Hi Martin,

You will get divergent opinions on your question – and ultimately whether or not you get value for money is determined by what you do with the knowledge.

For example I know people paid good money and got value for money with Henry Kaye’s course/s. Equally I know people who spent good money and got nothing because they did nothing.…[Read more]

Hi Derek,

Don’t forget that in addition to your $3000 MH will also get a brokerage fee from the bank for each loan product you purchase.

Without knowing your particular situation it (the final cost) could possibly look like this – refinance current loan/s (fee from bank) + line of credit (fee from bank), find property ($3K fee) + write new loan…[Read more]

Hi Gatsby,

I only came in late to this post as I have been away with work commitments and missed you ‘unedited’ post.

Nonetheless the offer any form of assistance stands. Hopefully the issue (whatever it was) has been resolved – if not do not hesitate to contact me.

Derek

derekjones1@bigpond.com

PS Redwing – thanks for the encouragement.

Hi Benson,

I would also suggest that an airconditioner is almost a compulsory bit of gear in today’s world. As a generalised statement we (the collective we) tend to prefer a slightly higher level of comfort and are prepared to pay a reasonable amount for that comfort.

As an example we installed a 2.5hp split system airconditioner in one of our…[Read more]

Hi Blackjack,

While I sympathise with you and your predicament I would stongly recommend you fully investigate the full legal ramifications of what you are wanting to do.

As someone said consult with your office of fair trading or similar, state real estate institute legislators etc so you know what you are getting into.

Bear in mind landlords…[Read more]

Hi Andy,

Over the past 20 years Brisbane has experienced an average growth rate of around 6.2% and Perth 5.08% in average median prices.

Both areas represent good investment choices if you have a long term focus. Brisbane has an advantage in that the wider rental market vacancy rate is about half of Perth’s current vacancy rate.

Having said…[Read more]

Hi Andy,

Sorry but you will need to be more specific as there are huge differences in prices and returns across the coastal areas of Australia.

The ‘chosen’ area will be determined by these factors and importantly also by your budget.

At the moment rental returns in Melbourne and Sydney are on the low side whereas Brisbane and Perth are still…[Read more]

Hi Marisa,

Based on the comments attributed to your property manager I would seriously consider increasing the rent. An additional $10/week = $520 of your money you are potentially missing out on.

On the other hand what is the vacancy rate in the local area and what are the typical tenants like?

If there are a number of vacancies in the area…[Read more]

Hi Boardy,

The attraction is its coastal location and the relative closeness to Perth – from memory approximately 2.5 hours. A train service runs through to Perth and there has been much land opened up in recent years.

Bunbury has a secure future and has a steadily growing population. Employment opportunities are not too dissimilar to Perth and…[Read more]

Hi Marisa,

Being a mining town Kalgoorlie does have significant movements in property cycles. At the moment it is experiencing an upswing largely due to the signifcant improvements in the nickel price and a simalr steadying in the gold price. Aligned with these movements is the upswing in exploration activity.

Kalgoorlie is largely built on clay…[Read more]

Hi DDW,

Try AON – (07) 3223 7400.

Derek

derekjones1@bigpond.com

Hi Jsandso,

Try Patrick Thatcher – Subiaco – 9380 9533.

Being nearby is not essential – his skills as an accountant are.

derek

derekjones1@bigpond.com

Hi dereksam,

As you alluded to in your initial post – you will get conflicting comments. Most of the ‘conflict’ arises because there are many different ways to invest in property and as such different strategies may need different techniques.

In saying that – in you situation I would wear the costs and pay LMI as it means you either have to save…[Read more]

Hi Beerboy,

The single biggest determiner in increasing equity is location, location, location which creates a supply and demand ‘imbalance’ which leads to increasing growth.

The trick is to identify these more desirable localities, buy and then wait (or add value) while the property grows in value.

Counter to this is the need to maintain a…[Read more]

Hi ET,

Ultimately the purpose for joining a ‘club’ will determine whether or not they are useful to you.

If you want to create a group of likeminded people to share ‘war stories’ then you have a club here.

Alternatively you may find there are people living in your immediate area who have similar goals to you – these people can become your…[Read more]

Hi Yack,

Will spend some time looking through Saturday Real Estate section and Real Estate websites to get an idea of property prices in areas I which I own property and an area I am focussing on for the next one.

Will also get in touch with the other unit owners with property in the same complex so we can orchestrate a change of strata…[Read more]

HI all,

Having attended Steve’s course in the past I can highly recommend it. He is a growth focussed investor and has a number of key strategies to assist with property selection. He advocates property as the core asset in your investment portfolio and he has a share fund he encourages investors to use as a means of balancing out their…[Read more]

Hi all,

For some other stats.

http://www.theaustralian.news.com.au/common/story_page/0,5744,8987594%5E25658,00.html

Don’t know if the stories are similar – I am in a rush [biggrin]

Derek

derekjones1@bigpond.com

Hi Stingray,

You can get the QS report done at anytime – certainly in the first four years of ownership so you have time to review your past tax returns if you so desire.

As to whether or not you get and use one that is ultimately your call – I certainly would.

Derek

derekjones1@bigpond.com

Hi Olliee,

How much are Edestiny charging for their consultation?

Bear in mind much of what you want can be found here on this website and there are countless people here who will gladly take the time to answer all your queries as you move along your investment journey.

If you choose to use a consultant make sure you are talking to someone who…[Read more]