Recent content by MeowMeowCat

  1. M

    triangular plot of land

    Thanks everyone for the contribution. If I were to make an offer, likely to start with 15% lower than the prices of the surrounding areas
  2. M

    triangular plot of land

    Hi, Seeking some opinions here. Do buyers typically offer lesser for a triangular plot of land? size is around 800m2, 3 sides 9of the triangle are equal. Frontage is wide.
  3. M

    Passed in at auction- how to start a negotiation

    Sorry, if this is the wrong platform. But there's more traffic here:) I am interested in a property that was passed in at auction. I would like to start a negotiation. At what amount should I start talking? It was passed in at 500k (not the actual amount). Should I start at 500k? 500k is...
  4. M

    Good Primary/Secondary School

    Public or private? Public- I read about St Helena secondary also viewbank secondary (has excel class, I think) at rosonna
  5. M

    should I be wary of this conveyancer

    There's a conveyancer association in Victoria, I checked his name and it's not there.
  6. M

    should I be wary of this conveyancer

    No worries, macca446 The conveyancer in question is a freelancer. Is there any act governing them in Victoria? You do not need a license to practice in Victoria, as I am told.
  7. M

    should I be wary of this conveyancer

    no offence to anyone, convenyancers are not regulated from what I know. But large sum of money pass through their hands. In my case, if I decided to buy, I will be handing over my downpayment to him!
  8. M

    should I be wary of this conveyancer

    I got the contact of this conveyancer from a casual friend. I had him to check on several contract of sales. 4 or 5 months back, he started to recommend properties to me. Out of 1 that he recommended, he said that it is direct from owner and the owner happened to be his aunt. I freaked out...
  9. M

    Where do I start in Melbourne?

    Yes, I started off looking at those suburbs. Looking at a sale price of minimum 1m. Did a simple mental sum I/O Loan repayment of say 6% @ 60k Rental income of say 2k (conservative side) @ 24k The holding cost is 30 odd k conservatively per year Too expensive to hold till kid is...
  10. M

    Where do I start in Melbourne?

    Yes, looking at state schools
  11. M

    Where do I start in Melbourne?

    Havent spoken to the mortgage broker. Gut feel is around 5 - 6ish. Looking at inner city townhouses- brunswick, clifton hill, North mel, footscray Eastern suburb like ringwood. Sorry that I am all over the place. . Still researching before I can zoom into a specific area. When you...
  12. M

    Where do I start in Melbourne?

    Hi I have been a silent reader for quite a while. My investment aim is to build equity and looking at a time period of 5years. I would like to move into a good school zone area using the equity gained from IP in 5year time. I was told that it's hard to find positive gear properties...
  13. M

    Western side of Melbourne

    Lohon, I am also looking for a PPOR and have a budget of $450k too. Looking to stay for a few years and convert to IP. I am looking at the same areas but spend most time looking at new suburbs like Point Cook, Tarniet, Williams Landing, etc. In these areas, I get a newer house (not...
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