Thank You everyone for the opinions.
My Budget is 400k to 450K.
Looking for townhouse 2 or 3 bedroom within 5km to 10KM radius of Brisbane CBD.
I guess if the market is really hot, Its probably not a good time to buy.
Dear Joey…Yes you can do that Just work thru slow and steady and you can reach the destination.
Try to find a property thru which you can add some value by doing cosmetic renovation i.e paint, carpeting etc..
I agree with what TerryW has said…Good Luck!!!
Personally I like to stick within 20Kms CBD and to find a positive cash flow property is impossible within this range.
I don't like to invest my money in outer range suburbs as their are some issues regarding capital growth, tenants and too much land available. If you can find a positive cash flow property around CBD area..Good…[Read more]
I totally Agree with Dave Ward..100%..
I own an investment property and was thinking of building townhouses on that BUT after the research I found Better off just do some cosmetic renovation and hold the property as long as I can to create real wealth.
Real wealth is created by holding properties long term..
I guess sometimes its better to buy a property do some cosmetic renovation and then rent it out..
when building one really doesn't know which way market will slide in future if you are planning to sell.
But good luck with your search
Stay away from cranbourne too many vacant properties and rental properties..
I am from Melbourne thats why I am saying that.
Try if you can buy something in south eastern suburbs of Melbourne example
Camberwell box hill blackburn mitcham nunawading etc..
opinder replied to the topic Melton, Brookfield is it a good long term area in Melbourne? in the forum Help Needed! 7 years, 6 months ago
STAY AWAY….Good luck
Hi Jamie..Thanks a lot..
But should I be worrying over the low range valuation..is that any type of alarm bell??
The other problem was the recent sales which wasn't any available plus this property is Investment property too.
Hi Peachy..Thanks for the comments.
Its true lesson learnt hard way.. I have finally sacked the property agent and got a new one and getting things back on track.
Its just the world now is full of greed and ignorance and these ppl make you learn in life.
In life one always learn lessons…
Atleast i have sacked him n got a new one and now learnt and gained
knowledge which will help me and I can pass on to ppl
who are regularly being scammed and double dipped.
But one thing these ppl should always remember
Whatever goes around comes around…
Thanks derek.. He only charged me management fee and Annual Service fee But no letting fee.
But annual fee was charged annually with everything covered. But i still dont think it was fair anyways I have got a new manager now which is good
The tenants never moved out when I bought this property. Original tenants in place all the time.
Despite of that I was charged with Annual fee. This was my first IP and first time rented out.
When he gave me the contract he did mentioned on that annual fee but I thought that was common.
I really feel frustrated and betrayed.
Thanks guys for the reply..Much appreciated..
I suspected that…I have lost 2 weeks rental twice like that..basically got ripped off.
when I asked him to manage the property the property was already tenanted. So i wouldn't have been charged anyways at all.
Sometimes you trust ppl and they break ur trust.
ANyways the property manager has been…[Read more]
In my case where Iam looking to build/plan something at the back
of existing 3 bedroom dwelling. who do I need in my case
sueveyer or planner . what is the diff.
Can you explain pls.
Thanks once again
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