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  1. S

    Newbie Here - looking for Advice

    Agreed, hence why I was looking at Frankston. I think I could buy an older 2BR unit, hopefully a villa, within a reasonable area there. What I'm not sure of is whether maintenance costs of an older unit like this would be too prohibitive, considering the low price and rent. Any opinions on...
  2. S

    Newbie Here - looking for Advice

    I didn't know until just then. That's why I'm asking questions :) I'll have to check my latest rates notice to work out the land value, but I'm assuming it will be well under $250k, and the purchase of another unit should still keep me under. If not, I'll look at alternatives (perhaps buy the...
  3. S

    Newbie Here - looking for Advice

    I'd love to, but I can't for 1 reason and won't for 1 reason: Can't: I got into it because a family member runs a ShortStay business, and manages the property for me. Their business model has changed, and they now only take on properties where they lease them long term, making them more...
  4. S

    Newbie Here - looking for Advice

    Thank you Xenia. It's good to hear words of encouragement. I consider myself an 'investor' when compared to my friends, most of whom still rent, but on these boards I definitely feel out of my league :)
  5. S

    Newbie Here - looking for Advice

    Sorry, maybe my terminology is wrong. We make around $15k a year profit after all expenses (interest repayments, PM fees, maintenance, BC fees etc.)
  6. S

    Newbie Here - looking for Advice

    Hey Guys, I've been lurking here for a while, and I'm after a bit of advice. My Story: 33 years old, married with 1 kid. Wife is currently a stay at home, with the baby, and expecting to be so for the next 5 years. I earn $110k, wife did/will earn ~$70k. 1 PPOR - Value...
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