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Yeah I pretty mych agree that it is not a great deal of $$$ providing the PM does their job well :) Does anyone have a good PM they would recommend for Coogee, Sydney? Also looking for one in a couple of month for Kingford, Sydney Thanks

Hi there, We are just about to buy our 1st IP and I was wondering who here uses a letting agency to look after the property. I can understand using them when you don't live nearby but are they worth using when you live close and can keep an eye of the property yourself? Thanks

Thanks for the info guys. Both of these responses are useful. Cheers

Hi forumites, I have been working out how much it will cost me and my partner a year to hold an apartment worth 300k as an investment and was after some feedback. Lets say we borrrow the full amount, my calcualtions are: Costs Interest $27,000 a year (based on 9% interest) Strata...

Hi forumites, Me and my wife are looking at buying the Brunswick. I have read quite a bit on the forum about the suburb and also have friends who live in Melbourne that say the suburb is very up and coming/trendy. With the current heat in the inner city suburbs I'm finding it difficult to...

Hi Redsquash thanks for your tips. I think you misunderstood my meaning of 'fancy'. I just meant I fancy the suburb, not that the suburb is fancy.... It is interesting that you say it is like parramatta though I have had other compare the place to Newtown Good info all the same though

Thanks DavidMC, Yeah I have been looking on REA and Domain but it seems like it would need to be more like 550k to get into the market with something that wouldn't need to be completely renovated. How about areas like Thirnbury or Moreland? I don't know those areas as well though

Hi Forumites, I'm looking at investing in the Melbourne market and particulalry fancy Brunswick. I'm wondering if some locals could tell me if they think it is still possible to buy a house in the area for 500k? Thanks

The other thing around this area are some of the studios may be near housing commission. Anything that is worth 200k in the heart of sydney definitely isn't receiving the same sort of capital gains as everywhere else. Is 200k the sort of money you are looking to invest

Thanks DavidMC. I thought as much. Cheers

I'm wondering if anyone has a quick formula that works out roughly how much the bank will lend you. I have 1 IP but want to work out how much the bank will lend me for my second? Thanks

I was agent in Sydney a few years back but still think that commision is between 2 and 3percent

I'm not entirely sure what you mean by giving away your reserve but I would say that a higher price could just scare away real buyers who think it is out of their price range. I think getting price right at the start is very important as most people when looking to buy know what they want and...

I'm 27 and bought my first IP last year and looking at the next one in the next 6 months. I feel old compared to most of the comments I have heard but still think that all of us have done well. I like to keep a balance with enjoying life and investing in property. What really helps me is...

Hi everyone, I'm hoping to secure my 2nd IP this year however this year I'm looking interstate. I was wondering if before buying interstae do people go and visit the area. I'm happy to buy without physically viewing the property but then also wonder how easy it is to be able to trust the...

Hi fellow forumites, I'm keen to purchase my 2 IP in the next few months and have been looking at Henley Beach in Adelaide as an area of interest. The difficulty being I live in Sydney and so I'm looking for any recommendations from the team here of who any good agents in the area might be...

I guess it is a little like using a buyers agent without as much help. I guess he wouldn't be giving away the locations of any of these properties without first having some type of commitment from the buyer?

Rob I have a similar mentallity and would be very interested in suburbs like Leabrook for aprtment investing. I'm wondering if you have any other suburbs that you would look at at around the 250k mark? Cheers

yeah that is a fair enough point dazzling, I guess not everyone feels as comfortable about talking about numbers as others :) It wasn't my intent to make anyone feel embarrassed or threatened, I just think that it is a bit irrelevant to say how many you bought when there isn't a monetary value...

Great post. It would be interesting to here the values of the IP's people are buying as well. I bought my 1st this year a 2 bedder in Kingsford for $416k and now looking at a 2nd in Nerang for 250k which I hope to secure early next year .