[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

July 30, 2007 - 9:36 am

Hello, 
Frankston maket has been realy moving along lately as most here would know. Here is a couple of links i picked up from the somersoft forum.Frankston and melbourne topic their is quiet polular.I hold one proprty, and are very happy with price increase.

http://data1.reiv.com.au/trendchart/

http://www.theage.com.au/news/national/big-surge-in-house-values/2007/07/27/1185339260581.html

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

June 26, 2007 - 6:53 am

Hi,

Wait until all the superanuation hype and share market plateau,s. I think you will see some great profits around the country.
On the northside of brisbane where i live their has been some great gains especially around the 10 to 15 klms radius of the city. One of our friends was offered $30,000 more then what she had it on the market for.!!

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

May 23, 2007 - 9:34 am

Hello Odenska,

Just wondering how you went with an agent?
Watching the sales in Frankston is like watching a resource share double or triple in a day at the moment so much is selling. But i think their is a long way to go which is good for me because i will be buying more.

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

May 13, 2007 - 12:43 am

Hello Odenska,

I use Ray white in Langwarrin and the property manager is Rebbecca.
http://www.realestate.com.au/cgi-bin/rsearch?cu=fn-raywhite&a=xrw&page=home&ag=XRWLAO

Rebecca Sullivan 0410 575 702

Property Manager

Rebecca Sullivan has joined the highly ambitious team at Ray White Real Estate Langwarrin. With desire, passion, dedication and efficient work ethics in what she does, Rebecca has gained a reputation by landlords and tenants to fulfill her tasks as a property manager.

Rebecca started her field of work in real estate back in 2002, and has gained a lot of respect in the industry. It is her enthusiasm and energetic approach that makes her a step above the rest.

“Whether you’re a landlord or a tenant you can be assured you will receive only the friendliest and personalized level of service you deserve”.

Ray White’s internationally acclaimed name, marketing, systems, tools and training will be the driving force in Rebecca’s ongoing commitment to maintaining the utmost level of success.

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

May 12, 2007 - 6:13 pm

Hello seer76,

My personal preference (because i don't like personal debt.) is to sell and pay debt off and move on to the next deal or three.
This gives me more leverage with banks, and ready cash for "the next big thing". But i like to keep active in the market and move quickly on a purchase. So you can still hold some property for long term but it does not give you restictions on lending. You could then buy 5 properties and watch them all make $100,000. IMO.

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

May 4, 2007 - 8:28 pm

Hello,

By the looks of the market i will be buying more property in melbourne. It mayby hype or media attention or just population growth but i see the pattern emerging before the brisbane boom where property in the inner city in melbourne was more expensive than everyone else and they had to catch up. IMO This is where i will get some more passive income in time.

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 30, 2007 - 9:03 am

Hello Mathew,

I intend to fully honor the contract i was simply asking what my legal rights were if it could be done. The right answer was given by QLD;s007 (richard)

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 28, 2007 - 9:15 pm

Hi,

And thanks for the info, the property is in mount isa i bought it in 03 for $135,000 and its under contract for $385,000. I am not complaining. The rent has gone from $240 a week to currently $560 a week. My concern is that have i sold it to cheaply???
My plan was to pay some debt of ( not unmanegable) and invest in a large established part managed buisness, since it looks like retiremnt age is going to be 70+. So i have 30 years left! By my choice i am not working and dont need to but i find it to boring to sit around at home and play the sharemarket.
So basically my selling intentions is to buy myself a job that i run.

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 28, 2007 - 9:02 pm

Hello  Marc,

I did buy  in frankston in december 06.But the agent i bought from told me a couple of weeks ago that it had appreciated about ten thousand dollars a month. I am a little bit sceptical but then again the area is well talked about here on the forum.
Thought the combination of sea side, new marina and new highway link would also contribute to the popularity IMO.

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 28, 2007 - 1:21 am

Hello FRankfurters,

Just curious to whom is buying or looking to buy in this area. Since last posting here the property market in Frankston is moving quiet strongly,
I would be interested in the latest updates or stories from someone.

Cheers

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 27, 2007 - 6:58 am

Hi everyone,

I know this is an old post but i would like to know if anyone is looking or holding in mount isa. It seems prices just keep going up. Would really like some feedback as i am about to sell a property in mount isa. Not sure if it si right thing to do even thought the price is good in my opinion.

