Recent content by skyash

My husband and I recently purchased and rented out our first investment property. The tenants have been living there for a month. Earlier this week, we got a water bill for the property. It's in our name so obviously we have to pay it, but is this something we can pass on to the tenants? The...

Rent is very low for this property in Williamstown. "Presently Let until 01/06/2009 and returning $737 P.C.M. you can elect to move in after June or simply keep the property Rented." Works out to be $170/week. A two bedroom in the same apartment complex as this Yarraville unit is...

According to Residex, the property is worth $255,000. It was last sold in 1976 and based on the capital growth since then is estimated to be worth $235,000 today. If you were a numbers person, and buying it for $230,000, it doesn't seem like a bad buy.

We've picked the northern suburbs to invest in for our first IP because we're more familiar with the suburbs in the north. I haven't researched Williamstown yet but will keep an eye on properties in that area. Thanks.

Good point. We saw it on a Saturday afternoon and didn't really notice the traffic but what you've said is definitely something to be mindful of. Cheers.

Hi All, Suffering from a bit of first IP buyer's nerve and need some wise words from those who've been there and done it. I've done a bit of research on Yarraville on the net and also on this forum and there's a lot of good talk about the suburb. In light of that we decided to go and...

Thanks so much Spiderman and Rixter. That makes a lot more sense than what I thought. Should we take the agent's estimation as close enough, or should we arrive with measuring tape to measure it ourselves? More worried about auction than anything, because we'll have no way to pull...

Hi. I'm new here so I hope I've posted in the right forum. My partner and I are hoping to get into the investment property market for the first time. We've looked at a few that we like and we're also aware that banks will only lend to a particular size, however, when we ask the agents what...