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Turk, I spoke to a few agents in the area including Jenny and she was very helpful - thanks for the tip. I'm most likely going to move out in the next month, so the property will be going on the rental market soon. Just a few quick questions from a newbie - is the rental market in this...

Thanks for the replies turk and melbgal. I haven't organised any rental appraisals yet - I will get onto that straight away. You mention to negotiate fees - what amount/percentage should I be aiming for? I've always heard around the 5-7% mark - is this about right?

Hi all, I'm hoping someone from around the Ormond/Carnegie area (or Melbourne south-east suburbs in general) could help me out here. I own a 2 bed unit in a block of 6 - with a decent sized courtyard, about 5 minutes walk to the ormond station. I'm considering renting it out. this will be...

I'm looking to buy a unit/apartment in the Carnegie/Ormond area. However I'm not a fan of an apartment in a block with no outdoor living area - instead I would like to buy one that has a courtyard. I have seen a few places in this area where the ground floor apartments of a multi level block...

Hi all, I apologise if this topic has already been covered in another thread. I am considering turning my PPOR into an investment property and would like to talk to an accountant to get some advice as to the best way to structure my loans and talk about the tax implications of doing...

I agree completely, if not I wouldn't have started buying property in the first place - I suppose what I was trying to get at, was the upper limit I should be considering these days in terms of how high interest rates could realistically go in the next 5 years or so. I've been working off...

Gday everyone, Just curious what you think the likelyhood is of ever having rates like the 1980's again where it got up to 17% or so. (http://www.loansense.com.au/historical-rates.html) My thinking is that with the much higher levels of debt these days, the RBA could have a much bigger...

How much does a courtyard count in areas like this? I've seen a few blocks of apartments, and always thought that if you can get a place with a courtyard (as opposed to just another indoors unit with no outdoor living area) it was always a good thing. Do the renters in this area care about...

Thanks for your reply Spiderman. Just one thing I want to clarify. When you sad Bentleigh feels a bit more 'middle class' are you saying that Ormond is considered lower or upper class in comparison? I'm curious to gauge people's perception of the area.

I'm thinking of investing in property in Ormond, Vic near Caulfield? Is this a good area? About 10-12 km's out of the city, good transport. I can't afford houses, so I'm thinking of a 2 bed unit in the 350-400k range. I'm hoping some more experienced investors can give me some advice as to...