Recent content by dubjohnston

People invest in Elizabeth / Logan for the cashflow rather than CGs. Yields are higher here than anywhere in Melbourne (house on land +500m2). I live in Melbourne and love it, but in terms of yield, its rubbish. I agree with much of what Feihong says. Low yields will keep lids on prices...

Job losses are just starting and its because the last 6 years had no economic control and now that spending has to be reigned in and spending cut. Australian's have a bloody nice life and welfare is extremely generous. The effect of wage deflation and job losses won't be felt til 9-12 months...

Wrexter, You are in a good position with your age, income and equity. Be ambitious and don't let anyone say 'you can't'. Because you have so much time left in life, you could buy a potential development block (with house) and rent it out. You have +30 years til retirement so have plenty...

with wage deflation on the cards and higher unemployment, I can't see how property prices can continue to go up.

totally agree. not being able to search land size function on the map is a real loss. it was by far my most used search. Domain doesn't do it well either. Big opportunity for a new player to enter the market here. ps: the changes and leaving out functions is by no means 'dumbing down'...

You will be classified as a non-resident for tax purposes. Make sure you take that into consideration with any calculations.

I'd be surprised if the development went ahead. It seems a bit far fetched. I bought the cairns newspaper the day it summarised the 10 large projects for the area. The Aquis development was No.1. What made me sceptical was the $500m project for SCONI. I actually have shares in the company...

Deltaberry. You need am much higher yield that the interest rate due to other costs (maintenance, management, etc). Although I don't know your depn position, I would be extremely surprised if in the 1st year the $2m example above was cashflow positive (all income less all expenses). Also...

I think Thornbury is a bit pricey but the trent may continue outward. Plus, if council gets high st right, it could be a Sydney rd type of street (without as much old world character). But most of Northcote is close to rail and trams and the city. It has a good vibe and feel. High street south...

Pins. I think you hit the nail (pin) on the head when you said 'priced out of brunswick'. I mean, look at Thornbury prices now that everyone wants a peice of Northcote (the high street area). Preston for long term growth could be ok too. Thats amazing re the one cafe in brunskwick. The council...

It should never have been quoted at $600k. Thats a rort by the agent. I hate agents that knowingly do that and have dobbed in several. One I made an offer on higher than the high mark, wasn't accepted and then not changed online. Spoke to the agent about BS estimates and still did nothing...

location of the port Melbourne one not ideal. Main road but on a service lane (I believe). But on the sth melb side so absolutely rentable at a good yield. http://www.realestate.com.au/property-house-vic-port+melbourne-114163771 The Fitzroy one was in a good location...

Despite being in a good pocket of Richmond, they paid way too much. In June, a 3 br, 2 bath single terrace, no renovation needed house sold in Port Melbourne for $517k. On Elgin Carton a 3br two storey with small courtyard sold for $715k. Its moving around a fair bit in inner Melbourne...

Strongy, been a while since such a deal occured in Balngholm. Hard to get a house on acrerage for less than $1m. Non peak traffic and the new freeway means Mount Martha is a much shorter trip (time wise) than it used to be. An hour is definitely do-able. I have't travelled the new freeway...