Total Members: 148,363

Joff

  • Joff replied to the topic How Many IP’s in the forum Forum Frolic 15 years, 9 months ago

    Matt
    2 x houses in frankston area …. hold long term

    3 x houses in country Victoria ….wait and see

    2 x retirement units Carrum Downs..hold long term.

    Major reno on ppor early next year. Sell for huge profit and who knows?
    bye

  • Property Guru,

    Actually, I feel sorry for those people trying to get a foothold into the investment market.
    There are contant posts here about people running all over the regional centres looking for cash positive properties.I have invested in rural areas,but stopped buying earlier this year to let the growth run a bit on props I had to see where…[Read more]

  • Hi all,
    PropertyGuru, your calculations are correct as are SiS, but a reality check is required here. I own 2 ip’s in the south frankston area,1 valued at 190k-210k and the other 220k.
    First one rents for 180 pw and second for 185 pw.
    that is average for the area for this price range of house.
    Now based on the current valuations the return is…[Read more]

  • SIS, I must have something wrong here,

    $200,000 divide by 769 = 260.7 x 2 = $520.00
    $520.00 per week for a $200,000 house!
    WHERE DO I SIGN!!

  • Great post here,some interesting thoughts.
    Jaffasoft, I went thru the same execises re rural investing as you are now a year ago.
    I travelled around a lot with the family mixing holidays with research.I have now 4 properties in rural areas.
    What i ended up concentrating on was properties within 15 minutes driving from largish centres. IE: Portland…[Read more]

  • Celiva / Mortman
    Re these retirement units,You mentioned finance being hard to get for them.
    Well,I found it to be the opposite.My broker told me her contacts at banks were favourable towards them because of high demand.

    You have to remember, there are different types of retirement villages with different conditions and financial structures.

    I…[Read more]

  • Hi,
    I purchased one this year.the development I bought into is a mixture of 70 detached and semi detatched 1 bedroom units with small sitting rooms that can be used for guests. ( grand children?)in carrum downs
    They can be purchased by anybody, but can only be inhabited by over 55’s
    I bought it off the plan for 132k.It came with remote garage…[Read more]

  • Joff replied to the topic What is your opinion? in the forum Hotch Potch 15 years, 9 months ago

    I remember a post on some forum a few months ago,where the discussion centered around the merits of buying up individual caravan sites in parks and flipping for a profit.That’s when I realised just how this property bubble had attracted “investors” who NEVER consider leaving something on the table for the next person.
    Bye

  • Joff replied to the topic What is your opinion? in the forum Hotch Potch 15 years, 9 months ago

    Well,well Craigster,
    Who’s a sensitive boy then. Nasty nasty.
    It’s exactly your sort attitude that makes the whole concept of wrapping so dodgy.I have done very well out of Real Estate, but have never been that desperate for a profit that I had to go trawling among the less fortunate for it.

    You are full of bad karma fella,I can feel from here.

    Bye,

  • Joff replied to the topic What is your opinion? in the forum Hotch Potch 15 years, 9 months ago

    Hi,
    I don’t post here often, but feel the need to comment on the issue of wrapping.

    I think it is repugnent, and believe it represents all that is wrong about this property boom of the last few years.It really is just another way of ramping up the rent.And let’s face it,anybody that considers signing up as a wrappee is not going to be a financial…[Read more]

  • Hi all,
    I own properties in melb.suburbs and western rural and have found property managers in the rural areas very good.
    For one thing, they usually have less properties on their books to care for compared to the big ger city offices.
    They have a good handle on the local demographics and can be invaluable for investing advice.

    Another thing is…[Read more]

  • Hi all,
    Sheesh! talk about flog a subject to death.
    Good reading but.
    Anyway my property investing has always been about making money for my retirement, not any preference as an investing strategy over any other type.It just happen to fit the times.

    To that end it has been very good ( who could have failed in the last five years?.
    But I decided…[Read more]

  • Joff replied to the topic new accountant in the forum No Subject 16 years ago

    Thanks TP
    Joff

  • Joff replied to the topic DHA Investments in the forum The Treasure Chest 16 years, 1 month ago

    Hi
    DHA houses are definately overpriced at the moment.plus they charge around 13% management fee as opposed to 5% normal REA fees.you are also contractually required to keep it up to a certain (high)standard. The thing that attracts investors is the security of tenacy,they pay whether it is occupied or not.They were a very good deal about 5 years…[Read more]

  • Hi everybody,
    What a great idea this post is. Just returned from some r@r and found it.So if anybody is interested, here’s me.
    Real name is Chris,married to beautiful Michele for 20 years with 3 gorgeuos,georgous children, oldest at vic uni doing sciences.
    We live in Seaford (near Frankston) and live a very secure and comfortable lifestyle.we live…[Read more]

  • Hi all,
    Certain areas or segments of the ip market have driven a disproportinate amount of the upward trends,namely high rise apartments,inner city houses and coastal properties.These are the areas that i think will suffer from any major shake out.That leaves a whole lot of areas left.Of these,not all have had the spectacular gains, and I believe…[Read more]

  • I agree Leigh, lets not all go funny all of a sudden.Seems to me, reading posts on this forum for the last couple of weeks,that there is an inorndinate amount of introspection going on.Yep,no doubt we are moving into the next phase of an ever changing market. But why should that alarm anybody?.The signs of change have been there for nearly 2…[Read more]

  • Youngie/Wildthing
    Don’t worry guys, you are both on the right track
    just by part of this forum and willing to learn. Don’t rush anything.The next few years will see a bit of a slow down in investment activity and growth ,so any urgency to buy into a rising market will be less.
    But, this only highlights how the market is constantly evolving.A good…[Read more]

  • Westan,
    I bought a 3 bedroom in Barkly st for 105k returning 155pw already tenated. Fairly average return I know,but this area, in my opinion has great potential.The whole place is really vibrant with plenty of work.There is quite a lot of housing development going on,in fact one agent I spoke at length with said that values have risen as much in…[Read more]

  • Westan,
    Yep,Portland has got a lot going for it.I don’t mind admitting I probally paid a little too much for the prop there,as there has been a fair bit of action and prices have moved up sharply, but I am comfortable with my hold stratergy.Vacancy rates are extremely low and rents are quite high.
    Methinks you have been quietly sitting on a little…[Read more]

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Joff

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