Thanks for your help every1

Obviously positive cashflow investments are v. hard to find especially in Bayside City Fringe locations – ie. Port Melb, South Melb and South Yarra.

I am currently researching for a friend, Property Developer, and compiling info on current market stats as well as rental returns. I will be in touch with my local agents…[Read more]

Hi All,
I’m also about to begin putting my spare time into renos in Eastern Geelong (couple of blocks back from Eastern Beach)
I’m going to be contacting Council for permits and when applying for loan, am also going to have plans drawn up during settlement period to apply for an additional construction loan.
Going to organise builders to get in…[Read more]

Hi Guilio,

I’m in the same boat – about to start investing in Eastern Geelong (along the beach) in 2 bedroom Victorians and applying for construction loans to extend into 3/4 bedrooms and resell.

Speak to your financier about construction loans or I’m sure there are other members who have experience in this type of development!

My strategy is…[Read more]

Hey Exodus,

Good to see you’ve been reading up before buying up!

Generally the property scene is different in each state as buyers are looking for different qualities.
I’m located in Williamstown VIC and buyers down this way tend to purchase old victorian terraces to renovate, etc.

If I were located in N. Queensland I’d be purchasing an old…[Read more]

Especially because the market has slowed over Christmas and we have begun a new year, I find that vendors are more open to negotiation… I have a property on the market myself and would love to have this sold so I can start the year (afresh) with some Capital Gains and know what I can invest next…
So generally, I think this is a perfect time…[Read more]

Hi Tony,

In regard to your question about low deposit….
It depends on what you’re trying to sell and the way you want it advertised.
Of course a lower deposit is going to be more appealing, especially to young couples purchasing their first home.. but at some point they are going to have to finance the total amount of the purchase costs.

I…[Read more]

Hi Matt,

I’m in Melbourne and think it sounds like a great idea.
Holding meetings every quarter is also a good idea as it gives people the time to progress their initial plans and in a space of time that allows them to acheive!
I would be v. interested in your discussion group

Regards,