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Hi I am looking to purchase a 1 bdrm unit in Melbourne and have about 320k to spend. Was after some thoughts in terms of what area's I should be looking in (ie. those that may offer some good long term capital growth). Any advice would be appreciated. Cheers

Thanks all for the replies most appreciated. We currently live in the inner north but are looking to move to an area which offers us a better lifestyle and where we can also provide our children with a good education. Given what I have read and Frankston Souths proximity to the rest of the...

To be honest not to concerned about the subdivision issue in Frankston South. As we are looking to buy a potential knock down and then rebuild as if we do move there we have intentions of staying there for a long time. Grandad are you a resident of Frankston South yourself ?

Hi I was wondering if the forum have any thoughts on Frankston South and the best streets in the area. My wife and I have two young children and currently reside in Coburg. However we are thinking about a change and selling up and moving down the coast as we have always liked the thought...

Hi guys I was seeking some guidance in terms of what you can claim in terms of an investment property. My wife and I have 2 houses- one which was an investment that we purchased for 240K plus stamp duty a number of years ago. The property was then rented out immediately for approx 7...

Hi guys I have a question with regard to what interest payments are deductible for an investment property. I purchased my investment property utilising monies from “equity” I had available within my own home (ie. via a redraw facility) to pay 20% of the investment property purchase price...

Gidday No I didn't have a written property inspection done. However I had a friend look at it for me (ie. who is a tradie) and he did mention that he would have it restumped in a few years time. However did say that it was quite okay the condition it was and wasn't anything that would...

Hi guys I have a few question's with regard tax deduction's (ie. repairs) on a investment property and was seeking some clarification. I took ownership of my property approx 4 1/2 months ago and it was rented soon after. Last week I was contacted by the agent as my tenants were...

Hi guys I own a 2 bdrm villa unit which is on a strata title however was looking to undertake some improvements. So was seeking the forum's advice if I would require approval from the other owners within the block and how difficult it maybe for me to get them thorugh. My villa is at the...

Thanks Alibaba I really appreciate it

Hi everbody Has anyone got any thoughts on Northcote. A couple of friends have asked me if I would be interested in buying a house with them (ie; split 3 ways) and doing a reno on it and then selling it. I know that Northcote at one stage like many other suburbs in Melbourne was going...

Gidday Am I to late and you have enough people signed up for this

Thanks a great help Regards Pamper

Hi everyone I was wondering if anyone could offer any advice in terms of purchasing residential property through a super fund. The question that I have is are you able to purchase a property through a super fund with the balance of monies coming from your own cash funds.(ie; individual...

Thanks everyone for your feedback. I havent had any experience in this area nor do I have a real estate licence. However up until recently I was empolyed as a Manager in a very high profile corporate company. So given the recent events with my previous employer I now find myself out of...

Hi guys I am thinking of buying a body corporate franchise. Does anyone do anything similiar or alternatley have any advise The business earning's arent to bad but the profits arent huge either. I thought it might be good into as I have always had an interest in real estate and would have...

Thanks Ralph Thanks for the advice. My property was a rental property for a period of about 7 years until recently when my family and I moved in. ( ie about 2 1/2 years ago). So I think if I was ever to sell then I would be subject to CGT for a period anyway. Basically we utilised the...

Gidday everyone Just have a general question that was hoping to get some help in regard to. I currently have a business which the registered office being my own home. We are currently looking to extend our property and I was wondering if it were possible to claim the cost to build the...

Gidday I just noticed the attached thread on the website today ( ie it does reference Essendon). However I read something similiar a few weeks back. http://www.heraldsun.com.au/news/mel...-1226039922655 Quote: MELBOURNE'S property bubble is bursting, with $400 a day wiped off the...

Hi Guys Has anyone got anu thoughts on Essendon. Thinking of buying a property that has the potential to build duplexes. I did read in the papers a few weeks ago that the area had experienced a 20% drop over the last 6mths. So thought that there migh be an opportunity to get in cheaper...