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    October 14, 2004 - 10:20 pm

    Good sir Garrytas,
    you drink on me anywhere in this country!

    You probably shouldn’t have posted that, really copped some abuse for trying to help people out. Do with this information what you will and if your not happy with the returns you can always call one of our friendly NZ buddies and for a fee they will basically eat up your returns for you.

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    October 12, 2004 - 11:11 pm

    Another example of your wonderful attitute Jo…
    Once again I’ll clarify: There are certain times in your life i.e babies etc when buying property is not the best wealth building strategy for the individual. My point in a nutshell was buy when the time and circumstances are right for you.

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    October 12, 2004 - 9:55 pm

    I’d build the duplexes personally. Get rid of the fibro and put up something that will add value to the land.

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    October 12, 2004 - 9:35 pm

    However, my hotspot list for Sydney would probably look like this:
    1. Annandale
    2. Kingswood/Penrith
    3. South Marrickville
    4. Balgowlah Heights
    5. Anywhere in the Eastern Suburbs

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    October 12, 2004 - 9:20 pm

    G’day Monopoly. I’d never be arrogant enough to presume that I knew all. Some of the people on this forum have been around a great deal longer than me and I respect their knowledge and opinions. Could you benefit from this approach?

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    October 12, 2004 - 6:12 am

    I agree with you. Western Sydney seems to have developed a new set of legs.

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    October 12, 2004 - 5:21 am

    I’ve been doing a couple of renovations lately, a very good way to create positive cashflow.

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    October 12, 2004 - 5:19 am

    I’ve read that report. I honestly think there is never a right time to buy, just a time when you can buy.

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    October 12, 2004 - 3:52 am

    I think some parts of NSW are still very goos buys. Prices are a little lower, but if your buying thats good. Look at the inner west, Penrith and Kingswood, and anything you can get your hands on close to the coast.

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    October 12, 2004 - 3:50 am

    You can make money on some smaller units in Darwin. Purely because they are so cheap.

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    October 11, 2004 - 11:00 pm

    Got a 2nd hand copy of Steve’s new book if anyone’s interested in a cheap buy.

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    October 11, 2004 - 10:59 pm

    Westan makes a very good point. Those areas also naturally attract bad tenants i.e those that completely trash your place and do a runner. Although you haven’t named the area I think you may require a little more research. Housing commission areas should not be completely avoided, however make sure you have a stragey in place.

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    October 10, 2004 - 11:53 pm

    Good point Monopoly. I’d try reading the papers and API magazine, they give me ample coverage, however I must say I’ve never introduced the concept of Rosebery, Tasmania to these fine folk.

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    October 10, 2004 - 11:35 pm

    Even I don’t give that stuff out for free! May be able to help you though

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    October 10, 2004 - 11:29 pm

    Hans writes some very interesting stuff, well worth a read.

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    October 10, 2004 - 11:27 pm

    Try non-bank lenders. Steve introduced a very interesting concept that money follows management i.e sell the deal and you may just find a few investors.

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    October 10, 2004 - 11:23 pm

    I share the beliefs of many of my colleagues that the west coast of Tasmania is well positioned for future growth. From Steve’s second book, a very good read, the market down there would receive 4/5 ticks. We have a few additional criteria however, and this market stacks up pretty favourably. Do your due diligence and I think you may find some very appealing undervalued property. Make sure you have a proven management strategy in place for this market can hurt the inexperienced investor. Exit strategies are vital.

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    October 8, 2004 - 5:58 am

    Very wise advice Kaye. It really depends on your budget, can’t really go past the Eastern Suburbs.

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    October 8, 2004 - 5:55 am

    Are you a lemming Kaye?

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    October 8, 2004 - 3:08 am

    Easy as pie…

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