When your sentence said "in these areas" I was waiting for a list of areas you were considering. There are thousands of people that invest in all areas. Depends what your strategy is. I see you mentioned CF+. Do you have means to create it or are you just hoping one will fall in your lap[ ready to give you an income for day one? I have friends…[Read more]

Lino in bathroom? Sounds strange. I only tile bathrooms, floor and walls to ceiling. I like carpet in the bedrooms (so do lots of renters). I have polished floorboards in some living areas. I am yet to see how they stand up over time. I also have a few with carpet throughout. Staining is a problem.Polishing is a lot cheaper. I prefer the polished…[Read more]

I beg to differ. If they introduced you to the property they have a claim.When you sign there is a section that asks "were you introduced to the property by anyone other than the selling agent?". 

smsfstrategies wrote:
Property has proved a relatively secure investment over the past quarter decade in Australia, with returns above 8 per cent in some metropolitan markets,

And where would that be??Come on. You're going to buy property because it has had good returns for 2 1/2 years???Good on you for starting to think about your investment…[Read more]

USA70 wrote:
. After contacting the company they have got what it looks like I am after.Adam

Which is???

n_green983 wrote:
At this stage we will be keeping all three. Though that will be continually evaluated as time goes by. I do understand that ideally we would sell both, pay down PPOR as much as possible and then re-draw to re-purchase more IPs making the majority of interest deductible, however at this stage we are just going to rent both IP's…[Read more]

ajago5 wrote:
I may be paranoid but I'm starting to think the bubble isnt a myth.. it does make sense ..what goes up must come down..especially with our excess dept.

Really? While property does not go up in a steady stream it goes up over time. It is VERY difficult to time the market. As they say "It's not timing the market, It's time in the…[Read more]

photon2157 wrote:
By investing in low income areas, are you foregoing capital growth in favour of cash flow?

I don't believe so. But suburbs vary. Many people will only invest within 10km of CBD as they say this is where CG is highest. For many suburbs that is true but not all. When prices rise it is usually a ripple effect so outer suburbs…[Read more]

Yes. Claim interest, rates, insurance etc against the rent. The rule applies as long as you don't buy another property and claim it as a PPOR as you can only claim one at a time (well there is a 6mnth exemption).Move back in for a while then you can do it all again.

hbbehrendorff wrote:
Maybe its less to do with the media and more to do with the fact that getting $350 bucks a week rent on a house that costs $650 a week to hold onto isn't such a good investment after all. I think ppl are slowly waking up to the fact that property in general is far overvalued

If you think that's what investing in property…[Read more]

Hi Hawk- What will you bring to the table? ie do you have money/expertise in renovating? So you want to joint venture so you can buy more expensive properties? renovate more quickly (with more people)? There are a few groups in Sydney that meet regularly. The Right Group is one which meets in Rosehill (Parramatta) every fortnight. You may meet…[Read more]

Portfolio PI wrote:

jamesw82 wrote:
. rent for a 550k house is approx $630-$650 per week

Nothing stunning in that.So you'd be buying for Capital Gain then?

What's the matter with baby boomers? I'm one and I'd listen to me. I was always told "listen to those who have what you want or are where you want to be". Obviously they know what they are doing. There are many different paths to property investment. Read as many books as you can and work out the right path for you to achieve your goal. Work out…[Read more]

Do you mean you are looking at changing Strata management? I did that with one of mine. The management was HOPELESS. I was very happy with one of my others so rang them and they helped me draft the letters for the EGM etc as I didn't know how to go about it. Look at how big the company is. How many staff they have. How many properties each staff…[Read more]

Most are houses in Western Sydney. One villa. One unit and villa will get a reno when the tenants move out (new kitchen, paint, update bathroom only).

I know a few good ones.  There are many buyers agents in Sydney and recommendations would depend what you are looking for. What's your criteria? And what is your price range?

If your strategy is buy, reno, sell I think you need to be in the higher cost areas. eg reno a $400K place with $50K and sell for $600K. VS buy for $200K with $20K reno and sell for  $280.  Just fudging figures but you get my drift. All my reno's have been on properties under $218K. Reno cost from $6-14K with increased equity from $30K-$65K. D…[Read more]

All sounds good in theory. In practice my Potts Point unit (TINY) has gone up 50% in 3 years. Had no trouble refinancing it last year at the higher price.7.9% yield. It's my most favourite purchase. Very low vacancy rates.

unlockgroup wrote:
Thanks very much. I assume you are referring to depreciator.com.au? I will contact them – thanks very much.

Yep. Sorry about that. I've had all mine with them. Very professional.

I'd suggest sending an Email to http://www.depreciator.com and ask whether it needs redoing. I have found them to be very good and would advise you correctly. If the place is only 4 years old the original company should be able to update it??? Not really sure how it works regarding resetting anything. Surely the value is the value? sorry, can't be of any…[Read more]