Great post.I'd love to buy a bargain, but in Melb atm there really isnt much movement in prices.I'd love to know where all the much touted price drops are beacuse the areas I'm looking vendors are still seeming to get pretty much top dollar. Any sites are well overpriced and any price drops that are happing to stale properties are just taking the…[Read more]

Like that!!! It's ok to b a bit scared on your first one, but don't let it keep dragging you down, or you'll never get to where you want to be! Congrats on getting engaged tigermiger!Cheers everyone!!D

Hi everyone!!! Sorry to the people I didn't say hello to earlier! Beedie, those are amazing, I love the finish. Gorgeous….. Hows the market? Whats your guide prices out of curiosity? Hows your profit my friend? Very jealous, all I have is my cheapo reno I just finished! ;P BTW if anyone's interested I'll be talking about it at the next APN…[Read more]

Haha, I've been away too long! What a laugh!The tent thing! Hilarious! The big recession probably is coming, for America, since they spent all their money on rubbish like bombs. Can't eat those. Australia will cop it to unless we start building some major infrastructure and create new jobs and industry. Keep swimming, even when it gets tough in…[Read more]

Thanks for the slap veseli,Your advice was also quite general, being to "buy the cheapest house in the best area, and spend at least $50k and you will make $100k back". w0mbat was after advice on renovating courses and where to get materials. There are alternatives such as having local builders build kitchens or to get quotes from them on project…[Read more]

Good points veseli,But, if I spent $128k buying the whole house, I think spending $50k on it would be a bit of a waste of money. In the area I'm doing mine, a flat pack Bunnings kitchen and fresh paint (who cares who did it) and some new bathroom bits such as putting in a tub ($145) makes me about $30-$50k on a $10-12k input. Smaller profit but…[Read more]

Lol Jamie! You beat me to it!Flat pack kitchen from Bunnings, Flat pack laundry trough from Bunnings, all in one bathroom vanity from Bunnings, misc materials Bunnings, Plants Bunnings lol Customer of the year here Mitre 10 in regional areas are ok and Home Hardware store in regional areas as well. Find the handyman, ask him for quotes and then…[Read more]

If you are looking for a 'how to' product Dean and Elise Parkers kit is pretty good.Other than that, some of my tips would bePinch the real estate agents tradies, such as plumber, electrician, handyman. They will generally be cheap reliable and will know where to get cheap materials etc. Let them know who you are, that the agency gave you their…[Read more]

Hi Reeeen,How are you going with all this? Some councils will let you subdivide on tiny blocks, such as Doveton which has a 200sqm minimum block size. But…… and its a big but, it depends on the block. Where are the easements if any? What overlays are there, if any? do you have any large trees that council may decide at a later date that they…[Read more]

Here it is, it'll need tweaking http://wolfeythemogul.blogspot.com/D

Win!I've cracked on with renoing our 'crap shack' which was a +geared property in Colac, Vic. Needed stacks of works so have been driving the 2.5 hrs each way with the 2 kids in the car to paint and rip stuff out. Fun Settle on our PPOR in 3 weeks! YES WE FINALLY BOUGHT A HOUSE TO LIVE IN!!!!!! I am excited.We find out next Tuesday (26th July…[Read more]

Hi All,Good thread. I'm sucked in. I've started a blog and I'll put the link up here. I did a lot of writing last year and will upload that file too so everyone can see what the past year was like CheersD

Great Nathan! Thanks for the pics!I'm in the middle of doing something similar (the house even looks a bit similar) in regional Vic. Its great to see people are getting in ad creating wealth! Jamie, my hubby HAD to have the 370Z….. it's not sensible, but it is soo much fun to drive D

Hi Elisey,Can you put the link up? Plenty of perfectly good houses have been ruined by a poor description or really bad photos.What's your target market? What do they want? Does your property have these things? Is your agent proactively speaking to people when they phone up, or come in?Good luck D

What a great post Nathan! Thanks for putting this up there. I've just started a reno to shift a property of ours that has not sold, this info is great to know. Particularly the bathroom bit. You are right about Bunnings kitchens being a lot cheaper, I'll be keeping some of the existing cabinetry and replacing only the cupboards under the sink, all…[Read more]

Scott, I'll help you with offloading some of that heavy, heavy cash….I can even take gold bars, look, I will if you need me to. That acreage with a really huge hedge. I really want a big ass hedge and someone else to cut if for me, so I can look at it everyday and go, wow liking that hedge! Being a millionaire (50 mill for me please) is really…[Read more]

Insight had a great episode lately that had a professor from Stanford Uni against a room full of climate change skeptics. The skeptics shot him down in flames. There is so much wrong with where the data comes from, how it is collected, the groups (IPCC) who collate the information and data into reports….. it's a long list.Then you get the…[Read more]

Even better Jamie!D

Sash,Do yourself a favor……. HAVE A HOLIDAY I've been working my way through Ian Flemings books. The James Bond books are completely different to the films <br /:)” title=”>:)” class=”bbcode_smiley” />D

Oversupply? Limited capacity for growth in both rent and resale price?I think you have answered some of your own questions…… "There are a number of these units for sale" …….. says something. If you wouldn't buy it as a first home buyer then the resale market is smaller, only investors. You still have to think of your exit at the same time…[Read more]