So instead of just ignoring any more posts on this "how long is a piece of string thread" I've been sucked into it. Last post on this.According to the ABS bread in 1970 cost 21c, 1999 $2.33. (sorry cant find quick figures for 2009) Has everyone stopped buying bread? And before you say but you need bread to live, you also need a house to live. I…[Read more]

All point of views are valid, contrary or otherwise. Investment is not a religion rather a passion which will in turn elicit passionate responses. When there are similar postings made by people who have only posted once or twice and they all seem to be in agreeance then my inner cynic wonders why they would come to a site and a forum so obviously…[Read more]

Hi all,My advice to all the negative posts on this thread would be to start your own website! You could call it http://www.notpropertyinvesting.com or alternatelty http://www.countingonthepension.com. You could talk about how now is the wrong time to invest, how much money you don't have and how you don't like money, property or shares or investing! I think you…[Read more]

Yeah there will be about 6/7 die hards then others will come and go, and there will probably be a reshuffle of days its on or two groups will form !

Wow this is going to a a great turnout! Seeya all there!

I have to say this particular area is all planned estate (not saying good or bad). The advertising is set to appeal to young family buyers including couples with babies and small children in the tv advertising and the occasional young professional man for that market. The majority of house are 3 and 4 beds and I have looked at the warehouse styled…[Read more]

If you email adam risborg he will email you all the details. If you do a search on the Melbourne get together you can find hes email etc, it's in the active topics. Seeya there!D

Christian will you be coming to the get together in Melbourne, sounds like you would bring a lot to the party especially in Melb with the subdivision bonanza that is going on!

Hahah, need to get a life do I? Too much lurking here? (Too much chatter ) You're the expert Christianb on subdivisions, nice website by the way just looking at it now!D

Yeah look I am super conservative with figures I hate being caught out. I may be out by 5 or 10k but better to be over than under.Plus I would hate to give anyone looking to get started a figure that may cause them problems.D

Hi,I've just been watching one of Steve's videos and he says 10% of the purchase price. He has a 33% rule for reno's I'm not sure if the info is anywhere else on the site. D

Hey all just wanted to get this back in the active part of the forum in case anyone else wanted to come along!D

Hey JacM are you coming on the 4th of Feb?

It costs an arm and a leg, takes forever and having your builder call you and tell you to get rid of the landscaper like today's little adventure is not for the faint hearted! But apart from that it is heaps of fun all the way through and you spend a lot of time on the phone and email learning something new every day! As for the real cost if you…[Read more]

Keep the bath especially in Caroline Springs. Many of your buyers/renters will be families and you will lose a big heap of them. Don't narrow your market. I am currently reno-ing a property where they took out the bath. The only person renting it is a single guy, it sat on the market for ages cos no one would buy it (yay for me) I will be putting…[Read more]

No one liked the phone info? Or the pretty pictures of the area? Or the fact that they have invested not much into it?These are all reasons I buy property!

The covenants might be for a certain time period. And if they are there for reasons like keeping a certain level of landscape or ambiance then the guy might find this a big hassle. The council will send out letters to other residents (if it even gets that far) and then he will probably find that he has 20 or so other residents all opposed to his…[Read more]

Hi,It may not be all new land but you'll probably find that if it is in a new estate it will. Most new estates are aimed at the family market and while they might be close to shops, transport etc they may not be right for subdivision. Yes look for an old house because you will avoid this and probably get more land for your dollar. Some older…[Read more]

I'm going to the $FREE one day thing in Melb. You never know what little pieces you can pick up. No I don't think i will be signing up for the $6k event since I bought a $30 book that told me how the development process works. And yes before everyone jumps on me I'm sure that you can learn a lot etc etc but for me that 6k is part of another…[Read more]

Do a lot of people borrow at 90%? Or do most people leave a safety net of 20%? Or is the idea to borrow as much as you possibly can? We have always done 80%.D