I think this is the problem with my micro research into one area. In the area I'm looking the population is aging quite rapidly causing an increase in single and 2 person households. The council are desperately trying to accommodate these smaller households and introduce more TH's and apartments. They want older and single persons to vacate the 3…[Read more]

I'd go the house. Has it got much land attached? There is more potential with the house, councils change planning schemes, some areas increase in popularity for development. Whereas a 1 bedder will always be a one bedder. What's the rental return? D

I think also size is somewhat driven by if you have children. You don't need a yard, 2 car garage, 2 living areas and a huge kitchen unless you have kids, dog, cat, 2 cars, inlaws who come to stay so you need a fourth bedroom……..Uhhh yeah….No kids means nice small townhouses! Household size is decreasing so so will house size.D

I thought most of them were around 7.7. Is there much competition in the area or are the inspection fees, letting fees heaps cheaper than other PMs? If you really like them get some comparison rates and try and get them to match them. I wouldn't go too crazy trying to negotiate on price because you want to have a reasonably good relationship with…[Read more]

Hey just found this now…..Yeah 80% Bank of Adelaide. Get a broker. There's plenty on here! We offered a quick settlement coz there was an existing tenant in it who was happy to sign on for another 12 mths. This property had been on the market for a year, so I think they were glad to see the back of it! Let us know what ur doing I probably…[Read more]

Don't worry 1Winner,There seems to be quite a few subscribers to the "Australia's Not Uniquly Special Society" or A.N.U.S.'S for short. They seem to have insider knowledge about some other  tropical island paradise where there are clean wide roads, good health care and schools and plenty of opportunities to buy houses and own business's. Where…[Read more]

Thank you Robbie and excuse my earlier comment as you have obviously found the whole dairy!

Nah I like it, You are very right that we are all part of the market and yes if sentiment is good all our profits go up so we probably all have some sort of interest to push. I never said property wasn't overpriced. Yeah in many areas it is ridiculous. I rent in one of those areas. I was making the point that everyone seems to think that people in…[Read more]

Hi,I don't think anyone really respects something unless they have earned it, houses or money etc. Also your son may feel like he is taking from you. I would never want to take money or houses or anything off my parents, I would see it as my duty to support them! Maybe he has no other way to tell you he doesn't want to take from you apart from…[Read more]

Thanks

Hey Scott do you mainly do units or single houses?

Yeah I get you….. So in essence your costs are 2.42. Sell at 3M. You've laid out 450k out of your own pocket which you will see back when you sell. Not a cost? Unless you are saying the total is 2.9ish (Opportunity cost maybe). You still will sit about 20%, I would go with good!. However when you sell depending on your tax rate is where you will…[Read more]

Hi,Canterbury,Vic? Or NSW? From what I've been told anything above 20-25% is considered a 'probably' go for it. Was it likely that you were going to make more pre GFC? Can you do an executive rental until the market picks up a bit or do you have to sell?What you spent on 1 big house was what I spent building 3 small ones on a block. Mine wont be…[Read more]

Good luck Robbie, Anyone wanna tell him which paddock the cash cow is in?

2 cents here,My sister in law is a teacher in Sydney, she bought a 1 bed apt, couple years ago and has sold it (at profit) to buy a 2 bed (500k approx) She lives alone. My soon to be sister in law is a nurse (just qualified) starting wage (at the ripe old age of 24) is 45k, then her wage goes up EVERY year. Top nurses earn up to $100k. She and my…[Read more]

Yeah see we left a 20% dep and cash for legals, sd etc.  Got any equity anywhere? The buy price on our shack () was $128,000.See how ya go. Got any friends or family who wanna go in with u?Let us know how you go.D

Yeah I heard this argument for living off equity. I wonder how many got caught out in the gfc. It does sound a bit risky for me. But I guess if you have 100 properties or something then you can do it. I like the no GCT part. I've got + and – ips. I think as long as your ip portfolio is doing what you want then doesn't matter. Some people really…[Read more]

Hey,Well with the regional IP we bought we looked at the population and made sure there was enough industry etc to sustain growth and that it wasn't just one industry (mine, or one company). The population was a decent size 12,000 people. When we google eath'd it there was a coles, Maccas few other big names, so they had put their money there.…[Read more]

At this risk of getting a solid head kicking from EVERYONE……you used their solicitor? And the other thing is you probably could have used the word "Lifecorp" a few more times!D

Pick somewhere and look at the figures, will it be C+ or will it be positive geared or whatever you want. Then do research, whats the population like, who rents and what type of house/unit etc. What are the industries in the area. Is there roads, trains, etc. What about schools.Then drive around. nothing beats going there especially if you are…[Read more]