A company has floated shares for a 30 acre land bought 3 km away from new proposed Western Sydney Airport. There are 2800 shares with each share costing $5k and minimum required investment for $50K. The company’s plan is buy and hold for 5-8 years and then sell. The directors keeping 40 shares as profit and no other thing in…[Read more]

Yes land is meter square. :)

I finally took the plunge and bought an IP in Acacia Ridge, Brisbane for $368K. 45 yr old property with little reno required – change carpet, re-paint, mend a wall, re-install termite perimeter. Settlement is in progress. I appreciate all the input I received here. A few questions:

1. Is there a way I can check value to make sure it is a…[Read more]

I finally took the plunge and bought an IP in Acacia Ridge, Brisbane for $368K. 45 yr old property with little reno required – change carpet, re-paint, mend a wall, re-install termite perimeter. Settlement is in progress. I appreciate all the input I received here. A few questions:

1. Is there a way I can check value to make sure it is a…[Read more]

Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
In my expense I include the run cost + interest on (100% loan + deposit + acquisition…[Read more]

Is there a logic or method to evaluate the LGA, Suburb, street to identify the property?

I generally us the historical data to find growth and look at the current properties at market for rest to evaluate yield. I use…[Read more]

A 10%-20% capital growth, below 2% vacancy rate and gross yield of 6%, house with land looks good. Does such properties exist? Lot of BAs tell me that this is not possible and one cannot have both cap growth and high yield.

If such properties exist how to locate them?

Thank You
San

Thanks. I have pulled out due to the negative cashflow. I am hearing from BA’s that its not possible to get positive cashflow properties in metro cities. Positive cash flow will be available in regional area but there won’t be any growth. whats your opinion?

Its now my 9th month searching for my first IP. I have…[Read more]

regards
Santhosh

I am looking at a property close to CBD in Adelaide and there is an house 300 m away on the same street rented to housing commission. Will this affect the value or turn away tenants? Does it make it a wrong investment?

Thank You in advance.

regards
Santhosh

I would like to speak to property accountants based in Sydney. If you are one or recommend one please let m eknow.
@Benny, @Jason – Do you recommend any one? Thanks

regards
San

I was looking at suburbs in 10 – 13 km radius of the CBD. Suburbs like Sunshine, Altona, Frankston etc
BAs charge 10 – 15k and was wondering will I get the ROI.

cheers
San

I was looking at suburbs in 10 – 13 km radius of the CBD. Suburns like Sunshine, Altona, Frankston etc

cheers
San

Have anyone used Cate Bakos services in Melbourne? (www.cateBakos.com.au)

Is is value for money to use a buyer’s agent?

regards,
San

I am looking for investors in Melbourne and Brisbane to exchange notes. I am based in Sydney and willing to join hands to help each other based on local experience.

Thank You
San

Thanks a lot
San

I am looking at suburbs 10-13 km away from Melbourne CBD.

Regards
San

I was educating myself to buy IP for last 3-4 months. I have posted questions here and got good responses.
I am able to research and find area, suburb which are good scope for IP. I live in Sydney and these area are in…[Read more]

I was educating myself to buy IP for last 3-4 months. I have posted questions here and got good responses.
I am able to research and find area, suburb which are good scope for IP. I live in Sydney and these area are in…[Read more]

I was educating myself to buy IP for last 3-4 months. I have posted questions here and got good responses.
I am able to research and find area, suburb which are good scope for IP. I live in Sydney and these area are in…[Read more]

Have you used Right Property Group for buying IP. They are based in Bella Vista. Any feedback will be appreciated.

Thank you
San

Thank you.

regards,
San

Thank you for the great input and explanation. I understood that parking the money in the offset account is not good. I cannot change bank as did a stupid thing to fix the 70% loan for 5 years in 2014. Yes I can for the IP.

My PROP (I am living in) has equity and can use this for a 20% deposit + stamp duty + other fee, for a IP. Are…[Read more]

Doe setting up line if credit come at a price or additional interest rate?

Thanks a lot
San

Is is good idea to take the cash for equity from bank and keep in the offset account and look for property? OR get approval and when property is found get the loan on equity from bank. What is the best way to go?

I am looking for an investment property.I have equity on my current house I am living in. Bank has provided approval to…[Read more]

Thank you for the useful insights. I understand that its all about the property you are assessing to buy and not about the time. Even in a good time you could end up with a bad property. So its all about detailed analysis of the value and growth of the property.

I respect the wealth of knowledge of the people in the…[Read more]

I am looking for my first investment property and own a property on mortgage in NSW with equity for deposit. The content on web, sentiments of people I meet say its not the right time to invest because price is going down, its selling time not buying, the property bubble is going to burst etc. They also give example of over supply of…[Read more]

I am looking for my first investment property and own a property on mortgage in NSW with equity for deposit. The content on web, sentiments of people I meet say its not the right time to invest because price is going down, its selling time not buying, the property bubble is going to burst etc. They also give example of over supply of…[Read more]