate on CF+ properties. It is true to say that its just a matter of solving problems. I believe such opportunities could be found anywhere. However, having said that, I believe such opportunities could be found more commonly out of Melbourne. The other problem with Victoria is the rediculously high stamp duty and land tax. So I am looking interstate.
That’s my 2cents worth. I won’t say I wish you luck because with true property investing there is no luck but rather skill. People who speculate hope for luck. Big difference between true property investors and mere speculators.
Regards
Tigerjavascript:insertsmilie(‘[cap]’)
Cap [cap]Hi! I am from Melbourne & was a mere speculator rather than an investor before (finding this out from yesterday’s masterclass). Do CF+ properties still exist here in Melbourne? I am still trying to grasp that formula – problem + solution = Profit. As what peebles say “searching for problems to solve “. Am also a newcomer in this invest.business.
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