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It sounds like you are not clear on your motivation. You need to ask yourself three questions: 1. What is my financial goal? 2. How does this property help me get there? 3. What other ways/properties can I reach this goal? Once you are able to answer these questions you will know if you...

In some parts of Tamworth the PMs won't manage your listing... best to be aware of those areas rather than buying a property and then not being able to get someone to manage it.

These are well and truly West not Inner West. As someone who lives in Parramatta area Merrylands - has a lot of housing commission and 'rough' areas, but also some family friendly areas/working class areas. You can really tell which parts of the suburb you should drive through with your...

It sounds like you may need a better agent. However, if you are keen on self managing you need to read up on the tenancy legislation which will tell you what needs to be done and when (re: bond, inspections, rent etc)

Cherrybrook is OO not because it is a PIA to travel to (they have buses and train station 15min away). It is OO because it has good schools in the area, reasonably safe/crime free. The people that live in that area value certain things higher than public transport so that is what councils focus...

Yes -- i would be getting more quotes because $28k each seems VERY excessive.

A lot of people are embarrassed/stressed when talking about money and don't like doing it -- which can come across as not interested. If you are in a relationship that is serious enough to open a joint account (i.e. you have trust in each other and can see this relationship continuing) it...

Great outcome. Must be good to finally have some closure. Thanks for sharing.

1. My understanding is rental return and sale price often do not have a correlation (unless in commercial property). Areas that are desirable to live in because of many reasons such as (vibe/atmosphere,location, views etc) may often have LOW rental return compared to sale price. It is not...

Also, if you are employed for ANY amount of time you are not unemployed. i.e. someone working for 1hr p/w is considered employed in the stats. For many, that amount of work would not be able to sustain/maintain any sort of living standard.

I think it depends what makes you feel comfortable - we don't have income insurance but this is mitigated by: - having IPs that are positive geared - big buffer in place in case of emergency We also have TPD and Life insurance just in case there is an accident or disability that prevents...

Most people on SS talk about a 24hour or 'sunset' time offer to put pressure on the vendor to accept/reject the offer. I guess ti also allows people to move on quickly. At the end of the day you need to do what you feel comfortable with so if you are comfortable with a deadline of Friday then...

I like the ideas about being the person that organises it - it really does make a difference if you have some control over where you go. I think for my/our budget - we set a budget of how much am I happy to spend on social activities for a week or month and not compromise on our other goals...

The advise I would give is: Money will come if you have a plan/goal and work to it so don't stress about money. Worry instead on the kind of person you are becoming and work on being the kind of person you would like to be

Gunnedah I don't know much about Gunnedah from a investment perspective but hubby has family that live there. - scaling back of coal - rents have gone done in price (anecdotal, not sure if accurate info) - longer time on market because it is country and people are prepared to wait 3-6months...

I think that is a lot for BC fees... however I think it depends on a few different factors: - how old is the building and what work needs to be done to it? - how much is already in the sinking fund? - how many units are there? If there are less units then you may find BC fees are higher (I...

Appreciate all the comments - linking it back to our goals has given us some discussion topics to try and help us make the decision about what we do next.

We do have a more comprehensive goal/strategy. I just didn't want to bog everyone down in the details. The goal of 5million in gross assets is what will get us to the income stream etc. that we want/need. Thanks for your input (!) though it has brought me back to the core of what we are...

We have bought in VIC as well and are doing so for the same reasons you are. I just feel comfortable with Sydney/NSW and I know now is not the time to be buying here. *sigh*

Thanks for this -- this is what I am thinking about and worried about. I like investing in NSW/Sydney because it is where I feel comfortable investing. However, you have hit the nail on the head re: opportunity cost and this is what we need to discuss to see how it plays into our plans/goals.