Hi yetanothernewbieMy wife and I bought our first IP 18 months ago and like Juder and yourself we wanted to keep the first purchase under a set figure which in our case was $200k. I see you are in Melbourne, well we bought our first IP in Melton about 30km away for $155k (3 bed brick veneer). Okay, so it has a reputation for being a rough area and…[Read more]

I hope it's not one of the two that I'm buying in QLD at the moment Dom  Martin

Thank you Adprop.Your reply was very helpful.  I'm still waiting for a call back from the guy that performed the building report to get an idea of costs. The original asking price for the property was $249k, I negotiated down to $228k. I was aware that a few problems existed, but I just need to to know approximate repair costs before making a…[Read more]

Well done Chefman, … If you'd done the research and everything points to a good investment  then it doesn't really matter what others think anyway.I have just bought a couple of properties in the Ipswich shire and I noticed that you built your units on land in the Ipswich area.One of the properties I bought is a 800m2 corner block with the…[Read more]

Hi Adrian,I'm not sure what's happening in Chermside or if this info is relavent, but My wife and I have just come back from Brisbane/Ipswich area where properties under $300k are moving very quickly. We bought two properties (Goodna & Redbank Plains). We were fortunate that we inspected them withing a few hours of them being listed as if you left…[Read more]