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Just lost an auction on the weekend. House was marketed at an estimated range of $620K to $680K. Property was declared on the market at about $700K, and after about the $750K mark it was only us and one other bidder. At the end we were going up in $1000 increments, however I didn't feel...

Hi all, I have just purchased a house and am thinking of hiring someone to install an extra toilet somewhere, as there is currently only one bathroom and 4 people will be living in the house. We have not yet figured out where it would be possible to install the extra toilet. Can you...

Hi all, I have just received a building inspection report on a house I'm considering purchasing. A structural defect has been identified which may require underpinning work. The report makes it sound fairly serious. As I have absolutely no knowledge in this area, I would appreciate...

Hi all, I'm interested in buying a house which is going to auction. It is quite old and looks like it almost certainly will need restumping, as there are large cracks in the outside walls. There also looks like there is a little bit of rotting timber. Can anyone recommend a good...

Hi all, hope this isn't a stupid question. I am new to property investing and have found a house that I like in an area that I like which is on a 440sqm block, which is larger than average for this area. The house probably takes up less than half the land, so there is a large backyard. The...

I am interested to hear people's opinions on Heidelberg West for an IP. I know it is a rough housing commission area with a bad reputation, however it seems to tick a lot of other boxes for potential IP. Close to Northland Shopping Centre, Latrobe Uni, has a hospital nearby, well...

Hi, I'm thinking about buying my first property. I am mainly looking at units, and they seem to all be auctions. What searches/due diligence would you recommend before buying? I have heard about building/pest reports, but is it really worth getting those every time you are interested in a...

I've been reading this forum for a while, and find the advice very useful. I've finally decided to buy my first property. My plan is to buy an IP, use the rental income to help repay the mortgage, then maybe move into the property a few years down the track, or use the equity to buy a nicer...