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  • Profile photo of michael@propertunitybuyersagentsmichael@propertunitybuyersagents
    Participant
    @michaelpickham
    Join Date: 2014
    Post Count: 6
    May 19, 2016 - 9:55 pm

    Hi Boko

    I’m from Sydney so my Victorian knowledge is not my strong suit, however, in regards to the 3 or 4 bed T/Houses over a 2 bed, I think it would be wiser to go for size and quality of the 3/4 beds. They sell for more, rent for more and majority of buyers prefer a bit of space rather than a closed in feeling. You could certainly attract a premium and go for PPOR ownership who like to pay a bit more for a bit more typically.

    Cheers

    Michael

    michael@propertunitybuyersagents | Propertunity Buyers Agents
    http://www.propertunity.com.au/
    Email Me | Phone Me

    Real Estate Buyers Agent for Sydney & Central Coast

    Profile photo of michael@propertunitybuyersagentsmichael@propertunitybuyersagents
    Participant
    @michaelpickham
    Join Date: 2014
    Post Count: 6
    May 19, 2016 - 9:45 pm

    Hi Raftim,

    Good question. There can be many answers to this. Have you spoken to your accountant or financial advisor? I personally consider paying someone else’s mortgage off to be somewhat “dead money”. This doesn’t mean that I’m right. If you were to buy one or two properties in a reasonable growth area, you’d be doing better than the cash rate at the bank at the moment although that’s debatable too. Cheers

    Michael

    michael@propertunitybuyersagents | Propertunity Buyers Agents
    http://www.propertunity.com.au/
    Email Me | Phone Me

    Real Estate Buyers Agent for Sydney & Central Coast

    Profile photo of michael@propertunitybuyersagentsmichael@propertunitybuyersagents
    Participant
    @michaelpickham
    Join Date: 2014
    Post Count: 6
    November 18, 2014 - 8:29 pm

    This is true……
    thought i’d throw out some ideas on these forums. May aswell get amongst it. :)

    I’ll call you this week about what we were talking about recently!

    michael@propertunitybuyersagents | Propertunity Buyers Agents
    http://www.propertunity.com.au/
    Email Me | Phone Me

    Real Estate Buyers Agent for Sydney & Central Coast

    Profile photo of michael@propertunitybuyersagentsmichael@propertunitybuyersagents
    Participant
    @michaelpickham
    Join Date: 2014
    Post Count: 6
    November 18, 2014 - 9:09 am

    Thanks Richard

    michael@propertunitybuyersagents | Propertunity Buyers Agents
    http://www.propertunity.com.au/
    Email Me | Phone Me

    Real Estate Buyers Agent for Sydney & Central Coast

    Profile photo of michael@propertunitybuyersagentsmichael@propertunitybuyersagents
    Participant
    @michaelpickham
    Join Date: 2014
    Post Count: 6
    November 18, 2014 - 8:23 am

    Thanks for your reply.
    I completed my due diligence in regards to comparable sales and can easily stack the property to $630-$650k
    You just can’t and haven’t been able to buy a top floor unit in this area for $600k for quite a while. (I buy dozens in this area every year)
    It seems odd that the valuer booked a time with the selling agent to do an internal valuation and just didn’t turn up and resorted to a kerbside.

    Ive never had a val come up short so i’m taking it to heart a bit. :)

    Thanks again

    michael@propertunitybuyersagents | Propertunity Buyers Agents
    http://www.propertunity.com.au/
    Email Me | Phone Me

    Real Estate Buyers Agent for Sydney & Central Coast

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