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Would you all classify the following as a student apartment? http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105908367&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=26544277&s=vic&tm=1249647556 On the surface the yield looks great..... what am I missing here?

Am looking at a potential IP in Melbourne, block is around 700m2 and has a 2br house on it which would rent out easily. The property has already got plans/permits for a 3BR townhouse to go out the back of the block. My feeling is that in order to secure this place at auction I'd need to go...

I hear many say that in order to accumulate wealth you must "pay yourself first" whenever you receive your wages. Two questions here: 1) What is a reasonable percentage? 10%? As much as you can? 2) Is keeping as much $$ as possible in your mortgage offset account considered as paying...

The broker basically said that there's not much to separate the main lenders given my particular scenario, so there'd be no point to swap from one to the other. Anyway... so I ring the ANZ mortgage line this morning.. It left me very cold. After taking all my financials pretty much every...

Before advising that he was leaving the business, the MC broker suggested we stick with our current lender (ANZ) for refinancing to buy our IP. Given that he's no longer in the picture.. Is there any real difference between finding another broker - or simply going direct to ANZ?

Just found out that my mortgage choice broker is giving up the game - effective next week.. No mention of that when scheduling our meeting for tonight.... Back to the drawing board..

DA? Forgive the newbie question...

You may have seen my other threads - we're looking for our first IP with up to $330k to spend. Looking around various Melbourne outer suburbs... Our initial thought was to look for a place which could be easily rented out now, but with a block big enough that over time we could build a...

What do people think of the more mainstream brokers - like mortgagechoice?

I'm looking at these areas as they appear to have a number of properties within my price range. Both are on the outskirts of suburbs that have been growing and so I'd like to think that they'll experience growth over time - am not interesting in buying to sell right away... Perhaps I've got it...

Thanks all for your replies.. seems a fairly neutral to negative response to the areas I'd been looking at - interesting.. So wise people, if you had low $300s to spend on an IP in Melbourne - where would you be looking?

..come now.. 60+ views - someone out there must have some thoughts... :)

Hi all, Looking for my first IP in Melbourne - looking to spend up to $310k A couple of questions: Obviously, being close to a train station is desirable. I've been trying to find places no more than 2km from a station. Does being this close to a station make much difference? What...

Hi everyone, My wife and I are looking to buy our first IP - up to $300-310k. Like everyone else we're looking to get the best rental return and capital growth over time.. The areas we're considering are St Albans and Lalor. Both appear to have good PT connections and reasonable...

Yep.. I was there.. To be honest I thought it would end up going for a lot more..

...the plot thickens - the ad now contains a price range: 700-750. My experience of this agent is that they quote conservatively and sell for a good 20-50k more than the top end of the range.. Is this property worth 800k? To someone i'm sure it does...

Great trick y-man... I'm interested in the groups thoughts re offers prior to auction. I read the thread ym linked to - but am interested in ppls thoughts re the land vs house value..

Thanks y-man. I agree that this appears to be out of the FHB range. The groups looking through it on the weekend looked to be in their late 30s and above. Am considering making an offer prior to auction. Would this be a foolish strategy? Given that there's no official range given - am...

I'm looking at a property in Footscray, Vic - as a place to live - not an IP. Block is 640m2, in theory could be sub-divided - but we would not do so as we'd want it to become our family home. Here it is. House itself is old style - beautiful facade. Definitely needs some work...