PropertyInvesting.com | propertyboy | Activity https://www.propertyinvesting.com/members/propertyboy/activity/ Activity feed for propertyboy. Mon, 06 Apr 2026 03:46:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 085cd56c1149174cc04bfea5f60981eb propertyboy started the topic Sydney dual occ/sub in the forum General Property https://www.propertyinvesting.com/topic/5087297-sydney-dual-occsub/ Sat, 11 Mar 2023 02:34:44 +0000 Hi guys got a budget of 1.1-1.7m for a property (this budget for the purchase only excludes build). Want to buy property landbank and in 1-2 years build two. any ideas which areas with favourable town planning i should focus on in sydney (ideally not western syd).. Done this before in melb (which seems to be much easier and more sites in that…[Read more]

]]> d17df094e2fda18e49a4e53350ef6a8c propertyboy started the topic Sydney dual occ/sub in the forum General Property https://www.propertyinvesting.com/topic/5087297-sydney-dual-occsub/ Sat, 11 Mar 2023 02:34:44 +0000 Hi guys got a budget of 1.1-1.7m for a property. Want to buy a house and out another in back or build two new ones. Any ideas which areas with favourable town planning i should focus on. Done it in melb but want to diversify and just finding hard to find an area to focus in within my budget

]]> 7968cd9bec05aa22eb0c1327072447b3 propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076954 Thu, 30 Sep 2021 12:35:43 +0000 Yeh but you see i buy my next one on a 3% yield. IM done borrowing capacity done. I enjoy always looking for the next one

]]> b8b6520e94e928c4297387f055955748 propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076951 Thu, 30 Sep 2021 10:47:12 +0000 Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

]]> b8b6520e94e928c4297387f055955748 propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076951 Thu, 30 Sep 2021 10:47:12 +0000 Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

]]> b8b6520e94e928c4297387f055955748 propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076951 Thu, 30 Sep 2021 10:47:12 +0000 Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

]]> f750a3e1db99d44e2e672194de605998 propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076951 Thu, 30 Sep 2021 10:47:12 +0000 Yes but stamp duty is much less, land tax is much lower, yield means dont get cappeD on serviceability. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property let me know

]]> c18dd54d092e96c5e1249b211c864ad6 propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076878 Fri, 24 Sep 2021 06:06:51 +0000 In my experience in aus you are capped on personal income for conventional lending  as resi yields are low and banks stress at very high rates. In uk, you can be on a very low perdonal income as long as its £25k (thats from property distributions mind you also) and as long as property services 1.25x of the interest that is all they test. I Wond…[Read more]

]]> f762907856bb8f8aa7de45f4b9b4cf9e propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/#post-5076878 Fri, 24 Sep 2021 06:06:51 +0000 In aus you are capped on personal income for conventional lending of conventional lending as yields are low and banks stress at very high rates. In uk, you can be on a very low property and as long as property services 1.25x of the interest that is all they test. I Wonder if historic low rates have changed the game and wil make it easier for t…[Read more]

]]> 05363921fdf05044b2afabd294586b49 propertyboy started the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/ Thu, 23 Sep 2021 13:14:49 +0000 Hi guys, ive still got some borrowing capacity.

i have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit -got lots of equity)

 

but have been looking at some regional areas where yields are 7%+ and properties are ~200k. Effectively, i could keep buying and not be capped…[Read more]

]]> 14a2d1945cc8e85c9e483256ba8db088 propertyboy started the topic 7%+ yielding properties in the forum Help Needed! https://www.propertyinvesting.com/topic/5076874-7-yielding-properties/ Thu, 23 Sep 2021 13:14:49 +0000 Hi guys, ive still got some borrowing capacity.

i have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit -got lots of equity)

 

but have been looking at some regional areas where yields are 7%+ and properties are ~200k. Effectively, i could keep buying and not be capped…[Read more]

]]> 80b8562966c0f435d6e8f747fb7a277b propertyboy replied to the topic property syndicate in the forum General Property https://www.propertyinvesting.com/topic/5076852-property-syndicate/#post-5076872 Thu, 23 Sep 2021 06:11:49 +0000 Interested pm sent

]]> 5ceec8dccec951421feea3704d786c6c propertyboy started the topic property syndicate in the forum General Property https://www.propertyinvesting.com/topic/5076852-property-syndicate/ Mon, 20 Sep 2021 13:21:46 +0000 Hi guys, anyone here got a good syndicate I could participate in?

