bjajcr

i don’t live in SA either. but i know that the elizabeth area has a lot of dab tenant problems. as i said i just sold a pair and have two single in elizabeth. since i purchased the properties one tanant has been in the house for 6 years but the other three have regular changes. i have landlord insurance to cover tenant damage, loss of…[Read more]

bjajcr

i don’t live in SA either. but i know that the elizabeth area has a lot of dab tenant problems. as i said i just sold a pair and have two single in elizabeth. since i purchased the properties one tanant has been in the house for 6 years but the other three have regular changes. i have landlord insurance to cover tenant damage, loss of…[Read more]

Hi bjajcr

i’m thinking that now is the time to invest elsewhere, the returns are not good enough for me in elizabeth area. i’m happy to sell 2 more single duplex properties in Magor st and Guther st if anyone wants them for about 88k, put them on the market yesterday. no i did nothing to them except carpet when i bought them in 1997 for 25k…[Read more]

hi ferris608

i sure would be interested in buying a pair for 120K ijust sold (settled yesterday) a pair in Scott Rd Smithfield Plains (perhaps the worst area in the north) the property was in basic condition i sold it for 158K, to buy at 120K would be very profitable!
regards westan

Hi david U
i agree that sensible investing must have an “exit strategy and a contingency plan for the worst case scenario”. i really don’t like buying in this market, in fact i’m selling half my properties (selling 10)and will reinvest in another market as we have discussed in another thread. My stategy is buy and hold for ever, but when prices…[Read more]

Hi Joff
sorry banner i’m right off the topic here but joff can i ask what did you pay and what rental should you get? i haven’t looked at portland for quite a while but prices keep going up and there is not much available to buy. i was talking to a guy on Sat night who lives in portland he moved recently and loves the place. i’ve mentioned to…[Read more]

hi youngie

my usual stategy is buy and hold. only buy cash positive properties that will put cash in my pocket, like to aim for $30 a week. i also like to buy run down props that can be painted and fixed up that will add a lot to the value. given that there are so many ways to make money in property i would look at all ways but relying on…[Read more]

hi AD

start with my favourate loser story. i bought 2000 shares in CSL on the float 7 years ago for 2.40 each. sold them 3 months later for about the same price when i decided to buy a family home and neaded the deposit. chose the wrong shares because they they recently reached $50 a share could have made 100K, i get a good laugh from others with…[Read more]

hi joff
congrads on ararat and portland, i especially like portland but don’t have any props there. stuffed around last year trying to get a $41k home $2k cheaper when someone else bought it. 12 months later it would sell for $85k.
Anyway i agree with your comments. i also think there are so many new investors in the market when they start having…[Read more]

hi joff
congrads on ararat and portland, i especially like portland but don’t have any props there. stuffed around last year trying to get a $41k home $2k cheaper when someone else bought it. 12 months later it would sell for $85k.
Anyway i agree with your comments. i also think there are so many new investors in the market when they start having…[Read more]

hi ronulas

i have made it a rule not to buy in towns under 5000, but i think there can always be exceptions. for me if the numbers a good ie rental return, then i would look at rental demand some smaller towns you may get stuck with vacant properties during quieter times like winter when not as many people are moving. it is also important that…[Read more]

Hi all
leigh, Queenstown is a great place, my cheap motel was $85 a double and on the foreshore, 50 meters from the Eanrslaw (steam ship) in the heart of town, love the place especially during winter festival. But to buy in Queenstown is very expensive as is Wanaka.
dave i love Christchurch also: a big country town but nice and central to…[Read more]

sorry to hear of your difficulties

us who buy at the lower end of the market in country centers often cop a hard time from people you are Sydey and Melbourne centric, but demand is really strong. i don’t have any of my 20 properties vacant. they are in the latrobe valley, hamilton, stawell, horsham etc. Rental demand at the cheaper end is still…[Read more]

Hi David

i am also seriously thinking of going to NZ to live for at least 12 months just to invest in property. (it will be a great experience for the family also). I’m heading down South, where are you thinking of going? i have to sort out a few things here but should be relocated by January.
regards Westan

hi fullout

sorry to take so long to reply i,ve been in New Zealand. Anyway my email address is westanjohnson@hotmail.com
but feel free to phone me at home on 03 5358 5278
or on the mob. 0415 438 666
regards westan

dave i’ve got no idea what you are talking about, better be careful who i ask it may be his relative. Anyway i will pack my woolies looks very cool on the forecasts
thanks westan

hi alex

i wouldn’t waste you money on a valuer. you should have done so much investigation of prices that you have a better idea of the value than a valuer. all they do is compare with other past sales in the area of similair properties. i think we as buyers must know if we are buying at market above or below. when i refinance i tell the valuer…[Read more]

rental demand is very high in most small towns, i wouldn’t be supprised if the next census shows a return of people to country Vic. Area around me are growing again after years of decline. Areas like Ararat, Stawell Horsham are buzzing even little towns like St Arnaud are doing we even though we are in the middle of a drought. As far as purchase…[Read more]

Hi brett
i’m a bit more positive on the idea.
but
make sure you do all your figures right
there is always more work than you expect.
i bought a house for 3k relocated 100km put a new roof on and it cost 20k, electrical came in at 2k, the plumbing, plaster, i did a new kitchen, the landscaping it goes on and on.
if you plan to do the work yourself…[Read more]

Viral
have a “search” for Tas through the forum a lot of good discussion recent weeks on areas of Hobart and especially where not to invest.
regards westan