Good on you, Engelo!  Even if all you did was buy one property every 10 years, you'd be ahead of the pack!

People always need somewhere to live.  End of.  There will be peaks and troughs in the market just like any other.  But the variations just tend to be less dramatic than those of the stock market.  Of course, if you buy with a bad LVR and something happens and you are forced to sell, it might not end well.  But buy in at 80% LVR, it is unli…[Read more]

No it's 30c in every dollar.

Certainly have a chat to your local council to understand the zoning of the two properties.  In other words, what would they allow you to build on them if the existing houses were knocked down, and a an alternative, what the minimum block sizes would need to be if you decided to carve them up into pieces and sell them off.  You'll also want to k…[Read more]

shoooshoo wrote:
i read on the forum that someone in blackwater was trying to sell their property for 12months and couldn't sell it.??

Who cares if the thing cost $8k to buy and the government forked out $7k of that?  This person has bought themselves for a measley $1000…. an income stream that has gone up and up.

With a P&I loan you are required to pay interest and a portion of the principal every month whether you want to or not.  Alternatively you could pay interest only and put the extra that you otherwise would have forked out per month on a P&I into an offset account against your P&I loan.  The end result is THE SAME.  In other words if you part wi…[Read more]

The general gist is; the seller of the house loans you some or all of the money.  They might choose to do this in order to secure a quick sale, or perhaps they don't "need" all the money right away.  For example: an elderly person might need to sell their home in order to buy a place in the nursing home… but the nursing home spot costs less t…[Read more]

You might want to consider that the 10-15km radius is not the only place – and indeed not always the place with the most – capital growth in terms of property values.  As such it might well be so that you could cast your net a bit wider in regards to schools.I can speak highly of the dedication and performance of the teaching staff at Werribee…[Read more]

Hi MattdesignerMay I ask what kind of fees are involved in the program?  I think their strategy is a great one and have wondered what the pricetag is to learn from them.JacM

Similar question to requesting this Saturday's Tattslotto numbers Those areas have certainly enjoyed a big growth spike – probably due to their proximity to the already-existing Laverton Station which got upgraded, and proximity to the forthcoming Williams Landing station (and yet another due to be built in Tarneit).  Be wary of buy and holds…[Read more]

I agree with Terry. 

What are the public transport amenities like?  In other words, is there a train station that can take your tenant into Sydney CBD to the employment hub?

Take a look at Tempe.  This one's on for just under $600k and looks to be in very nice shape:http://www.realestate.com.au/property-house-nsw-tempe-107511396Worth sniffing about to see if you could get a place that needs some work for a bit less….

echelon6 wrote:

JacM wrote:
Because the expected extra value growth in the first year alone is 2%.  That's $2000 per $100k of starting value.  So a house worth $500k at the start of the year you would expect it to grow an extra $10k in the first year in the 7.5% growth suburb.  That might not sound that interesting, but when you think about th…[Read more]

If you hear just one sentence from someone that makes sense to you, teaches you something you didn't know, helps direct your thoughts onto the most appropriate types of investments for you, helps you ignore silly property investing myths and align your brain with investment styles that will actually get you somewhere – or even just gives you the…[Read more]

Who is managing your property and why have they ordered aligning of doors without your say-so?  This is a non-urgent repair.  Check your property management contract and have a word to your property manager about your expectations.  Green bins are normally optional and charged as an additional by council.  Call your council and find out if you ind…[Read more]

Because the expected extra value growth in the first year alone is 2%.  That's $2000 per $100k of starting value.  So a house worth $500k at the start of the year you would expect it to grow an extra $10k in the first year in the 7.5% growth suburb.  That might not sound that interesting, but when you think about the fact that over the years yo…[Read more]

It really depends on your strategy.  Some areas have great capital growth but terrible vacancy rates (ie high).  Are you looking to do a buy hold and rent … or a buy add value and sell?

No I do not think he is out to rip people off.  He's a genuine honest guy who has worked his butt off to get where he is today.  He does not need to rip people off as he has already done very well for himself.  I'd imagine he's keen to share his knowledge further with others to help them on their own paths in life.

I've attended a course under Stephen Tolle before.  Very knowledgeable chap, and very genuine.