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Warning: this is a bit long. Warning 2: I could be wrong but this is just my observation. :) In China those who previously lived in the city and considered by others as 'previdged' wealth wise haven't change much. The people who became rich and very rich are actually the rural Chinese...

If this happens wouldn't it mean investors would more likely not wanting to sell? So less stock coming to the market, less option for tenants...

Hi Vivian I recently bought one in Melbourne and in the paperwork from the solicitor there was a paper requiring me to sign and declare that I've measured and matched the land, and something to the effect of waving right to compensation if not right. I didn't sign it. No one chased me for...

So I've gone down during the long weekend, packed about 10 inspections on 1 day :) right across multiple suburbs - but suburbs that are closer to CBD, eg altona, altona north, Williamstown etc. I didn't make it over to PC, will get friends to drive around and report back. From my driving...

I'm going through the same thing as well, renovate would cost almost as much as a new build (simple) house. But this is because our house is quite old, reno would be quite extensive to make anything decent. A new built 2 storey project home would be approx 450k-500k ish, yes it's higher...

Ouch.....that would have hurt

Wondering if anyone experienced development zoning issues previously who could recommend a town planner for me? I have a JV place that is a shop at the front + brick house large land at the back (sep entrance). In one of those suburban neighborhood shop areas. On the left is a normal 3br...

thx Scha9799 None of the reasons mentioned. So I guess I should just keep it. I was wondering only because I'm beginning to think when is enough become greed? It's doubled already so am I too greedy if to just let it grow some more, as in is there terribly consequences coming that I could...

Clear and precise, thanks Terry et al !

Thanks Terry And I suppose that's another question I want to ask as well. I have a few others and all are investment meaning all subject to CGT, hurts me just thinking about it. I am hesitant to sell (any) because of it.

I have a 3/1/1 house in Sydney west, purchased in 2008 for $445,000 did a simple paint job and fixed up the kitchen with a flat pack. It's been rented ever since and it really doesn't cost me money to keep. I've never pulled the equity out from it (silly I know), so could potentially 1. Sell...

Thanks Thank you all for your valuable feedback! I do have a 12 yo so school is one of the consideration. That was one of the reason why I was circling in on Altona as I can see a high school there near the train station. Whether it's a good school or not will require further...

Thanks ermat! I did consider Point Cook for that reason too, would make better investment sense. However when thinking I might move into it later I'm beginning to think if I should just spend a bit more to be a bit closer and in slight better area. Point cook back on the potential list...

Hi all I've searched existing threads on western Melbourne and many of you seems to look at Sunshine and Cooks Point amongst others, but not many talk about Altona/Alton North / Altona Meadow. Is that because of demographic or price? I am based in Sydney but for work reasons may need to...

Sorry should clarify that my understanding is: Qualified =qualification + completed supervision year Just having the qualification itself wouldn't get you the licence/registration. That's my understanding, could be wrong tho

I've previously studied conveyancing law (3yrs part time) mostly for self interest. What stopped me doing conveyancing for others (ie to be able to charge s fee) is because I was required to work under the supervision of a licensed solicitor/conveyancer full time for at least a year. To me...

loving your response Pinkboy. I have slowly learnt this through experience, but geez I wish this simplified explanation was provided to me few years ago. Trouble with me (and maybe a lot of young inexperienced investors) is the lack of confidence to take on risks and options. I've purchased a...

South and east side of Narwee (ie towards Stoney Creek or close to Beverly Hills) are higher priced and are sometimes advertised or considered by those who live there as 'Beverly Hills'. More closer to Narwee Station they did a HUGE residential development in recent years, so units/townhouse...

I ended up securing a tenant myself via private ads, and let the current agent continued to manage it. What stopped me from changing agent was the 90 day clause in the contract - which I initially crossed out but stupidly shrugged and put it back in.

So, gone into a CBA branch - loan specialist not available. Gone across the road to NAB, and this is what they have offered me: 6.77% with the 1st year package fee waived, and cover the existing mortgage exit fee max of $700. I had to keep on asking the same questions to make sure I heard it...