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I have been purchasing in a few different markets across Melbourne and it is definitely patchy. The eastern suburbs, in particular Glen Waverley, Mount Waverley, Wantirna and Wantirna South are very heated. Wantirna and Wantirna South has gone up approx $100k since the beginning of this year...

have you tried Karen Young from Property Zest? She is very busy at the moment and has a wait list, but she does do that price range and the Logan area.

A buyers market, not good for accumulation phase?????

Hi Mech81, I purchased a property 11 years ago on a secondary road which wasn't too busy at the time of purchase. I recently put it on the market and had a lot of people through who commented how great the place was BUT it was on a main road. (People are attracted to the lower price compared...

HI Tone, Would you happen to know what types of accomodation is preferred by the miners/mining co's, and also which areas are better than others. Thank you

Hi Hysteria, Would you mind sharing what type of house, how many bedrooms etc and roughly what location you are living in? Can you comment on what the mining companies prefer? I have been doing a lot of research and have not found returns quite that high. The highest I have seen is $800...

I have attended many of Bill's over the years and always enjoyed his unique way of presenting and looking at property/finance. 2 months ago I went along to his most recent series of education sessions and was disappointed to find he is now "selling" property. He was saying that places like...

Very inspiring. Well done, I would be proud to have accomplished the same. It is great to see so many wonderful stories on here. :)

If you are using a broker rather than a bank they could probably put you with a lender that is likely top do a desk top val, which may avoid the issues raised w financing. As far as cap growth, I think I know exactly what type of property you mean and yes, usually they look just like an...

$200 is very cheap for a feasibility study. Is it a full feasibility? I have a guy I use in Chelsea who will do a feasibililty for $660 inc gst, many are $990. He would get a preliminary drawing etc and meet you at the coucil to discuss the plan with coucil and get feedback and comments...

Others have already given great advice, especially those who have had the experience or seen close relatives work it successfully. I will say that my partner and I LOVE working together, however, we had some helpo to navigate the waters in the initial stages because we do have different...

No Worries Brendio :) The water company is happy to set up a second meter but the property manager will have to check it because they will not issue 2 sep bills UNLESS the council will recognise the dwelling as 2 seperate houses. My discussions with council at this stage is not promising...

Hi Mattc, re: getting a 2 unit site to stack up I was speaking about profitability. Ie) buying one block, developing into 2 and making a suitable profit margin, in the short term. As you can see from the numbers you have already shown there is no profit. (if that is your aim)

Hi Guys, Seaford, beach side, northern side of Seaford road up to Carrum, houses sell for $440K - $460K for an old property on 600smq plus. I think this is worth $445k the owner is holding out for $460k at least...

Well done! Great move, I am pleased you will have some peace of mind

Nice call :) I agree with everyone. Firstly tell the agent you will not deal direct with the landlord (she/he is just pasign the buck of dealing with a painful LL), if you wanted to deal directly with a LL you would have found a house that was sefl managed, you did not sign up for this. I...

Hi MAttc, I agree with the other guys, there are some sums un accounted for. Hopefully someone more experienced than me in development can pop onto the thread and help fill in the gaps for you; Off the top of my head here are some things I would be adding to my costings Construction...

Hi Motivated, Are you thinking of starting a business together or general investing together? I work full time with my (soon to be husband), working together works exceptionally well for us, however we have had a lot of help to get working together right. I am happy to share what we...

How would placing a relocatable home on the back half, renovating and accessing equity work for you, El? Relocatable home costs $50K-$80K plumbed in with new roof etc. Most companies only sell homes in good condition these days, minimal reno would probably apply. I havent used this...