ravi started the topic AirBnB for passive investment in the forum Creative Investing 1 week, 3 days ago
Just hoping to get some ideas with regards to getting an apartment in the Melb CBD and renting it out as an ABnB. We live some distance out of the city and thus want to have something that is basically self managing in terms i.e. hiring a cleaning company who ensures the place is clean and stocked up as required.
Would this be a worthwhile…[Read more]
ravi replied to the topic Cost of Property Valuation in the forum Finance 1 year, 11 months ago
The council rate value that I was referring to was the improved capital value.
The net income over 5 years was property around 120k, however there is no security of lease
ravi started the topic Cost of Property Valuation in the forum Finance 1 year, 11 months ago
Just need some guidance. I am looking at a commercial rental property which is not on the market but the owner is happy to negotiate a price close to valuation.
Spoke to Bank of Melbourne to see who they use for their valuation and got a quote from their recommended valuer, who has quoted almost $1700 to conduct the valuation!
Does that…[Read more]
ravi replied to the topic Good Rental Yield in Melbourne in the forum Help Needed! 3 years, 8 months ago
Thanks for your replies.
So what strategies are people using in Melbourne in terms of investment. Seems rental yields don’t even cover for interest. Property prices seems to have plateaued off or even if it did increase surely it won’t be anything like it used to be.
Thanks for that idea oc, I havn’t really thought of that but something I will…[Read more]
ravi replied to the topic Buyers agent for positive cash flow in Australia/New Zealand? in the forum Help Needed! 3 years, 9 months ago
I am also interested are there any agents in Victoria/Melbourne?
ravi replied to the topic Is this legal? in the forum Legal & Accounting 6 years, 4 months ago
hi,I am also very new here so my thoughts are of a newbie but I can't figure out what advantage it would be to you if you don't want to set it up has an investment property or to claim deductions. Plus the real-estate agent will get his cut as well.