Cheers

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 11, 2007 - 7:10 am

Hello Elka,

I don't mind letting you know but i have in my previous posts posted information on this property
I personally dont class it as commercial but the banks unfortunatly do( 30% deposit). It is an 8 bedroom student accomodation house-set up.
It contains two bathrooms two kitchens common room ,living room and dinning room. It is in Frankston and right accross from the monash university. Each tennent pays $110 per week per room. I supply Internet and utensils. And the electricicty is capped at $400 per quater. I paid $350,000 + costs.
I setteled on the 2nd of january this year and i have spoken to some agents which tell me i could sell for $450,000 .
But i dont know anybody who beleives what agents say LOL.
Hope this helps
Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 10, 2007 - 8:48 pm

Hello,

The last property i bought was in victoria and it was a commercial property ( november). The stamp duty on $350,000 was approximatly $18,000 + costs. I added this onto the purchase costs and i did not mind paying this as the property still returned 10 % + rental return. their are a lot of variables with stamp duty and mine was just one example.

Have a nice day.
Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

April 3, 2007 - 7:56 am

Hello investors,

I have recently tried my hand in the sharemarket and have had some success. Very interesting times in the share market. The aussiestock forums are very informative and they mention property a fair bit to..

Dom

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

March 14, 2007 - 9:45 am

Hello Sanjiv,

I think that with the possibility or approval of new marina, and the highway being built has a lot to factor in it . And i think for a beach side suburb the house prices are undervalued, that could be the driving force.
For the perth company he did not mention the name but i sure with a little digging around you may find the answer.

regards
Dom
[biggrin]

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

March 2, 2007 - 10:51 pm

Hi,

I would like o know a simple question, and that is has anybody opened up a bank account from australia in china?
And transfered money their?
i cant seem to find anybody who has.

Dom [biggrin]

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

March 2, 2007 - 10:40 pm

Hello Hookamc,

Coming from Queensland i have always thougt that melbourne was overpriced before the boom 2001 onwards. I could not understand why their was such a huge price difference. But thats when i picked up my first PI book and started buying in qld.
I have recently purchased in an outer suburb of melbourne cheaper than i could buy in brisbane at the moment. So my personal beleif is that melbourne is now underpriced. But what do i know.
Dom [biggrin]

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

February 26, 2007 - 10:21 pm

Hell paulmeese,

Why don’t you put some of your web site links here so everyone can benefit from them.

Dom [biggrin]

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

February 17, 2007 - 1:28 am

Hi Everyone,

Thanks for helping to find ways of passive incomes. But i thought i might throw other question to you . I would like to start my own business and have been procrastinating over a year where to begin i have narrowed it down to three types of business that bests suit me.
In no particular order i like all of these types of business , Manufacturing ,Technology , and real estate.
Has anyone had or have experience in these fields. And what to expect.

Dom [biggrin]

[salaciousMember@salaciousJoin Date: 2003Post Count: 373]

February 12, 2007 - 12:11 am

High rents lure investors

By Peter Taylor

February 12, 2007 12:00am
Article from: Herald-Sun

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INVESTORS spurred by rising returns and low vacancy rates are returning to residential property and bolstering competition at auctions, agents say.

After a lean recent patch in the investment market, 2007 was shaping as a promising year with early signs pointing to a healthy market, eastern suburbs agent Phillip Webb said.

“We are just noticing that the investment market seems to be getting stronger,” he said.

Century 21 Wilson Pride Carnegie and Murrumbeena director Geoff White said the Victorian market was turning. Speculation the investment market in Western Australia had “overheated” was prompting many investors to re-focus on Melbourne, Mr White said, with the small vacancy rate a key drawcard.

“Good people are missing out (on rental accommodation) because that many people are wanting a place,” he said.

His comments follow the release last week of statistics showing a vacancy rate of 1.7 per cent last quarter while median rents climbed 6.4 per cent in the year to September.

Buyer advocate David Morrell said it was too soon to say if the investment market was lifting significantly, with his business noticing no influx of extra investment demand. But the appetite for quality properties was healthy, with numbers at houses open for inspection at the weekend surprisingly strong, Mr Morrell said.

“It’s like mushrooms growing up overnight,” he said.

But it was “more driven by owner occupiers”, Mr Morrell said.

Mr Webb said the year had started well across the market, with his business recording its strongest January on record. Though private selling had dominated activity over summer, auction numbers were growing and would continue to lift in coming weeks, he said.

The Real Estate Institute of Victoria reported a strong clearance rate of 83 per cent. Buyers forked out $96 million on properties earmarked for auction, buying 125 under the hammer and another 109 before or after auction.

Thought private sales continued to outpace auctions, auction numbers are snowballing as autumn nears, with the 283 at the weekend more than double the 119 a week earlier.

A shortage of stock remained one of the biggest issues facing agents, Mr Webb said. His agency had sold about 40 properties so far this year, but with only 42 houses now listed, there was too little supply for demand, he said.