Interesting finds! Properties for sale

Hello [exhappy]

Happy to see your all positive about this thread…okay so here goes…
South Rd, near Homesglen College of Tafe (ex Edmund Barton Centre) Has 4 houses for Sale in a row! 1 has been sold, but there are 3 still next to each other for sale. Further up South Rd there are 2 weatherboards, on the high and dry position for sale, side by side. I wouldn’t so much recommend these for steady positive cash flow, but for buy and hold or for renovation and sell purposes. The ones near the Homesglen I would, as you mentioned Mel, rent out the rooms individually, make one person the ‘Rent Collector” for the house (this person at a slightly reduced rent rate), who would be in charge for making sure that light bulbs are changed etc etc. I have no knowledge of any major works in the area, but I do know that Homesglen is in the process of building, which can only mean that it had the need to do so! $$$

The other property, is a set of 6×2 bedroom flats, that are neat and tidy, I believe they are currently rented, but the area is a good strong rental area. Good Buses and Train station close by including a very popular shopping strip. It has a lot of potential to make approx 50K-70K per flat for minimal effort (for the creative renovator/investor).
As this property is above the million + mark, if people want it’s details and ID# etc. please pm me as if you are interested for real, I don’t want you to have to compete with those ‘just curious’. The agent knows this is a good property to sell, so he’s not giving up too much (the Auction is this week coming). In fact I was looking for a deal like this prior to doing some other deals, otherwise it would be on my own secret list []
Helen, whilst I’m no statastician and have no hard evidence to suggest investors are rethinking their decisions, there have been many ‘talk back’ radio stations which have ‘property talk’ programs where there was information to suggest what I mentioned, when the investors, including your average ‘mother and father’ investors called in to talk about their investments.
At this point in time, some RE’s are complaining how hard it is to ‘clear’ properties. In some areas, this is not the case, because there are relatively few houses/flats on the market for sale, compared to the demand to purchase in these areas. This block of flats is in one of those areas. Areas/Suburbs that hold their value, usually exhibit this type of behaviour, where demand outdoes supply (eg parts of Caulfield, Brighton, Malvern, Toorak etc). I have found these areas generally retain their value as well. I guess these could be considered your ‘blue chip’ investments.
I’ve also seen some ‘come with your eyes closed Auctions, but realise the land potentials’ come up for sale in Cheltenham. These houses are some scary sights. I’d wear protection gear before entering.
As today was last day of school holidays, I jumped on a train to Frankston with my son, it’s amazing what you see from the back of houses! It really does give a different perspective on things.
Okay, I digress now.
Simon, I’d love to see you at Steve’s seminar, but not sure if I am able to attend.
Hope everyone is well and keeping the winter bug away.

Cheers
Sooshie []

ps. Anyone have some other properties they can’t deal on, but would like to pass on? This is now the thread!

When a problem is created the solution is created simultaneously

Dear All,

There is another property which is a Backpackers Hostel in a great location and up and coming area. If your interested I’ll get you the RE number.

Cheers
Sooshie

When a problem is created the solution is created simultaneously

Hi Jo,

Thanks for enquiring after my Mum. It’s been a rough trott for her (and us too), so I’m very proud of her courage.

The Hostel is not in Victoria and the price should be good (from first glance). It is also in an upcoming area where developements are being done.

PM me if you want more info…

Cheers
Sooshie

When a problem is created the solution is created simultaneously