I meant his book, although very informative has had the effect of greatly limiting the availability of positive cashflow deals. Thought a book on negative gearing may divert a bit of attention away, giving us more opportunites.

All in all they probably yield less than 3%. There is no real way to add any value and your growth prospects are limited by this.

I agree with depreciator, especially in NSW. If these clowns could survive without stamp duty, why would they need to throw in an additional vendor tax. If I had my way noone could even enter politics unless they had successfully run a profitable business.

New South Wales. I’ve recently used his team and was completely satisfied. I actually learnt a great deal from him, as I was able to monitor much of the ongoings.

Yes good sir Myydral

Depends on whether you adopt Steve proven investing strategy or your own individually tailored one. Yours may well work very well for you. Invest in what you understand (If anything) and you should be OK.

A highly regarded property manager up there told me that in the wet season the population of Darwin can shrink by around 20,000 people. Guess it might bring some bargains if there were forced sellers in this period. Terrible time of year to be up there though, boiling hot, and terrential rain that can last for weeks. Glad I live in NSW.

Guys,
just released our quarterly economic report, anyone want a copy? (Free of charge for forumites of course)

The really good areas are the ones that people talk down. The inner west is a great region and should continue to grow.

Depreciator,
I have also been looking in south Marrickville, not a bad area.

I agree with you that Spring is indeed a very active time in the market place. Do you think it can be sustained into the new year? I really don’t see interest rates rising more than 1%, and really if you can’t afford this you shouldn’t be in the game.

How about someone not from Penrith who might consider travelling there?

From experience, I recently purchased a couple in Pyrmont. I purchased them via my superfund and am just going to take the cashflow. The yields are very minimal, say around 3% and quarterly levies are amazingly high. There is no opportunity to add any value to them and I’ve been told by several developers that they are very difficult to resell. I…[Read more]

Mt Isa could well be a bit of a regional boomer. Interesting area, probably worth a look.

I’m heading up there next week to have a look around.

The best way to find positive cashflow properties is to create them yourself. By this I mean, add value to the property such that it indeed delivers a 10-11% return. This may mean renovating a property such that you can increase the rent.

Indeed mini mogul. Kaye your obviously right, with regard to 30% deposit, I think in this market a little safety net is essential. If you have a 30% deposit you won’t have a problem, a number of my clients have had issues because of the fact they were trying to borrow 90%.

Just keep ticking away. Positive deals are getting harder to find.

Ausprop,

how’s the Perth market going along? Don’t seem to hear much about it.

Tough,

I’m not allowed to support you mate, but you do make a very valid point. What’s good for the goose must surely be good for the gander.