]]> 87e286fc8132f60b54f87f561a0cf548 propertyboy started the topic Receiver in the forum Help Needed! https://www.propertyinvesting.com/topic/5073775-receiver/ Sun, 27 Jun 2021 12:22:13 +0000 Anyone know how i can get in contact with receivers looking to offload distressed property quickly?

How do i find them? I have access to cash and can move quick for the right deal.

]]> 1d764da353b6917edada4714d522face propertyboy replied to the topic Buyers agent for development property in the forum Help Needed! https://www.propertyinvesting.com/topic/5072328-buyers-agent-for-development-property/#post-5072344 Mon, 31 May 2021 08:57:52 +0000 Bayside area

]]> b12b1b243c741bb662bee2e965c0a5f3 propertyboy started the topic Buyers agent for development property in the forum Help Needed! https://www.propertyinvesting.com/topic/5072328-buyers-agent-for-development-property/ Sun, 30 May 2021 11:48:00 +0000 Hi guys,

i am looking for a buyers agent who can help me find an off market development site.

 

that is,  i want to tell them my goal (buy a site and build 2/3 townhouses in a certain area) and have them find me appropriate sites at discount.

 

I am looking for someone who understands build costs, implications of each site and associated c…[Read more]

]]> eee3af21266d3bb2ea969c8884469b26 propertyboy started the topic Investment property near proposed metro trains nsw in the forum Help Needed! https://www.propertyinvesting.com/topic/5072326-investment-property-near-proposed-metro-trains-nsw/ Sun, 30 May 2021 07:16:10 +0000 im looking for an investment property in sydney.

 

either buy two properties around 850k -1m each or one  1.7-1.8m

 

been looking for properties near new metro stations hoping further capital growth once the stations are finalised in 2024 and servicing the areas. -eg punchbowl, bankstown, wiley park, lakemba etc or castle hill, cherrybrooks ,…[Read more]

]]> a568d83e1393b5a7844052b4f2457fea propertyboy started the topic Investment property near proposed metro trains nsw in the forum Help Needed! https://www.propertyinvesting.com/topic/5072326-investment-property-near-proposed-metro-trains-nsw/ Sun, 30 May 2021 07:16:10 +0000 im looking for an investment property in sydney.

 

either buy two properties around 850k -1m each or one  1.7-1.8m

 

been looking for properties near new metro stations hoping more growth once they finalised in 2024 – eg punchbowl, bankstown, wiley park, lakemba etc or castle hill, cherrybrooks , north ryde etc for larger option.

 

thoughts…[Read more]

]]> 638b0ca76eb198d34e19e0128eed3cbc propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072192 Sun, 23 May 2021 02:34:42 +0000 Yes they may have their mortgage in place but its always subject to valuation and lender discretion.

 

Just because a bank has given you an agreement in principle doesnt mean they can’t back out.

 

What is the risk if I buy a non habitable property at auction (with agreement in principle) that the lender may reject if say the kitchen is not…[Read more]

]]> 0d56ecea40774234c31e459b65a038cd propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072191 Sun, 23 May 2021 02:32:28 +0000 So did you buy anything steve?

 

In other countries, cash buyers buy at big discounts as it knocks the retail market and is a bridge to a more liquid sale

]]> b9feca24f871bdcf77d17206bb76b25d propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072121 Sat, 15 May 2021 11:21:21 +0000 clearly states is not sold by an agent or auctioneer but the sherif.

 

Also states the property can’t be inspected prior and no s32 vendor statement.

 

]]> 24bfee5c4c7ccd7c53420dcc4f42578e propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072120 Sat, 15 May 2021 11:19:02 +0000 Straight from the victorian government webpage:

 

Who conducts a Sheriff’s auction?
A Sheriff’s auction is conducted by a Sheriff’s officer, not a real estate agent or auctioneer.

Sheriff’s auctions of real estate differ from usual auctions conducted by real estate agents/licensed auctioneers.

A property can not be inspected prior to auction…[Read more]

]]> 597a478abda52f9301608a44afb48c3e propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072117 Sat, 15 May 2021 01:45:01 +0000 Are you sure about that? My understanding was they are sold site unseen and the buyer has to take on the debt hence can’t go through normal auction process and same warranties around title arn’t provided hence cant use conventional bank finance until issues sorted

 

The victorian sheriff auction lists properties but there is limited stock (only…[Read more]

]]> d26ec04c6a71cb3b7688bfa6a0c23468 propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072115 Fri, 14 May 2021 12:26:59 +0000 However, the question still is there:how do I find sheriff sales?

