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Hi there I've just gotten off the phone to a couple of property managers in Emerald and it seems that there is a lot of supply and not too much interest from tenants in picking up tenancy in the Mayfair Ridge area. This is a concern to me as I have just received the contract to purchase a...

Hi there, Just wondering if anyone has dealt with Devcon Building Co. in Emerald and how they were ie quality of fittings and workmanship, finishing dates etc etc Regards

I called Ray White re the Mayfair Ridge H&L packages but it seems they have no more left. Are they being sold through anyone else? Apparently they are selling like hotcakes

That's a handy little spredsheet. Most people on here would not be using the FHB grant on purchases, but that is an easy adjustment anyway. Thanks for posting Matt

I can only relay what I have seen at the auctions I've been to, and young families seem to be getting the properties. I prefer Belmore to Lakemba in this environment. 2brm units are now around the same money, it's a bit closer to the city, and doesn't have the stigma attached to it like...

Yes lots of activity. I was actively looking to buy in Lakemba 3 months ago. The average 2br unit was 180-190k. Now you will stuggle to get a unit for 220k. The FHBs have pushed it to a point where I feel you aren't getting the yield to warrant the risk. Just my 2c

Hi guys, Thanks for your replies re the St Marys area. Regarding the houses - my research indicates that the lower end are currently selling at around $250-260,000, with the average rents around $280 per week. With housing yields around 5.5% and 10 year growth rate of around 8%, units looked a...

Hi guys, Just looking at some options for my next purchase - looking for a cheapy with good cashflow and wanted some advice from those in the know on the St Marys area. I have seen numerous units in St Marys in the $140k-180k getting rents from $190 up to $230 per week. On a search of RE.com...

I have been thinking of doing this, but with the lack of activity in my local area - even for very nice houses, I am worried that my house will not sell - or will take a very long time.

It's a great quote from Matt Damon's character in the movie Rounders "Listen, here's the thing. If you can't spot the sucker in the first half hour at the table, then you ARE the sucker."

Yes, I have them as my PMs. To me they are not very proactive. I had to encourage them to increase the rent on my Frank Nth IP even though it was rented under market value, and is in good condition. I have PMs elsewhere that really try to get rental increases regularly, but in 3 1/2 yrs, they...

Hello Buck, Perhaps if you name the areas you consider average, the Adelaide locals can give you a better explanation on why they may be underperforming ie under the flight path etc Cheers

Why not use yourself Harris? I think with your recent purchases and knowledge of the market, you would be a great choice. Matt

As Adelaide locals, would you prefer to purchase IPs in say Ingle Farm, Parra Hills, Modbury etc, or suburbs like Christies/O'Sullivan Beach for similar prices (I am referring to stock standard houses. No views etc) From my resarch, rental yields seem pretty similar, and land size for the money...

I just had ammendments done on my 03, 04, 05 and 06 tax returns, as my old accountant was missing numerous deductions on my properties. Got my new accountant to do it though, as it was too complicated for me. I will be getting a cheque for $8000, so it was worth doing. Cheers

Sorry, I will have to pull out as I have to work. So -3 places.

3 for me please

What exactly does $6000 "tax incentive" actually mean?

Looks awesome!!

Call up a few property managers from a different real estates, and get their opinion on the area and the house. Definately have a building and pest inspection done. Cheers