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Be very careful if you consider using BA to Find Houses, they may take the upfront fee and flip you any property on realestate.com.

I do and I will, my geared fund dropped 40%, I don't blame anyone. So if your plan comes unstuck you just blame other people ?! Whos words is this ? Not the least, no smarter than you or Joe bloke or anyone else.

yes may be a bit harsh, but I had it with people blaming everything else under the sun except their own responsibility.

Nobody pointed a gun to these peoples head to get a loan, they live a lifetime and pretended they didn't know what they were doing ? Get real, talk about spineless.

I probably can live 2 weeks on that. I like this strategy, simple and reliable, while some "gurus" pushing for complicated structure such as more borrowing on equity etc etc, very complicated and with so much uncertainty (with the demise of NO/LOCs).

Not sure how much it should rent for, just started looking around. The BA was pushing IPs around mid 5 at up to 4% yield, but the properties are nowhere as nice looking as this. Just thinking if an investor pays $600K and only getting $340 pw rent.

Mind to say who's the accountant. I paid my Melbourne accountant $3500 when I summarize each IP income and expenses on a A4 sheet, he only has to data entry, then he charged me $350 for the one and only simple email query ! He lost my business forever.

http://www.realestate.com.au/property-house-qld-holland+park-106653093 Lovely house, lovely suburb, may be fantastic expected/projected/hopeful capital growth (real data doesn't support the myth/propaganda that "blue chip" suburbs outgrow cheaper suburbs) in future, but gee, currently returning...

Not sure how many years you are from retirement, and the net equity in the properties, but I think it will be hard to just live on rent alone (assume resi properties) due to the low yields & unexpected maintenance.

Mine was $400 to set up and $800 for yearly audit & tax return.

Visited The Gap last year, from memory the air temperature was only around 25C, but man it surely felt hot walking outside.

Already have a smsf set up, got nothing in it yet. But thinking even industry funds charge at least 1 %, so for $1m they cost $10K, $2m $20K etc. If your retirement income is $50K pa that is a big chunk. For those have your own smsf, are you happy running it, does your smsf do better than if the...

The misconception of many people is they don't realise they vote for which political party to be the government, the party chooses who will be the party leader, and hence the PM.

As long as you have a good idea how much the property should sell for and in control, REA is only someone who does the leg work. I sold my house (when making the big move to Brissy so a bit emotional) and paid the spineless REA almost $18K for doing very little, will never pay that kind of money...

Of course from the standpoint of property investors, we would like more immigration. But for the sake of our children and grandchildren, keep Australia beautiful and sparsely populated, this is very precious, don't want to live like sardines.

A inside wall is probably a good idea, I checked the wall panels they are not too expensive, thanks Macca.

thanks csc2, this is exactly my thought. So don't want to build/install anything permanent, when selling in future will revert back to a garage. The tricky part is to put something doesn't look out of place and keep out the sun & bugs in front of the existing garage door.

Just shifted into this house, nice house, good location, but doesn't have a media room. The TV noise drives me mad, can't get away from it (the house is single level). One year on and I am still trying to redirect all the mail to the new address, so can't see myself shift again in a hurry. Would...

thanks guys for sharing the experience, although I doubt if I will deliberately buy an inner city apartment now, but thinking may be not a bad thing if have couple in the portfolio cheaply with good yields and low maintenance.

Was thinking the cbd, but no particular area actually, just thought may be an easier way to accumulate/generate sufficient rental income than the mess of keep on borrowing on equity or selling when stop full time work. Guess your experience wasn't that good. Haven't been tracking the prices...