Recent content by Peter Parker

Note that gross yields may be higher but so are fixed costs. Eg hot water systems, stoves, plumbing would be the same for 1x1, 2x1 or 3x1. Ditto for fixed charges the pm slaps on. These are proportionately higher for lower rent places. Still a reasonable sized 1br in a well located small block...

It's not unknown to have 'hot-bunking' where tenants take it in turns to sleep. Assuming an under-the-counter 12 hour/day job that can double capacity. http://news.domain.com.au/domain/real-estate-news/apartments-packed-to-the-rafters-in-problems-20140131-31s73.html

The latter two probably imply an older area, eg Hoppers, Werribee or Wyndham Vale. Wyndham Vale is a bit remote from services but the northern part is near Manor Lakes shops and the new station. However houses get newer and blocks get smaller as you go further north. Note that the new...

Buy IPs in the nation that gave us Charles Dickens. There you can have a prepaid power meter. https://www.ukpower.co.uk/home_energy/prepayment-meters http://www.owen-brothers.com/pre-paid-single-phase-meters.html

You could find a property you fancied on the web, train, fly and bus 3000km and it would still be available to make an offer on when you got there. And there'd be none of this 'I've received another offer' from the agent. If an auction you might be the only bidder.

You might be onto something. According to these both have about the same average income with Wezza a little more. http://glen-waverley.localstats.com.au/demographics/vic/melbourne/east/glen-waverley http://werribee.localstats.com.au/demographics/vic/melbourne/geelong/werribee BUT...

I don't believe those numbers. Eg Glen Waverley with lower average incomes than Werribee? Maybe those income numbers are based on postcodes rather than single suburbs. Eg Werribee is in 3030, but so is Point Cook and Sanctuary Lakes which have high incomes (and higher house prices).

Doesn't seem much different from any other fringe development. All the planned facilities and services are heavily 'subject to' many things. Why would one not pick somewhere a similar distance out but with established facilities, eg Sunbury, if one wanted an outer suburb? Another thing is...

The difference between Sunshine and Westall is that Sunshine, for all its faults, is a real community with a discernible centre and life that's grown over years. It's got shops, cafes, schools and even a seat of local government. It has a history which is intertwined with the state's. Numerous...

It always amuses me to read the lies being put out by shonky land spruikers. Especially when the facts are so easily obtainable. This area is not immune to such nefarious activities. Take this piece of puffery...

But as soon as you wish to leave early, late or go via somewhere else, you're on your own. Car pooling is not liberating like having your own car, bike or even good public transport is.

Undulating, leafy, liveable, middle-class suburbs full of 'relaxed and comfortable' baby boomers. Not known for nightlife. No apartments. Not multicultural. Little population growth. NIMBYs. Trains and reasonable bus services but no freeways - people complain about driving. Hobby...

Timetables for the Regional Rail Link, serving Wyndham Vale and Tarneit, were released this morning. There is also a substantial upgrade to local buses. http://www.ptv.vic.gov.au/june21timetablechanges/

A detailed analysis of education levels in the south-eastern suburbs, including Frankston and Dandenong. http://monash.edu/sustainability-institute/assets/documents/chisholminstituteoftafereport.pdf While Greater Dandenong is more disadvantaged than Frankston, page 21 shows that education...

Yep. There's about 9km of emptiness between Caroline Springs and Melton. Make that 8km when Plumpton is built. The only things going for the area are freeway access and trains (fast but infrequent V/Line). Governments aren't putting as many resources into new areas as the population would...