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Thanks Kate, that's what I thought after reading consumer affairs website. Going to VCAT over it sounds like something I don't want to take on right now. Would just have to ring around and organise some sort of cover. I heard that there has recently been some discussion about changing the...

Hey everyone, i have just been notified that an owner in our block of 3 units hasn't been paying their premium and because of that the policy is now outside their credit terms and they have to take action and cancel the policy. Where do i go from here in regards to insurance since i obviously...

http://aurora-melbourne.com.au/#home Has anyone seen this? Malaysian developer wanting to build another ghost complex in Melbourne CBD, 92 storeys high, :eek: and apparently with direct access to underground train. Who the heck approved this? Dennis Napthine? :confused:

Have you been to Broadmeadows, or Broadmeadows station? I think if you drive around you will know why its so affordable. To turn a profit there has to be demand, so i don't know how much demand you are going to get around there.

I didn't read through the whole report but have had lots of discussions with colleagues and family members on this topic. We tend to think part of the reason could be due to different expectations in younger Australians. Majority of Gen Ys and Zs want instant gratification and are more willing...

These were some of the questions i asked myself when looking to purchase in Woodridge. If you purchase well in the nicer suburbs of Logan with higher owner occupier % eg. Daisy Hill, Springwood, Rochedale South, the land value % of purchase price is usually pretty high. As an example i looked...

Really comes down to your strategy, personal circumstance and risk profile, even more so being 2000kms away like i am. I looked at a few of these properties a few months ago because the rental yield sounded so good and i learnt a lot from Beanie Girl along the way :) Even went under contract...

Nothing wrong with lobbying to have the images removed. Its a very positive step from the local government, shows they are actually making an effort to improve the image of Logan, and not just sitting there collecting taxes. Really don't know what the fuss is about Logan, look back at...

Imo Logan prices have already moved 10%+ since early 2013 and that is conservative for certain areas. Woodridge, Kingston probably moved the most considering their very low median price base of around $200k in early 2013. Sales are definitely not in "hot" mode right now though, some properties...

Looked pretty bad on tv. Which were the areas worst hit? Was the Logan area spared?

Everyone's given very good advice and shared their experience. I would say it also depends on your life circumstances, like do you have kids? Married or single? Are you tied to your job ? (probably even more reason to invest :p) But these will determine how much time you have to reno and be...

Thanks Beanie Girl, sounds like positive news for investors :) Might see quite a few granny flats popping up soon.

There is a bit of supply at the moment affecting yield so got to pick your investment wisely. However there are also many pros to Preston as mentioned in other Preston thread. Crime rate I don't personally know for sure. I dont live there but shop at Preston all the time and it's normally very...

I have an IP in Thomastown, and prices have been flat for the last 4 years. Last peak was in 2010. However the area has pretty low vacancy and has good infrastructure. I think it's a good long term investment.

Well i like the northern suburbs so i am going to say a house in Preston :D

D.T. - Wrong thread? ;) Willair - I think i understand what you are saying, thanks. Ed Barton - You misunderstood what i said. What i meant was my lost rental income was my tuition fees. ;) Sez & MIW - Much appreciate your advice. My rental appraisal was $500pw from my PM, and was...

And you aren't reading properly. Again, I am exploring switching agents and whatever possibilities I may have, which I have found from responses here to be not much. 2 mths before lease ends seems like the only time I could renegotiate. Comes down to reading again! The terms and conditions...

Mate, I think i have paid my tuition fees on this topic ;)

Something I will remember for next time. This is where i felt my PM was really average , as there was no real advice like this. I suggested including a 6mths rent review clause but was advised against it.

I don't see anything wrong or ridiculous about that, IF there are provisions for the landlord to legitimately do so. My original post stated my position and what I intend to do about it and will take all the advise and suggestions on board. Wow this thread is a winner at getting responses...