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Thanks for the insight! I will definitely be asking about the flooding! Thanks for the heads-up! :mad::eek::confused:

What the? YES, these are the ones I was considering! :( Is this area prone to flooding??!! :eek::eek::eek:

Hmmm... OK. I was looking at a block of 4 units in Irymple. They're about $150k each (about 6 years old) and each unit generates $215/week income. It'd be a positively geared, long-term investment.

Hi Touristy, What's Irymple like? I presume most people there work in Mildura? How's the growth in the suburb? I'm potentially looking at some young 2BR units there, which is just down the road from Mildura, on Fifteenth St :) Might drive up this weekend to take a look around...

I'm also looking at the Mildura/Irymple area... looking to buy a few units to add to my portfolio as they are pretty cheap there and the rental yields are great, which would result in positively geared investments. Vacancy rates are very low too, which is excellent. I know capital growth won't...

Thanks for tuning in, guys! I'll take a look at that PDF :)

Hi all, I'm currently in the market for a good knock-down project to get stuck into. The plan is to find an oldish (but rentable) property on a good size block (~1000m2) and rent it out for 3-4 years until I'm ready to demolish and erect 3 x double storey townhouses on it :) Looking at medium...

Interested in hearing people's thoughts on Sunshine, Vic... specifically the Matthew's Hill precinct. I'm considering an IP around this area, or potentially in Albion due to proximity to the CBD and the new western gateway Rail Hub. Thanks...

What roads form the "golden triangle" in this area? Come to think of it, 618sqm would still fit two small townhouses or perhaps a duplex townhouse configuration :-) Depends on the depth and width of the block.

That block is right on the entry to the freeway... bad spot indeed. Would be a pain getting out of that driveway!

Went for the open inspection at Corsican today. Decent house. Big block, but the driveway is only 2.7m wide. I believe you require a >= 3.0m wide driveway if you want to subdivide and build another dwelling at the rear.

Agree, they're dreaming if they want $310-> $340k! I actually drove past this house today as I was in the area for other business, and it does look nice and neat. A nice rendering and landscaping would give it a great face lift. My only concern was the other neighbouring houses. Doesn't look...

I called the agent about Corsican and he suggested anywhere between $310k - $340k is what the vendor is after! Bit steep for Frankston North!

Curious, what are the pro's and con's of buying a Townhouse off the plan? I know one benefit is you don't pay any Stamp Duties, so that could potentially save you ~$20k+ on a $400k Townhouse. What do you guys think?

Yeah, I'm now shopping specifically for new/near new Townhouses instead of older renovated houses. God only knows what these renovators are trying to cover up when they renovate these old properties. As I'm trying to find IP's to hold onto until retirement, I want to buy-in when the property...

Well, unfortunately the deal fell through. Building and pest inspections uncovered major structural issues with the property due to previous termite infestation. We terminated the contract and have gone back to the real-estate websites to search all over again. Bit disappointed, but looks...

Good question. Anyone know? To the rest of you, thanks for the tips. Keep them coming! :)

Absolutely awesome advice here guys! Thanks so much for tuning in :cool: I'm currently looking into a fairly modern 3BR Townhouse at the moment which is just minutes away from the local shopping complex and FWY, which will take a prospective tenant just under 30mins to get into the Melbourne...

Any of you guys invest in Townhouses? I find myself attracted to the idea of investing in new, 3BR, modern townhouses as they'd require minimal on-going maintenance and are attractive. They also fit my budget of between $350k - $400k for an IP. Just wondering what the pro's and con's are...

Just some interesting developments in the area: Frankston Station Precinct Improvement Project http://www.dpcd.vic.gov.au/planning/projects-and-programs/frankston-station-precinct-improvement-project $13.8 million to improve the area around Frankston railway station. ?The Coalition...