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Thank you to Ian, Jan, Sim and everyone who made this forum such a great (cyber)place to be. An incredible journey since Anita (Goanna) let me know about this site back in the days when I was on the MSN property chat site, to the first Melbourne meetup (in the lobby of the Hilton), and going...

Hmmm..... a parting shot? Freudian slip? :D The Y-man

I had no idea Beanie Girls had bought out whole swathes of the area an is doing so many developments!! :eek: :D The Y-man

What we have found is: yes 1 BR gives better rental yield, but less CG. Have only held a 1BR apartment in Fairfield out of all those suburbs. The Y-man

Ice, one way is to buy a block of units. In general, the block price is cheaper than buying individual units. In Brissy though, I'd go for purpose built units than converted houses. http://www.realestate.com.au/property-unitblock-qld-annerley-119778971 OR...

Question does not compute - what repayments? :confused:;) You would not be asking that question if you had an IO (or P&I) with offset. With offset, you would put ANY spare cash in straight away to minimise your interest immediately. The Y-man

Would be my main concern too - sharps everywhere - needle proof gloves or those rubbish picker remote hand thingies. The Y-man

In Victoria, we usually just sit down with the agent, and write the offer and conditions on the contract and that's it. Repairs conditions like yours are common, or you can make an even lower offer citing repairs you will need to make. Expiry is also quite common (and is 3 days on the...

You did something - and more - which beats doing nothing hands down. Good on you. The Y-man

Yeah, I think the trains come in a day late too...... :p The Y-man

No. I've lived in Monty and Doncaster (East). Monty, Eltham, G'Borough are much more "country feel" IMHO Don't know how Ivanhoe made it into the mix - totally different area/demographic. The Y-man

Bairnsdale? :D The Y-man

Actually - none at the moment. You're looking at $1mill + The Y-man

Not sure you'll find any houses in Carnegie in that price bracket. The Y-man

Where's Teshie when you need him? :) The Y-man

I take it you don't have $377k in other assets available? Silly quesiotn - but worth asking. You can liquidate other assets, effectively pay off the ip, draw down, and rebuy the other assets. The Y-man

Depends how fast the market is moving as to how often we refinance. If you do the above example with say $200k equity available from each, you can do things like make unconditional offers (assuming Building is ok) on a $600k property, because even is finance fell through, you'd have the $600k...

Agree. I tend to look at the 10 years figures (for buy and holds). The Y-man

Well done by the way! if you are interested in CIP, why not investigate, study and invest in commercial property trusts? The Y-man

Excellent. Become a hermit permanently. :D The Y-man