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What are your thoughts on buying IP in these area for long term?

Hi What do you think of buying IP in Mount Macedon and converting it to owner occupied in 4-5 years time. This property is at 1.5Mil mark and could fetch $1300 in weekly rent. I am planning this to be initally IP so I can depreciate, bring down loan amount in 5 years time before I move in and...

How about Little River it will fit your budget and Vline fits under one hour. If you don't like this direction see Diggers Rest

If you are trying to build block build and sell. Make sure you build house to the high standards so that it attracts good buyers. Don't even build an average home in this area to make money. The main reason the block can cost you around 500-600K if there is any available. Many buys here due...

Guys I am new to commercial property investment and found this deal as good in current market. What is your opinion? Here is the detail Private sale Office Suite in St Kilda Road, 58 SQM, One car park, currently owner occupied but willing to lease it back for 16,000per annum + outgoings...

I had found from different bank on how much they lend for farm properties. I haven't gone to all of them obliviously. Here is the list Suncorp 70% CBA 60% ANZ 60% Bendigo 50% Rabobank 50% Looks like Suncorp is the one which I know provides more lending for...

Hi Pats Looks like you are quite familiar with the area. I am happy to share the details of the property The property is situated 8Kms South East of Karoonda in Loller Road, Karoonda. It has 3 Bedroom Stone house, Renovated new bathroom, Power/Telephone connected, bore water through...

Hi Pats Thanks for your find. This one looks good and value for money as well. Are you saying 1140 Acre is not sufficient for farm operation by its own? I personally went down to Karoonda and visited few farm properties there. The area is fully of broadace farming mostly wheat and sheep...

Thanks for your replies guys. I had spotted three properties within by budget closer to Karoonda area. Quite suprise that I am seeing properties with more than 1500 Acre land and used for cropping/grazing. I don't know whether these properties are worth looking. I did called the realestate agent...

Pursefattener When you say I need to raise more funds to be serious. Could you quantify please. You also mentioned that there are many ways to do this. I would like to know what the ways? Graingrower As mentioned earlier my intention is to accumulate few farm properties for next 10...

Buster If the property has bore does this help out on a bad year where there is less rainfall. Why not many properties has bore in it. Is it expensive or need permit to put one. If it not expensive will it help to put few bores and be prepared for a bad year. Just a thought without any real...

Thanks Buster, Gools, SamSiam, Topcropper,Pursefattener for your replies. It is really useful information for my decision. Buster sorry for being ignorant when you say it may be difficult to get land under its capitalized value is it like getting a land under government valuation which...

Hi I am looking for suggestion from farm land experts to suggest whether I should consider this idea or not. I live in Vic and I already own few residential properties in NSW and VIC. Now, I am considering buying farm land within in 400K price range. First of all I don't know whether I should...

Is there a safest place in the planet to live? I don't think so. Use commonsense to do things at the right time you will be fine in any place. Different people have different lifestyle. Someone might pick Auburn for what it is offering and which suits his/her lifestyle within budget. Siva

Hi I have one investment property in Paramatta and also lived in 3 years in Granville close to Harris Park area. I can say I had no issue in renting out my investment property in paramatta. Always had tenant and no vacancy I bought it three years ago and now it is in postive cash flow. If you...

Laverton area is changing rapidly. For last three years I can see the price is moving fast and will soon catch up. Last year I could see price close to 230 and now it close to 300 and further the price was close to 200 three years back. New development is happening with close area all getting...

Yes I lived in Sydney and relocated to Melbourne. The converyancer is saying to settle with dispute and then take it to VCAT. I told them I need to talk to lawyer before taking any decision. I have to find out lawyer first thing in the morning and discuss this. If you guys can let me know any...

I am not purchasing interstate. I am in melbourne and buying the property in Melbourne. This is through conveyancer.

Inspite of my solicitor sending reply. The Vendor solicitor had written back saying that they will withdraw the fridge/washing machine offer by 5pm today. And if I don't settle by tomorrow they will send me the rescission notice. Which means I have to settle in next 14 days otherwise they take...

I did made few calls and it is a suprise that they are quote ranges from 40,000 to 60,000 without plan and permit. I never knew that this will cost this much and 2,000 compensation is something which I don't think is fair. I only have 4 more days to settle on this purchase. What do you mean...