Recent content by powerranger

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    New Purchase over the weekend in Melbourne

    Congrats on the purchase jp, looks to be perfect for development!:)
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    Management fee's..?

    3 bux extra a week letting fee isn't the big deal... It's the percentage I'm looking at. Why pay 7% when I can probably pay 5%.
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    Management fee's..?

    Approx 320pw.
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    Management fee's..?

    Will do, thanks DT. Property is located in Ascot vale. 7% with 1.5 weeks letting fee is what I have currently been offered. Bit steep!
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    Management fee's..?

    Hi all, Whats the going rate for Property Management fee's in Melbourne? Are fee's dependant on property location? Can anyone recommend some PM's or even better, some to stay away from?
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    450k in melbournes west..

    Thanks all for your replies. We will now be moving into the Melton Property and making the new purchase an IP. In saying that, I'd still like the new purchase to have good land content and potential for development as its something I want to try eventually. We have been looking...
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    450k in melbournes west..

    Hi Ivan, thanks for your reply. I have a little more info I can share. I have just turned 23 and my partner is 22. Combined we have savings just shy of 100k... With another 30k sitting in the mortgage for the Melton property which I purchased in 2011 at age 19.. Jumped in too quick I...
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    450k in melbournes west..

    No one has any advice? need more info?
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    450k in melbournes west..

    Hi all. My partner and I are looking for a place to buy as our PPOR, however we'd obviously like to make the most of our money and try to buy in a suburb that will give good cg in the coming years..we may also turn it into an IP in the future. Our budget allows us to look in areas like...
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    Wyndham Harbour Project

    Thanks for the links spiderman. I did wonder about journey time and wave swell, its definately a problem that will keep the ferry service from getting its feet off the ground. In relation to property prices, does anyone agree that they are overpriced for the area and what it offers atm...
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    Wyndham Harbour Project

    BUMP. How's this cracking along? People's opinions still the same on the area and the costing of the apartments etc? Who currently has a poor or ip within the harbour, feedback?:)
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    eynesbury - vic

    Yep very true. Will be interesting to see how the township develops in the coming years.. I guess some people enjoy the isolation.. for a PPOR I guess that'd be fine, but its obviously not for everyone. Any forum members currently live there? how do you find it?
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    eynesbury - vic

    Bump. What are peoples thoughts on buying in eynesbury? Anyone invested or currently live there? Pro's and cons? (besides no town center and schools just yet)
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    Help with mortgage/investment idea's?

    Thanks. I have arranged a meeting with my bank to swap the loan etc. Now, off to do some more research! Thanks all for your help and patience!:)
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    Help with mortgage/investment idea's?

    This is what Im having trouble with... I have trouble believing that it will do the work. So, to recap: I have a PI loan with an outstanding debt of 208k, which Im paying extra into fortnightly. The property is currently rented so I should change the loan to IO, then put the extra money...
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