Personally I think you should look all over Australia for the best market. I grew up in the Eastern Suburbs of Sydney and always rented where I lived and bought in the best markets. I have 6 single family houses in 3 different states in Australia (all in different local council areas). I recently wrote an article for hipages about buying and…[Read more]

I think it is always a good time to invest, the question just is where is the best place to invest now. If you think prices in the market you are interested in are going to drop then make offers based on your predicted prices. If they accept you offer and your prediction comes true you are covered and if the price drop doesn’t come then you bought…[Read more]

This is a positive effect of Corona. I own 3 rentals around Brisbane and am interested to hear what is happening the market. I live in New Orleans, Louisiana whoever and miss all these meetups. At least this one I can attend.

Great resource, thanks for sharing Steve!

Where is your property located Dean?

Moving is one of the worst things to do. We moved from Australia to New Orleans a couple of years. The good thing was I always rented where I lived and bought investment properties in other areas (I lived in the Eastern Suburbs of Sydney so this was a much better strategy for me). This made it easy as I just sold 95% of my stuff and shipped 2…[Read more]

I own 6 properties in Australia. They weren’t hard to find, once I researched and identified the area I used Realestate.com and a local property manager to check out the properties for me. That being said the returns aren’t great in Australia so it is hard to find great investments. I know live and invest in the USA as the cost of living is lower…[Read more]

I think it depends on the impact on unemployment. If a lot of theses job losses don’t bounce back then this can cause defaults and fire sales or properties and foreclosures. This will have a negative impact on property prices. If the jobs come back fast and the economy is intact then it won’t have much impact.

If you are buying this house to live in then I think only you can answer the question. It is obviously a personal choice of where you want to live and not an investment decision.

Sydney is super expensive to buy in but the rent relative to the price is low (yield). Another option is to rent where you want to live and buy an investment property.…[Read more]

It seems like you have a good mentor. It sounds like your strategy is flipping, so I will add that you make your money when you buy. If you can buy under market value and have a good strategy to add value then you are reducing your risk. I think to many people buy at or above market value and count on appreciation to help them when they sell.

I believe it is Derek Gehl

It’s a red flag that they are not allowing a building inspection. I wouldn’t go ahead with a deal if the seller did that.

I don’t believe Lilydale topping is available anymore, does anyone still use it?

I would get a good real estate agent who has sold properties to those sort of buyers in the past.

I always use the hipages app. The tradies are vetted and the ones that are available will contact you to quote your job.

I am always logic and never heart. I own 6 single families in Australia in 3 different states (where I don’t live). I create spreadsheets of data and let the numbers talk to me. This narrows down area then I start talking to property managers to learn what rents well and for how much. I then get the property managers to walk the properties for me…[Read more]