I think brokers are great too ) Mine helped me and my ex out when we had no clue what we were doing :o) I think forging relationships with people who help you out is incredibly important. For me, property investing is not just about money and finances- it’s also about building relationships []

kay henry

Bearsy,

Seems Queenstown has made lots of capital gain! I think this is true for the cheapest places in Australia. Below is a pretty good article with lots of info

http://www.theaustralian.news.com.au/common/story_page/0,5744,8145794%255E25658,00.html

kay henry

Well, as an Aussie myself, I am not sure that wayne and diclem speak for every aussie in their perspectives on Jenman. Just like the head of the ACCC, Samuels, is generally brought in to speak about unethical business dealings, so Jenman gets to speak about RE ethics- it is kind of his specialty after all…

Jenman is not an object of derision…[Read more]

Mark,

It depends on what yer looking for. Some banks won;t loan you money for less than 50sqm or they’ll ask for a whopping deposit. But 50sqm isn’t that tiny, really. In sydney, 50sqm can get you a one-bedder with a balcony!

Whilst there’s not much good to be said of these investments, there’s also not much good to be said of a shack in the…[Read more]

**** gucci and beary sitting in a tree…****

hehe. Ashley- I love stupid questions- they’re the only ones I can answer! As for me- yes, I work full-time. I decided long ago, that I can only do what I want to do if I have an income to support it. Plus, my organisational skills are not the best and the buying and selling of properties does my…[Read more]

That’s “brokers”, not borkers!

kay henry

Speaking of borkers, my financial provider just told me they won’t deal with brokers anymore. apparently, they’d been lied to by brokers- told the loan applicant was working when they weren’t etc. I thought brokers were the new way for people to get loans usefully (i used a broker myself before they were banned by my lender!). Seems some financial…[Read more]

sis,

Where did you purchase your IP’s? How have they doubled in value over 9 months?

As for me, no pozz IP’s, but 3 IP’s I am happy with ))

kay henry

*pats the rabbit* :o)

That seems like a good improvement, rabby. Guess I was just thinking that if one puts in a carport (extra $20 rent) plus aircon (extra $10 a week), plus cable (+$5 a week) plus plus plus! Guess if we do multiple “improvements” then the rent can get too big, no? They may just go to a place that has all those “features” to…[Read more]

booboo,

Type in the name of the location into google.com (australia only site).

As in “real estate blah”. Or go to realestate.com.au and type in some of the general locations you’re thinking of. The latter site can be outdated, but it can let you see some of the RE’s in the area, and what kind of prices the blocks of units might be.

The rest is…[Read more]

sis,

Bear and Bruce have differing opinions on where and how one finds deals, and the purpose of paying spotters’ fees. I’m sure we can respect that. You don’t need to speak for others about the way we read topics. If you are annoyed with Bruce, discuss *your* annoyance. As for me, I expect differing opinions on a forum such as this- it’s the…[Read more]

a house with no carport is like a fish without a bicycle []

I think these days, tenants have greater expectations. People would have to live fairly poorly to have no carport on a house, but I guess lots of sydney people park on the road. But sydneysiders will pay any amount for nothing at all really- lower than low expectations.

I figure rolf de…[Read more]

(o_0) hehe

It may not be up to you. Some valuers for financial providers do drive-by valuations. Many though, would enter the premises. If they do so, I guess they’d be looking to see that the place is well cared-for, with no holes in the walls etc.

Valuations are basically done on past sales (minimum of 3 in the same location for the same…[Read more]

toystory,

A quick look at the website looks like thewy’re just advertising for a lot of OTP apartment blocks all over australia. Presumably they just market out to developers- no bid deal really. Question is- do you want to buy a new generic apartment(also known as “B” grade unless they have distinguishing qualities from all the other apartments…[Read more]

hehe Matt, you plagiariser []

kay henry

foston,

You’re right- everywhere does have its bad areas. I guess people responded and mentioned certain things because the question was asked about the area. We all wanna defend our area, but sometimes, it’s good to get a bit of inside knowledge too :o)

kay henry

Bassla,

You haven;t provided much info, so I’m just guessing here, but:

* ask the RE to send you photos (scanned) and perhaps you can ask them to do a “virtual online tour” of the place- dunno if they’ll go for the latter, but you can ask.
* check out everything you can on the net about the town- google.com is your friend
* ring up RE agents in…[Read more]

Adam,

Personally, I think it’s a fine idea, but some people have certain ideas about intellectual property, and not spreading information around etc. You could possibly negotiate with Steve- it’s a possibility to do the thing you suggested- good on you for thinking it up- even if it doesn’t manifest. :o)

Given that there’s many ways to make…[Read more]

awww Matt and Prop,

Happy Christmas to you both :o)

kay henry

Namaste,

Friendliness always wins over meanness :o) It’s just a matter of identifying people on here who mean well, and are able to communicate. The others are fairly dismissable. Some can’t help themselves. But it’s Christmas! And maybe people will turn over a new leaf for New Year!

Fond regards,

kay henry