$2600 plus annual sub – for a mortgage broker you may want to check if your aggregator has a discount. RP Data is not great for apartments….

Shannon – I think we know each other :) RP Data mate.

Cheers Ivan

Yes I do – lived in the states for 2 years and made a few property purchases while I was away, those investments were extremely successful with 2 in glen waverley and one in hawthorn in melbourne. Of course, I had people to assist me with the negotiation as both were off market – I did know the agents which assisted with the off market…[Read more]

Hi there – I don’t see Melton as a good place to invest, maybe to live if that suits you however to invest there are better options and $250k is on the light side even for melton.

You would want to look at a higher price – are you planning to borrow to invest?

It comes down to your strategy, however melton has not produced for the last 5 years,…[Read more]

Hi there – Put simply your val has come back at more than contract price….thats a great result. Valuers are generally conservative and will be lucky to get contract price – valuers generally are valuing apartments lower especially in a ‘high density’ area. Remember their conservative as their arse is on the line, they are predicting a doomsday…[Read more]

Further to Terrys email you can also try Jeremy Gordon – he is based in Brissy, he is an independent barrister and is reasonable. Always there to assist me. I believe he is now back from the UK so you can hit him up.

Cheers Ivan

Terry will take care of you, hope you got in touch.

Cheers Ivan

For an investment I would say no – for PPOR yes – if it suits your needs. Mernda/ Doreen has seen a massive expansion in development with H&L popping up left right and centre – however – my experience tells me they are generally overpriced with huge $$ comms being paid to sellers, particularly when the chinese buy (much like point cook). Further…[Read more]

Hi there – Ironfish sell quite a bit inner city, and FV is definitely the hot spot for over-supply in Brissie.You can contact the developer if it sold out and ask for some assistance for any interested buyers – I assume you paid 10% deposit so thats the big risk…a 1br for $400k …. wow.

Sorry to hear about this but you can also seek legal…[Read more]

Hi there –

First point will most likely to meet mortgage broker and determine your borrowing power – if you are self employed this will be the biggest challenge as your ABN may/may not be older than 2 years.

From there you can determine your loan amount and develop a strategy to invest. Of course this will depend on whether you are buying an…[Read more]

Interesting dilemma – I will prelude the post with “you cannot go to the grave with it” – that is you need to enjoy yourself sometime and the enjoyment you and your family will get from the ‘beach’ will outweight the opportunity cost depending on your situation.

In 2004 – I bought a place, its my pride and joy – bought for $280k now worth $450k,…[Read more]

Hi Gags,

Common question these days.

Key thing to remember is that $18k is a good buffer, your decision will be based on your existing investment strategy which I assume will be documented.

Generally speaking, Depending on your asset mix and stage in life, you can do a few things:
1. Precious metals – popular at the moment
2. Depending on % of…[Read more]

Hi there – sorry to hear that (investing in a mining town that is).

What is the current market value v purchase price? being tenanted is great! however, do you have a borrowing attached?

Depending on the state, the town will driven by certain companies in the area, review the financials/ prospects and determine what the future holds? most likely…[Read more]

Hi Danoz – how big is the apt is sqm? measure the apt in sqm based on price.

I would not invest in Southport or GC in general, for you if you are in sydney this will depend on your knowledge of the area. GC is going gangbusters however the GC property cycle is very unstable. The chinese have moved in just as the Japs did, for how long?

Your…[Read more]

Ok show me :)

I do alot of bad credit loans – from 1 plus day bankrupt to huge credit defaults, there will be lenders for you, however the product and rate will vary. As you have deposit – what about your income?

Your not priced out, however need to choose the right lender to get the best rate.

Cheers Ivan

Hi Argyle – your words above make you a perfect candidate for PT – they pry on newbies. A lesson learned. I would be very careful about investing in Launie or Davenport, prices are cheap however, there is a reason there is no AFL team in tassie (apart from my Hawks!), prices are cheap if you get a tenant paying a good yield, however review capital…[Read more]

Hi mate – sorry to hear you used Park Trent – awful bunch of people.

Cheers, Ivan

I am not sure if that is a pot shot Richard (reading the papers and media hype comment which is inappropriate) but i’ll respond. I have a strong understanding of the market as I would not invest in any area if I did not, re on the spot, i’m in Brissy Wednesday and Thursday and I can read valuation reports. Going back to my original post Mitch is a…[Read more]

I am not sure if that is a pot shot Richard (reading the papers and media hype comment which is inappropriate) but i’ll respond. I have a strong understanding of the market as I would not invest in any area if I did not, re on the spot, i’m in Brissy Wednesday and Thursday and I can read valuation reports. Going back to my original post Mitch is a…[Read more]