]]> 2b3802101738feba81e719c202d96e2f propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072114 Fri, 14 May 2021 12:26:37 +0000 That is fine, the price would capture the above in.

 

That is if the property is worth 800k and mortgage is 400k, as long as I pay less than 400k im buying below market.

 

]]> 7cb45c4489f694e999804c06b67b3c61 propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072102 Wed, 12 May 2021 14:03:00 +0000 ?

]]> 277c24e03c6611789e57821010c96738 propertyboy replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072096 Tue, 11 May 2021 07:54:13 +0000 ?

]]> 962ffc660d0b0cc0a9f719bc5e7fafdb propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072095 Tue, 11 May 2021 07:52:14 +0000 Please can you let me know who the main ones are in melbourne/sydney?

]]> f5844d3d78d5617bd09ff290efc1927e propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072079 Mon, 10 May 2021 11:43:00 +0000 Where can i look for these sales? I dont want to bid on something thats going through normal process on domain/realestate.com

]]> 89ccb7aa77fc0801b1b3a0897f6fa0e4 propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072078 Mon, 10 May 2021 11:42:01 +0000 Are these receivers running a usual sale process to non anxious buyers? Listed on domain etc? Where are they listed? If they are listed on usual salE sites and run usual auction process i dont understand why you say they are cash? Most the buyers will bid on basis they can get mortgage to settle.

]]> 8695f96bcb441dc701fac9175e35f8da propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072074 Mon, 10 May 2021 11:01:14 +0000 Hi richard, bit confused – most auctions are purchased by retail investors with 80%lvrwho then have the bank fund the gap. Can you elaborate more on that comment? I appreciate most people bid at auction and dont appreiacte risk that lender may pull out but dont get you comment? Genuine qs – not trying to be smartass

 

eg say i got 2m cash, the…[Read more]

]]> 80649e7c62820c30b678ae4f588b1a36 propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072074 Mon, 10 May 2021 11:01:14 +0000 Hi richard, bit confused – most auctions are purchased by retail investors with 80%lvr

 

eg say i got 2m cash, the retail market is quite wide with couples, families etc with 400k deposit and 80% loan. However, the investor market with 2m cash ready to buy problem assets site unseen and fix the problem is cery thin – well thiner than the 80%…[Read more]

]]> 80649e7c62820c30b678ae4f588b1a36 propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072074 Mon, 10 May 2021 11:01:14 +0000 Hi richard, bit confused – most auctions are purchased by retail investors with 80%lvr

 

eg say i got 2m cash, the retail market is quite wide with couples, families etc with 400k deposit and 80% loan. However, the investor market with 2m cash ready to buy problem assets site unseen and fix the problem is cery thin – well thiner than the 80%…[Read more]

]]> 51eec55224643e06b28cc20e4896b115 propertyboy replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072074 Mon, 10 May 2021 11:01:14 +0000 Hi richard, bit confused – most auctions are purchased by retail investors woth 80%lvr

 

eg say i got 2m cash, the retail market is quite wide with couples, families etc with 400k deposit and 80% lon. However, the investor market with 2m cash ready to buy problem assets site unseen and fix the problem is cery thin – well thiner than the 80% lvr…[Read more]

]]> c8962b57864464f28c1336acebe49b71 propertyboy replied to the topic Buying property without building inspection in the forum Help Needed! https://www.propertyinvesting.com/topic/5061755-buying-property-without-building-inspection/#post-5072072 Mon, 10 May 2021 10:34:56 +0000 How do you get comfort on property that go auction? Do you just accept the risk? Or keep paying for inspection takkng on risk you may lose auction on properties you have sunk a building inspection on

]]> 6aea0712fbb0573d2b3d023159e49d36 propertyboy started the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/ Mon, 10 May 2021 10:20:40 +0000 Anyone bought a property sold by a sheriff?

 

im happy to take risk and buy sight unseen and appreciate the legal risks – however havent seen any recent listings. Anyone know when the next sydney/melbourne listings are coming on or when the auction will be?

]]> dea031e35629d7b34585d709848b296b propertyboy started the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/ Mon, 10 May 2021 10:11:47 +0000 Hi im an ex uk investor and lots of below market deals were available for cash buyers,

Eg

Non mortgeable properites, unihabitable, long lease issues, distressed selers, buying property sigh unseen, property with squatters, receiver sales etc etc.

