Recent content by newbieinvest

When buying the Muswellbrook property I also looked at a place in Woy Woy on the Central Coast. I wish I had bought it instead. I would have about $100k in growth by now if I did. Prices in the Woy Woy, Umina and Ettalong area are going great at the moment. If only I could go back in time. I...

I bought an investment property in Muswellbrook about 5 years ago. Because of the downturn in the local property market my property is worth less than what I paid for it. I bought it for $252K and I am told by the agent it is currently worth $235-245K. I'm told by the managing agent that...

My tennant has just asked for a rent reduction. While this won't impact me too much from a cash flow perspective it certainly adds to my disappointment in my muswellbrook property. I keep reading about real estate growth in almost every region except the upper hunter. I'm in for the long term...

For every person I speak to that says "Stick around, more good days ahead" I speak to another who says "Get out while your can". My gut tells me to keep the property and see what happens.

I could but don't want to at this stage. Property is not a major interest of mine so don't want to limit cash flow at this stage. Looking to get another property in about 4-5 years.

Things have been up and down in Muswellbrook for the last 3-5 years and to be honest if you bought 4-5 years ago your capital growth would be next to nil with the recent downturn in the market as a result of dropping coal prices and it impact on the local market. I recently had an agent do a...

I bought most of the stuff at fantastic furniture so wasn't worth selling. Gave most of it to the local vinnies store and sold a couple of higher value items on gumtree (fridge, washing machine and dryer). The vinnies store loved me. I gave them 3 double beds, two lounges, dining table and...

I bought a place in Muswellbrook about 3-4 years ago. Did really well out of the furnished property rental boom from the date of purchase until mid 2013. Since then I have rented the house to a long term tenant who i am really happy with but rent went from $525 per week (furnished) to $290...

I am currently renting a furnished property in Muswelbrook for $525/week. I have my doubts that it will continue beyond the current lease that expires in late August. Does anyone know what is going on with all the different projects that were planned for the area? What about the power station...

Not sure what you would describe as regional but I bought in Muswellbrook about 2 years ago. At the time of the purchase I was not even looking away from my local area (woy woy) but then noticed a lot of projects being approved in the Muswellbrook area. Decided to look closer and formed the...

After meeting with a couple of local agents I have determined the following: 1) Apparently I would be reasonable attractive to an agent once the training was complete. 2) I now have no interest in working as an agent. Work/life balance seems to suck and wages are not that good except for a...

I was thinking of doing just that. This way I get some exposure to the job without making the full change. If its not for me so be it.

Couldn't work out which section of the forum to put this on. Sorry. Anyway, I am currently working in the insurance industry. Have done so for nearly 15 years. My main role over this time has mainly been around the assessment of personal injury claims and settlement negotiation. I am now...

She is in NSW

A friend of mine has been renting a property for the last 6 years. She is a single mum with a daughter and has looked after the property like it was her own. Anyway late last week she received an eviction notice from the agent saying that she is being evicted for non payment of rent. Which on...