Recent content by BDM

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    House for Removal

    Hi -I'm not sure if this is the right section for this or not, but.... I have a 4 bedroom house for removal available in Mount Waverley, Victoria. My wife and I would much prefer that our house was taken away and used rather than have it demolished.... it's far too good to simply take it to...
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    To buy or not to buy

    Hi noeyedear, I am in a similar situation here in Melbourne. Prices seem to be rising before my eyes. Therefore, having a bigger base / starting point to begin with is obviously the way to go. However, in my situation, my employment future is uncertain, thus while I certainly qualify for...
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    What is a Healthy Rent Yield?

    Hi Able, I guess it's all relative - what may be "a healthy rental yield" for some might be unhealthy for others, and yet also might be "super fit and astounding" for others again. Some investors are happy with a < 3% yield, and others will not purchase if the yield is under 12%. Each to...
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    The Interview #11

    Hi there, Best thread ever !!!!!! Thanks heaps and piles and lots Keith and Ruby !!!!! BDM
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    My progressive story

    Hi Ben, As far as past and potential future capital growth is concerned, the suburbs you mention have been and are more than likely going to be fantastic. You probably can't go too far wrong in that general area. For what it's worth, I reckon two bedrooms are better than one - but that is...
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    How much life insurance cover do others have?

    Hi OSS, My wife and I each have enough life cover to pay out our total debts. That way, in the event one of us moves on to the great real estate agency in the sky, the surviving partner can pay off the debts, and live on the rent and equity. If both of us should happen to fall into some...
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    Investing Strategies.

    Hi Compleks, I think you are on the right track - set yourself a "main" goal, and break it up into smaller steps / goals so it is not so daunting. For Example - Main goal = $100 K per year income within 10 years. At roughly $200 per week rent ( ie approx $10 K ) per property means you...
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    Signing a Contract

    Hi Sam, May I suggest a variation on your "finance" idea ? Subject to finance suitable to the purchaser Another option, depending on the circumstances, might be, Subject to approval by the Business Partner of the purchaser That way, you and your better half can bounce your ideas...
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    Agents commission

    Hi Goddessk, Do you have to sell at all ? As Dazzling has mentioned, given the boom in Perth over the last couple of years - presuming you've owned this property for at least part of that time - you're probably sitting on some nice equity. Can you refinance to access some of that equity...
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    Top 100 suburbs in Australia

    Dear Waverly, Thanks heaps for the link ! Most interesting reading :-) BDM
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