Hi Amelia,
Start with searching for “house cleaning Melbourne” and see what pops up. Most will be domestic cleaners, but most also offer a “spring clean” service. And if your words have them saying “Oh no – we don’t do THAT kind of cleaning, just ask them if they know of a company who DOES!”

If there is a whole lot of junk still in the…[Read more]

Hi SB,

Welcome to propertyinvesting.com I note you already have some ideas of what you do and don’t want, so that is good. I can’t help you with Melbourne, but I did want to acquaint you with this :-
https://www.propertyinvesting.com/how-to-invest-in-real-estate/

You might have already seen it – but if not, DO devour all of the amazing…[Read more]

Hi Terry,
In respect of this answer:-

2. depends. You will only be able to claim one of the houses as the main residence and get the exemption. So you would generally reassess things in a few years and see which one has grown the most.

I had previously heard that this “nomination of PPOR” can take place like you said – years after the fact,…[Read more]

Hi Ren,
Although I have never done it personally, I believe that building a property has more restrictions re lending (e.g. lower LVR? Loans issued as work progresses – but what happens if you strike a snag? Will you have the spare funds to address any such issues?). With limited funds, I don’t think your situation could handle that kind of…[Read more]

Hi Ren,
Although I have never done it personally, I believe that building a property has more restrictions re lending (e.g. lower LVR? Loans issued as work progresses – but what happens if you strike a snag? Will you have the spare funds to address any such issues?)

Instead, I see the benefits of buying to reno in already settled areas.…[Read more]

Hi Judith,

Awesome post !! Wanna share more of the story? I, for one, would love to hear it.

Benny

A new investor (@markae) was using the forum as a sounding board, putting his thoughts “out there” about what he was planning, and seeking responses from more experienced investors.

BuyersAgent (@knightm) responded with a very useful and considered answer, and here it is:-…[Read more]

Hi Barlow,
The BIG savings were made where people would make half a monthly payment every fortnight. This effectively makes 26 payments per year instead of 24 (2 per month). Depending on each lenders calculator, the story might change.

Like, if you were to make weekly payments, would you pay 1/4 of a monthly payment each week? Or would the…[Read more]

As I said earlier, I can’t help at all with Melbourne and surrounds – I’m Brissy based, and have only bought in this area.

Maybe look at listing your “must haves” to see if your purchase price can get those. As Jacqui mentioned, you won’t get all of them for $250k, so tell us what MUST be and what can drop off. Or look further out (e.g.…[Read more]

Hi Ajay,

I will anyways engage with property adviser at some point.

Yeah, getting a good team around you is a smart move. This seems like it is early days for you, but do be on the lookout for advisers to work with – you will want them in place before you make your first purchase.

Meanwhile, keep on reading, asking, and researching – as…[Read more]

Hey Richard,
That sounds quite harsh…. I had the impression that Ajay was simply conversing with another forum member (JacquiM).

I know Jacqui is a Buyers Agent, and I presume Ajay would have noticed her signature too. But in the context of a forum post and reply, Jacqui appeared to be providing a bit of guidance to a new member. As…[Read more]

Hi PG,
Since this is the “Buy Swap and Sell” forum, it would be good to know if you are buying or selling….. ;)

Benny

Hi PG,
since this is the “Buy Swap and Sell” forum, it would be good to know if you are buying or selling….. ;)

Use “Edit” to make the change to your original post and I will delete this post of mine after you have done so

Benny

Hi PG,
since this is the “Buy Swap and Sell” forum, it would be good to know if you are buying or selling….. ;)

Benny

Good reply Ajay – that helps immensely. I will now leave it to others, as I have no idea of Melbourne and surrounds, but there are plenty of people on here who do.

Good luck,
Benny

Hi Ajay,
Welcome to Property Investing website!! Good to hear you are planning to invest – would you share with us your plan?

e.g. are you looking for positive geared older property? Or is negative geared OK if Equity jumps are likely? Houses, units, or either? Big land requirement? Are you OK to renovate? Buying in cities only, or…[Read more]

Hi CI,
Do a Search on “Coomera” and check out the threads re that suburb. Pimpama is the next suburb North, and is likely to be treated similarly to Coomera.

There is a HEAP of land around Pimpama, so no scarcity value. And, with the kinds of OTP (Off the Plan) offerings I have been hearing of, there are no bargains there. No…[Read more]

Hi CI,
Do a Search on “Coomera” and check out the threads re that suburb. Pimpama is the next suburb North, and is likely to be treated similarly to Coomera.

There is a HEAP of land around Pimpama, so no scarcity value. And, with the kinds of OTP (Off the Plan) offerings I have been hearing of, there are no bargains there. No…[Read more]