Thanks guys !!!!!
Mark was right - no depreciaton (apr over 40 years old)
Very poor return - will cost me about $270 p/w
I can't add value
Kew "jumped" over 50% in last few months (not very much chanse for more)
Thanks to you all for help and advise, I like this forum.
Im new, and Im...
Looks like "Bank Valuation" must be very difficult subject. More than 100 members (some of them probobly very experiance investors) overlooked this post, and only one response.
Any more information ?
Doxa
Thanks Sparky,
-2 bed, 1 bath, 1 car bay, l'dry, 1st floor, 2 balconys, new kitchen, nothing to spend, small street, very close to public transport.
Tenants pay $380 p/w
Price to pay $440k + exp
Yes, bank valuation avalable
Thanks - Doxa
I have proposition to buy 2 bed apartment in Kew, $10-$15k below official bank valuation (my buying agent involve), but i have to make decision rather qickly, before property will be listed to the public.
Any idea, how much lower (in any) bank value the property to secure themself ?
Is...
Can we trust anyone today?
I think money is the most important thing on Planet Earth today for some people. Only profit counts !!!
Doxa
http://www.theaustralian.news.com.au/story/0,25197,23039657-25658,00.html
From time to time, two commercial TV stations (both 6.30pm) show us few single ladys with two or more kids on $35k p.a, as a very successfull property investors. She (They) started investing 2 years ago and already have 9 investment propertys (8, if she was little bit lazy).
Is that possible...
The Y-man,
sorry i did't read yours post properly. Sorry!!
Im new, and I do not know this forum well, but I belive, you can send me "Private message" if you do not want, or you can't to shere more information about your property with every one.
Thanks - Doxa
Tanks for info and advise !!
The Y-man, sorry im not selling. Im still looking for my first IP in Melbourne with hope for capital gain.
Preferably :
- 2 bed, 1 bath, 1 car bay apartament
- no more than 10 km from CBD
- small up to 10 apartaments in complex...
In 2003 price for block of land on man made lake in Princeton Estate (Stirling - Perth), about 8 km from CBD. 420 sq m. was $245 K. Price for biger blocks ( about 580 sq m) not on the lake - $200 K. It was very slow start, nobody wanted to buy. Today price for same blocks - on lake $700 k -...
Question to more experiance investors. Is it to late to buy investment
property (apartment) in inner CBD area in Melbourne or Brisbane ?
Do we reach peak price already, or we still have some room for capital growth
Very much appreciate your information and advise.
Thank you - Doxa
Kenneth, sorry
Inner Circle sold 130 blocks, and 25 propertys on plan in Truganina (VIC) for
very hot audience in Perth, promised them very good capital gain in 2 years.
It was very attractiv proposal for Perth investors.
Block of land for $150 K in Perth - impossibly.
Sorry for confusion...