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Hey guys, Just wondering what you guys think in terms of buying houses near powerlines? If a house is say 1 street away from large power lines (not just street power lines) but they are not visible directly from the house, will that impact on the values and capital growth of the home? The home...

Hey guys, Given that with tools such a pricefinder and RP data all the past sale and attribute information is available for entire suburbs, how can one use this data to determine the market value of potential purchases? For a lot of areas there seems to be an inconsistency or seeming lack of...

The property is in Western Sydney and does not meet the 10 day approval process but I've phoned the council and they stated that submitting a request should do the trick. Thanks

Hello all, Given the current boom we are seeing in house prices all over the country, it is no surprise that Chinese investors are jumping into the market by the bucketload. Many of these Chinese investors are choosing to invest in large complexes of OTP apartments in growing areas, including...

Hey guys, Just wondering if anyone has a general checklist of things to consider when looking at houses to buy to build a granny flat in. Currently I have: - Wide frontage (more than 12m) - Land Size (450m2 or more) - Easements (not sure what is required in terms of this) - Sewerage...

Hi guys, been having a look around the inner west for deals and there is not much that is not at auction. Been hooked onto 3 properties in 3 different suburbs, just wondering if I could get some insight on the pros and cons of each from the inner west experts. 1. Newtown Great location, 10...

Hey everyone, Was just wondering if you guys have any tips on buying in inner west areas? There seems to be a glut of auctions happening and frenzied buyers willing to buy. Is it wise to put in any pre-auction offers or simply attend the auction and set a maximum price? Thanks

Hi guys, Was reading Gavin McPherson's book regarding a "value" approach to investing in property (he sells it as if Warren Buffett was to invest in Australian residential real estate). Anyway, he outlines the old mantra of "land appreciates, houses depreciate" and tries to quantify this in a...

Hey guys, Recently had an experience with a 'family friend' who works for a 'property investing alliance'. Ended up to be selling OTP properties in large blocks of 100+ with 5% rental guarantees, the company purports to be "taking the headache out of property investing for investors". Whilst...

Hey guys, Just had an offer accepted of $291.5K on the following property: http://www.realestate.com.au/property-apartment-nsw-jamisontown-114308767 Block of 14, mortgagee sale Numbers: Rent: $340-350pw Strata: $725pq (550strata/175 sinking fund) Water: $175pq Council: $225pq LLI: $350pa PM...

Hey guys, Have an apartment in Sydney which is a 3/2/2 and currently renting for 520/pw and it is definitely under market value rent, question is by how much? Looking at comparable properties it seems like newer 3/2/2s in slightly (barely) better locations are going around the 620 - 650 mark...

Hey guys, I have a question about vendor bids. There is a situation where a unit was put to auction and I am trying to find out the price it sold for from the information the agent has provided. The agent states that the starting price was 240 - 250K and a vendor bid of 290K was made during...

Yes I know I'm a bit late to the party, BUT, from what I've heard there will be a 2-3 year boom in property in Sydney. Do you guys think this will be worth overpaying for 2 bedroom units in the Jamisontown, Kingswood, St Marys, Penrith area on the account that the price will continue to go up in...

Hello guys, Does anyone here know much about Freshwater ? I was thinking that it would be an in demand due to the proximity to beaches with a possible view to increasing demand in the future with the beach as a limited resource. It seems like there are a few schools around the area as well...

Hey guys, I was just wondering whether these record low interest rates are making now a bad time to buy an IP. Seems like there are reports everywhere of prices and auction clearances skyrocketing with the media preaching the wonders of the property market. Would you guys consider now to the be...

Hey guys, I only have one IP at the moment which was recently refinanced with the equity converted into a sum of money into the offset account. Previously it had been paid down to about 67% (money paid directly into the mortgage - not offset). With this new sum off money in the offset...

Hi guys, I'm a bit new to this property investment area and was wondering how you guys deal with requests to fix things in your property that are broken, particularly those who have properties hundreds of kilometres away. Just got an email from the RE agent who states that the lights are not...

Hey guys, I'm looking to purchase 1-2 more investment properties this year and was wondering how you guys usually determine where to even start looking. Because I work part time only at the moment (although pretty much full time hours) I only have a limited amount of time to play with. In NSW...

Hey all, Long post ahead. Our family has had an investment property in our name for about 3 years now. The value of the property has fluctuated between 450-480k over that time and it has been rented out to tenants for $480/weekly through an REA. I've recently become interested in property...

Hi guys, I am in my mid 20s and recently became interested in property investment in providing for the retirement of family members and also not having to rely on the job market in the long term. I have a relatively stable job at the moment, as does the family member. We are currently pouring...