[-K-Participant@-k-Join Date: 2005Post Count: 14]

January 13, 2010 - 11:21 am

Thanks for the feedback.

At the moment, it looks like a decent purchase. The price doesn't appear to be inflated, judging by recent sales in the area and current ask for similar styled units.

Of course, if prices soften when it comes time to settle, it is still going to hurt. However, the area appears to have potential (around Parramatta – which appears to have a lot going for it).

It would be a speculative play, but even it won't break my bank if I end up having to hold it even after completion. Although the ideal is to sell for an adequate return before I have to settle.

[-K-Participant@-k-Join Date: 2005Post Count: 14]

March 21, 2006 - 1:43 pm

hi nick.

name’s nickey I’m in a similar situation as yours. 25, and looking to start investing in property.

i don’t know about other ppl, but I’ve learnt a great deal from visiting my local Mortgagechoice broker. I think thats a good place to start, and they should be able to help you out in most aspects.

I’ve talked to a Aussie home loan agent as well, and they were equally helpful. I’m going with the Mortgagechoice broker though, as he seems to explain his recommendations and inner workings of banks/loans in more detail.

Good luck on your endeavours!

[-K-Participant@-k-Join Date: 2005Post Count: 14]

March 15, 2006 - 8:58 am

The reports offered by Residex looks rather promising, and it seems to be what I’m looking for.

Unfortunately it doesn’t seem they have complete data for WA, mainly NSW and QLD.

Has any other forum readers used Residex before?

[-K-Participant@-k-Join Date: 2005Post Count: 14]

December 16, 2005 - 12:10 pm

brc,

brilliant! that was exactly what I wanted to know. thanks!

[-K-Participant@-k-Join Date: 2005Post Count: 14]

December 14, 2005 - 10:44 pm

Dazzling,

I’m not nitpicking on the 11 second solution. I wanted to know how it works out an approx. return of 10.4%

I’m new to the world of property, and investing in general. A tool like that (11 sec sol’n) would certainly be helpful in filtering out a huge chunk of properties out there. But I’d like to know how it works out the return, so that I am able to modify it. I.e. filter properties that may provide 8% rental return etc.

[-K-Participant@-k-Join Date: 2005Post Count: 14]

December 14, 2005 - 9:10 am

i know what the formular is from the book, but i wanted to know how exactly it provides a gross rental return (ignoring other factors)

e.g. why don’t i divide by 3 instead of 2, or multipy by 2000 instead of 1000.

incidently, why isn’t the formula just the weekly rent multiply by 500. isn’t that simpler ?