Recent content by Mando

Would you all classify the following as a student apartment? http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105908367&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=26544277&s=vic&tm=1249647556 On the surface the yield looks great..... what am I missing here?

Am looking at a potential IP in Melbourne, block is around 700m2 and has a 2br house on it which would rent out easily. The property has already got plans/permits for a 3BR townhouse to go out the back of the block. My feeling is that in order to secure this place at auction I'd need to go...

I hear many say that in order to accumulate wealth you must "pay yourself first" whenever you receive your wages. Two questions here: 1) What is a reasonable percentage? 10%? As much as you can? 2) Is keeping as much $$ as possible in your mortgage offset account considered as paying...

The broker basically said that there's not much to separate the main lenders given my particular scenario, so there'd be no point to swap from one to the other. Anyway... so I ring the ANZ mortgage line this morning.. It left me very cold. After taking all my financials pretty much every...

Before advising that he was leaving the business, the MC broker suggested we stick with our current lender (ANZ) for refinancing to buy our IP. Given that he's no longer in the picture.. Is there any real difference between finding another broker - or simply going direct to ANZ?

Just found out that my mortgage choice broker is giving up the game - effective next week.. No mention of that when scheduling our meeting for tonight.... Back to the drawing board..

DA? Forgive the newbie question...

You may have seen my other threads - we're looking for our first IP with up to $330k to spend. Looking around various Melbourne outer suburbs... Our initial thought was to look for a place which could be easily rented out now, but with a block big enough that over time we could build a...

What do people think of the more mainstream brokers - like mortgagechoice?

I'm looking at these areas as they appear to have a number of properties within my price range. Both are on the outskirts of suburbs that have been growing and so I'd like to think that they'll experience growth over time - am not interesting in buying to sell right away... Perhaps I've got it...

Thanks all for your replies.. seems a fairly neutral to negative response to the areas I'd been looking at - interesting.. So wise people, if you had low $300s to spend on an IP in Melbourne - where would you be looking?

..come now.. 60+ views - someone out there must have some thoughts... :)

Hi all, Looking for my first IP in Melbourne - looking to spend up to $310k A couple of questions: Obviously, being close to a train station is desirable. I've been trying to find places no more than 2km from a station. Does being this close to a station make much difference? What...

Hi everyone, My wife and I are looking to buy our first IP - up to $300-310k. Like everyone else we're looking to get the best rental return and capital growth over time.. The areas we're considering are St Albans and Lalor. Both appear to have good PT connections and reasonable...

Yep.. I was there.. To be honest I thought it would end up going for a lot more..