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Hi, We recently arrived from Dubai after spending over 15 years there. ok place provided you're being paid very well. Be very careful choosing your employer - non payment of salaries is not unknown especially if you'r working for a small company or in the construction industry. If you want to...

Yep, I've seen so many similar instances too. There was one property advertised by them for "between $1.5 and $1.6 million" - the property sold for $2.23 million. The buyer is struggling to rent it out at even $625 p/w now. I'm new here and don't see myself buying at an auction ever. Prefer...

http://webcache.googleusercontent.com/search?q=cache:3NjPkIA-cA0J:marketnews.com.au/tag/ivanhoe/+%2228+barrington+ave%22+kew+melbourne+rent&cd=13&hl=en&ct=clnk&source=www.google.com The investor who bought this property must be kicking themself. Firstly, they outbid 6 others and paid $2.23...

We're looking to move to a larger property (4 bed+) soon. Neither my husband nor I are in paid employment. Ideally I would not like to disclose all my finances to an agent/landlord. How much money do you reckon I should show in my account to satisfy the agent/owner that we can easily fund the...

Just wondering what % does property investment account for in your overall portfolio? I have invested in two properties overseas (dates back to 1991 and 2003) and they account for 10% of my total portfolio.

Everyone has varying degrees of success with their investments. I have also had spectacular returns on some of my investments. I've just turned 40, have no debt, can buy a couple of houses outright if I want to. So despite not investing in property here I haven't done too badly myself.

Not so sure about Melbourne though. Retail, tourism (whatever little there is) and international education industry have taken a hit and is only going to get worse. Unemployment rates will climb higher in Victoria not lower.

Over 1M, and if they want a higher rent then the only option is to demolish and spend another 300k+ to rebuild. Even then, places with rents above $850 aren't getting leased quickly and it gets worse for places with rents above $1000 p/w. Most are currently languishing for 8+ weeks in the...

Very typical in my suburb! Some of the properties recently sold for between $1.1 -1.2 M are being let out for $400 p/w.

Whose renting at 500 p/w and owner paying out $ 800 p/w? In our case, on interest alone I am better off renting by 86,639 p.a., not to mention numerous other costs for the owner. But the most important factor is being able to live in my desired suburb. What's the point of using my "rent money"...

My brother-in law did just that:) They bought their first house for $ 180k in 1998. It is fully paid off, guessing around $600k now. They lived in it until 2008. Second townhouse is an investment property - interest only, think they bought it for around 300k, probably worth 500k now. Then they...

I've been renting. I can buy the house I rent and the house next to it, really. Yes, I could have increased my wealth even more by borrowing, leveraging off my existing assets and taking on much bigger risks. Thanks but no thanks. I'd like to sleep at night knowing that even if my investments...

Same as some real estate agents then?

Doesn't a lot depend on whether you actually do want to live in the suburb you can afford to buy in? A lot of considerations to take into account - e.g. schools, transport/infrastructure, work etc. When renting is significantly cheaper in my neighbourhood then why would I want to buy here...

We rent a large 3 bed house in Melbourne in the inner eastern suburbs. It costs us $680 a week. To the investor who bought our rental recently: Cost of house plus stamp duty - $1.69 million Interest cost per annum: $122,000 (@7.25%) Rates: $2,000 (? no idea) Insurance: ? Maintenance: ...