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I bought an investment property in Muswellbrook about 5 years ago. Because of the downturn in the local property market my property is worth less than what I paid for it. I bought it for $252K and I am told by the agent it is currently worth $235-245K. I'm told by the managing agent that...

Things have been up and down in Muswellbrook for the last 3-5 years and to be honest if you bought 4-5 years ago your capital growth would be next to nil with the recent downturn in the market as a result of dropping coal prices and it impact on the local market. I recently had an agent do a...

Couldn't work out which section of the forum to put this on. Sorry. Anyway, I am currently working in the insurance industry. Have done so for nearly 15 years. My main role over this time has mainly been around the assessment of personal injury claims and settlement negotiation. I am now...

A friend of mine has been renting a property for the last 6 years. She is a single mum with a daughter and has looked after the property like it was her own. Anyway late last week she received an eviction notice from the agent saying that she is being evicted for non payment of rent. Which on...

Well I finally got a tenant into my IP in Muswellbrook after being stuffed around by a couple of other tenants. All seemed good. Young family, one kid looking for a home to live in for a few years following their move from QLD. The husband comes down and looks at the place before the move and is...

I bought an investment property in Muswellbrook in April 2010. On the advice of the locate agent we furnished the property at a cost of around $5K to increase our returns. It was leased 1 week after settlement and the rent paid was $550 per week. Not bad for a house that cost us $253,000 from...

I bought my first investment property in April this year. We had a tennant in the property within 1 week of settlement and at a very good rate, much more than was expected. The property is in Muswellbrook and it was rented furnished to a company attached to the mines in area which explains the...

When I was looking for an investment property back in March, I saw this property on the market. Dual occupancey and returns $400 p/w. Selling for $285K http://www.domain.com.au/Property/For-Sale/House/NSW/Buff-Point/?adid=2008173140 I went with another property in muswellbrook but would...

OK guys I have been reading this forum for a couple of months now and bought my first investment property in April. The property is in Muswellbrook. http://www.realestate.com.au/property-house-nsw-muswellbrook-106356671?tm=1267266751&c=56461693 I had no cash but enough income to service the...