My dad’s a RE agent & I’ve never heard anything about it…

I had $10,000 to spend when I came out of a job at 20yrs old, I could either invest again (I’d already bought my first place which had the equity to get another one) or just drop everything and go…

I had always…[Read more]

Anyway from an investment point of view, I don’t think it’s particularly passive. The owners of our next door one are there most days doing cleaning/general maintenance work. And it’s very quiet in winter/bad weather – so make sure you get…[Read more]

I don’t know much about Tassie but I have found the same thing occurring in many parts of Central Victoria, where I live.

There have been so many people jumping on the investment property bandwagon that whilst vacancies were almost zero a year & more ago, they are now definately rising.

I actually moved out of home & was trying to find a…[Read more]

When I visit my dad’s real estate agency, every five minutes someone rings up asking “what sort of rent would that property bring?” or “do you have any good investment properties for sale?”

I’m concerned that this will mean…[Read more]

I’m 23, bought my first at either 18 or 19 I think…then bought my 2nd one a few weeks ago.
It’s interesting to hear from everyone … []

Not at the moment, the one I was talking about in the other topic was actually a row of 4 one-bedroom units, renting $70pw each, for $85,000 the lot): town pop only 1000 though.I didn’t see them, but dad said they were in good condition.

That’s why I was thinking it would be good to have a place to tip people about this sort of thing!…[Read more]

This should help separate the genuine deal-spotters from the agents, advertisers etc. (i.e if you are only allowed to post 1 deal per week or 2).

Also, I think the majority of people on this forum would use…[Read more]

Terry, I’m in Victoria. Yes the rules are there to protect vendors (I can see how people could be VERY dodgy whilst doing this!).

I actually bought the property after it’s sale fell through – I offfered the same price so there’s nothing funny going on! But I think there are some special rules governing this – dad’s trying to find out…[Read more]

Tom, I’m sorry- I only came back to the forum this morning – I rang up the agent yesterday to say I wasn’t interested & she said there’d been another offer they’d accept (another lady looked through it after me, and must have made the offer).

Looking more into it, I’m really glad I avoided. To explain further (yes it does all look too…[Read more]

I’ve decided to leave it… turns out it’s been on the market for about 8 mnths which seems a LONG time in the present climate. Vendor has dropped the price by $20,000 – making it $130,000 (returning $290pw). That gives you an idea of how ugly it is!!!

Thanks []

With my first two (it’s actually 1 property divided into 2 separate areas – hence the two tenants), I was 18, had saved up $20,000 and mum’s friend had a place she wanted to sell.

So I bought it privately off her without even looking through it!! I paid $70000 and it’s returning $220pw.

I’m 23 now and want to continue where I…[Read more]

Well this is as good a time as any to write my first post []

I am 22 and struck it very lucky (by chance really) with my one and only IP. I bought it 4 years ago for $70,000… it’s returning $230pw and is now worth $260,000 or so.

Anyway so I am looking to use the equity in it to buy my next property, and stumbled across this site…[Read more]