Thanks for the reply, much appreciated. I tend to agree but I can’t help but feel that given the massive difference in median price that F.North will catch up at some point? In any case, most of the better quality properties seem to be around the areas you mentioned. I have had some feedback on Carrum Downs being a little ‘industrial’ for…[Read more]
I’ve been looking down toward the Mornington peninsula for my next place. Some of the coastal suburbs like Seaford seem to have quite low gross yield and prices have had a bit of a burst recently. Frankston is kind of in the same boat, however Frankston North (despite the socio-economic status) seems much lower median with good yield and…[Read more]
Thanks for all the input and replies.
For those it affects or are interested, Margaret Lomas’ lobbying has successfully scored a slot on A Current Affair tonight, Tuesday, 3rd June regarding the issue.
There are 20 councils in Queensland discovered to be employing this practice so the ongoing case in Mackay and subsequent ramifications…[Read more]
Whilst I’m sure many of you are already aware of this, I recently found out that Brisbane City Council are charging investors more for their rates than they are charging owner occupiers. I wrote a message on their Facebook page, with theirs and my subsequent replies which I’ve posted below:
Me – Can anyone there please give a plausible…[Read more]
I personally went up to Brisbane and "interviewed" six different agencies for my SE Qld properties and for my Logan property I decided on Pure Rentals. They charge a very competitive flat management rate are friendly, on the ball and knowledgeable. Katie manages my property and she is fantastic.
Jamie M wrote:
I've read a number of books and articles that say you should always at least ask the question to a prospective broker whether they are willing to refund a part of their commission.
Without sounding rude – I'd politely decline the business.
It's not rude, that's your choice. I have to say…[Read more]
I've read a number of books and articles that say you should always at least ask the question to a prospective broker whether they are willing to refund a part of their commission. As they are all well aware, the best commission and their long term income is provided by the trailing commission and whilst I personally would never ask to garnish…[Read more]
Tonight on 60 minutes there was a segment on property prices dropping by up to 40% within the next few years. How do you rate these kind of comments with the current situation? I can foresee further price drops, and although I'm no expert, it does seem a little drastic to throw around figures of 40%. Thoughts?
Thanks for all that info.Mick – Almost finished that book now. Great read! Went to a free seminar last night just to get a heads up on the other side of the coin (negative gearing). Their premise was basically that positively geared properties are great, but hard to find and generally only in regional areas where growth isn't as good. Trying to…[Read more]