 

i am struggling to find how i can get below market value properties here in aus – i am a cash…[Read more]

]]> 1f5c2a533fccded8d924a173f620b047 propertyboy replied to the topic Rent payment intermediary/security - NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/5070018-rent-payment-intermediarysecurity/#post-5070023 Sun, 24 Jan 2021 06:21:11 +0000 If I am given bsb and account number how do i confirm the account is a trust account and not just an ordinary account the agent or their reps can pull money ouT of?

]]> fb2768fd25bfb7e9c6c8f2bd6c8694d5 propertyboy started the topic Rent payment intermediary/security - NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/5070018-rent-payment-intermediarysecurity/ Sun, 24 Jan 2021 01:55:35 +0000 Hi all,

I am looking to rent an apartment directly from a landlord in NSW and need to pay a 1-week holding deposit to secure the property. I want to pay this to ensure I secure the property and commit to the landlord as I need to urgently move in on the lease start date.

I believe in NSW I can transfer the 4-week bond direct to NSW fair trading…[Read more]

]]> fb2768fd25bfb7e9c6c8f2bd6c8694d5 propertyboy started the topic Rent payment intermediary/security - NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/5070018-rent-payment-intermediarysecurity/ Sun, 24 Jan 2021 01:55:35 +0000 Hi all,

I am looking to rent an apartment directly from a landlord in NSW and need to pay a 1-week holding deposit to secure the property. I want to pay this to ensure I secure the property and commit to the landlord as I need to urgently move in on the lease start date.

I believe in NSW I can transfer the 4-week bond direct to NSW fair trading…[Read more]

]]> 4cd3f6ed8b8598a163fac587564e21de propertyboy started the topic Rent payment intermediary/security - NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/5070018-rent-payment-intermediarysecurity/ Sun, 24 Jan 2021 01:55:35 +0000 Hi all,

I am looking to rent an apartment directly from a landlord in NSW and need to pay a 1-week holding deposit to secure the property. I want to pay this to ensure I secure the property and commit to the landlord as I need to urgently move in on the lease start date.

I believe in NSW I can transfer the 4-week bond direct to the NSW fair…[Read more]

]]> 4cd3f6ed8b8598a163fac587564e21de propertyboy started the topic Rent payment intermediary/security - NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/5070018-rent-payment-intermediarysecurity/ Sun, 24 Jan 2021 01:55:35 +0000 Hi all,

I am looking to rent an apartment directly from a landlord in NSW and need to pay a 1-week holding deposit to secure the property. I want to pay this to ensure I secure the property and commit to the landlord as I need to urgently move in on the lease start date.

I believe in NSW I can transfer the 4-week bond direct to the NSW fair…[Read more]

]]> 7a729ae6e0787e971ffed5e7b0bdd953 propertyboy started the topic Rent payment intermediary/security in the forum Help Needed! https://www.propertyinvesting.com/topic/5070018-rent-payment-intermediarysecurity/ Sun, 24 Jan 2021 01:55:35 +0000 Hi all,

I am looking to rent an apartment directly from a landlord and need to pay a 1-week holding deposit to secure the property. I want to pay this to ensure I secure the property and commit to the landlord as I need to urgently move in on the lease start date.

I believe in NSW I can transfer the 4-week bond direct to the NSW fair trading so…[Read more]

]]> 1ab0a595094015d77c94833dfb0885bf propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs – mere fact it is on there implies the seller has time to go through a. normal marketing process – no?

I am looking for a win/win situation for me as a buyer and seller looking to move quick, where I can take premium for taking on that additional risk and limited buyer market. Must exist…[Read more]

]]> 0f5e264978886c1e433b61f86be0bbea propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs, mere fact it is on there is the seller has time to go througha. normal marketing process – no?

]]> 0f5e264978886c1e433b61f86be0bbea propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs, mere fact it is on there is the seller has time to go througha. normal marketing process – no?

]]> 0f5e264978886c1e433b61f86be0bbea propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs, mere fact it is on there is the seller has time to go througha. normal marketing process – no?

]]> 0f5e264978886c1e433b61f86be0bbea propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs, mere fact it is on there is the seller has time to go througha. normal marketing process – no?

]]> 0f5e264978886c1e433b61f86be0bbea propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs, mere fact it is on there is the seller has time to go througha. normal marketing process – no?

]]> 0f5e264978886c1e433b61f86be0bbea propertyboy replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068873 Fri, 30 Oct 2020 03:54:07 +0000 How is it a distressed sale if it is on domain? Serious qs, mere fact it is on there is the seller has time to go througha. normal marketing process – no?

]]>