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This might not mean much, but I was told by an agent at Honeycombes (one of the leading agents in Townsville), last June, that some of the agencies were a bit behind the times in listing properties on realestate.com.au. Maybe theve wised up!

Investment house = warning. Sounds a bit rich to me. Berwick is the same boat as Narre Warren.

I live in Narre Warren. Nice place to live, but I dont invest here. I think youve missed the boat for capital growth. Alot of new infrastructure, plus very fast freeway acess to melbourne could give some capital growth, but I dont have a crystal ball. For a 3 bedroom home, expect to pay 190k...

Yes Bear, it was a good read. The message I got was dont put all your loans with the one bank.

Thanks Thommo for your feedback. I took a punt on Townsville last july and bought two blocks of flats. 9 x 2 bedder units in total for 570k, at 11% yields. Damn cheap I thought at the time. Compared to melbourne, anyway. One in Belgian Gardens and the other Hermit Park. Had them both recently...

I like those two clowns and they make alot of sense. But would someone please tell me how can you buy unlimited amounts of property (which is what they are saying), renovate it, refinance and reap the profits, then service the loans? The rental income is nowhere near the repayments on the loan...

The silly old bugger got suckered into buying a Gold Coast property 10 years ago that dropped in price after he bought it and has been anti property ever since. Read his articles, shares, super, managed funds etc etc etc. Advice for the below average investors.

My opinion only, you are two years to late. That property would of sold for 60k 2/half years ago, with three bedders 80-90k. It probably would still rent for 120 per week tops. I havent got a crystal ball, but I'd be very suprised it would go up a bit more in this cycle.

I can see your logic on the neg gear stuff, but I'm still loathe to get rid of current property for a few reasons. Costs in selling, loss of further growth. Some are neg geared by choice to free up PPOR a bit. - thats ok, whatever suits you. I just didnt see the point of holding a property that...

After many years dreaming about it, I went full time into real estate full time 15 months ago. How did you do it? - did about 30 wraps to replace my previous income. Reduced my expenses. Sold all my negative geared properties which were eating me alive. Looking at getting into bigger deals...

Wait a while and see what happens. If you buy know, you are buying at the peak, although I have no crystal ball. Prices are way to high for cuurent rental returns. Something has to give. If you want value for money, look at unfashionable werribee. Its only 20 minutes to melbourne cbd. I bought a...

I live in Narre Warren & 3 years ago you could buy a house in Narre Warren/Cranbourne for 90-110k that would rent for $165 p/w. You will now pay $170,000 upwards for a house that still rents for $165 p/w. I'll let you decide for yourself if this is a good deal or not, I personally wouldnt touch...

Pretty simple. Dont negative gear. I would of been millions ahead if I didnt waste the first 7 years blindly following this path. I made a bit of money, but nowhere near what I've made in the last 3.

Thanks Michael for your advice.

If you were desperate and had to settle a property, a couple of cash advances on credit cards would get you out of strife.

13 kilometres actually. I bough one in 99 for 110k for a reno, rented it for a year and sold a year ago for 170k. Its hard to believe that the average dog box there is nearly 200k now. What concerns me is that the rental is the same as what they were selling for at 100k 3-4 years ago.

Thanks guys, but all my hits are for actual loans, not multiple applications.

Can anyone recommend a low doc lender who doesnt worry about why my CRA is 16 pages long because I've bought so many properties in the last 3 years? 95% of the entries are for property purchases, yet they still don't get it. Is their such a product out their, excluding private lending...

sbe. The internet is ok, but the local newspaper wins hands down. The best deals can be found by purely window shopping and actually travelling to the locations themselves. The good old wraps are pretty good to. 80-100k homes that throw of $350-$450 each a month positive cashflow.

It was my fault probably that it got off the track Craig, so sorry. True positive cashflow, some examples of my recent purchases:- 1)5 x 1 bedroom units for 100k, rent $17,500 p/a (now worth 180k) 0ctober 2001 (regional vic, pop 12,000) ($600 positive monthly after expenses) 2) 44 storage...