Recent content by Nick_A

IMO i would go for an older apartment in a smaller block, with the benefits of buying an older apartment compared to off the plan being: - you can increase the value of it by renovations and add your own style - less number of units = more unique and often more sought after by renters -...

The unit in maidstone went for $407,000. The agent's initial estimate of $300,000- $330,000 was a touch short :rolleyes: So this agent did what he usually does with his properties and covers his *** by increasing the estimate a week before auction ( $300,000 - $350,000 wasn't that close either)...

Agree with not buying on Rupert or Cross Street. Carmichael Street isn't a bad option as it dosn't face the train lines and there is a big development only a few hundred meters away, burbank i think?? North of Barkly St is more ideal in W. Footscray, but Carmichael isn't a bad street..

I didn't mention Maidstone or Maribynong in my previous post. Both of these areas will boom i think, as i read in the paper recently highpoint shopping centre is going to expand significantly (new DJ and boutuque stores). Maribynong has already grown hugely in past 5 years but i think Maidstone...

I think its horses for courses, if you can afford a house then go for it, but i think units are great value in the area, and owners corporation is not always expensive. Also many potential renters don't want the hassle of a front and backyard, so units are an ideal option for many people.

I have recently bought my first IP in inner west and believe it is best value for money close to city. You should do your research in each suburb, here is a short summary of each suburb in terms of units IMHO. Footscray: Horse has bolted in terms of value. Can still get some good buys in...

Bought private. Between the 2 i guess i just did the simple thing and thought which would i prefer if i was going to live in there, and it was a simple choice in the end. It's a 15 minute walk to the train station which i don't think is too bad, obviously not ideally close but i don't think you...

Bought if for around $245,000. Planning to live in it for first 6 months to get the FHOG then plan to rent it out. Looking at the rental market id say i can probably get around $225 per week for it.

Bought the open plan apartment, no balcony but it has good light is northerly facing and quite spacious for a 1 bedroom apartment, not too far from yarraville too (15 minute walk) which is a big bonus i think

I bought a one bedroom unit in kingsville, victoria (private sale). Thanks for all the help from people on here whenever ive asked questions, its been a fantastic support network and its really helped me out :) 8 weeks till settlement, pretty excited..

I have recently been looking in the area for an IP, i went to uni at VU in footscray (4 years :S) and have spent many days and nights in the area so i know the western suburbs quite well now. I much prefer Kingsville to Footscray, even though it has no train station or many shops, it has a much...

So just deciding which home loan option is best. I understand with an offset account you are able to pay off the principle sooner as you are paying interest on the balance in your account. For a first IP have people on here tended to go for a offset account with a higher interest rate? Thanks in...

Is it common for oldish units (70s) to only have electrical appliances and no gas connection? As long as there is heating, and an electrical oven, is there any huge disadvantages to this

Cheers mate, now all i need is clearance from the bank, they initially told me 50 square meters is limit, this is 46, gonna speak to them (westpac) tomorrow, fingers crossed.

West Footscray