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I used to use this line 6-7 years ago and from memory it didn't go through the loop? Was a pain getting off at Richmond then changing Back on topic, $1.6m should buy you something just about anywhere in Bayside (bar golden mile stock and very close to beach). It's just a question of how much...

Tabacco!!!!

I think it will depend on China and I/R movements (to state the obvious). Probably leaning towards a period of stagnation

Speaking to local agents in the Essendon area, they're having an effect here and in Strathmore. Sometimes offering 15-20% above advertised price prior to auction. That fits with the theory about them buying around quality schools and I should say is fairly restricted to those two suburbs...

No - I work in property finance in the private lending area. I cant comment on either Rocketman or Bigtone however which is what I was responding to (or anyone else reading this for that matter) Was just putting other ideas out there. Of course you're right about if property is down many...

Buy a business or use the cash out to fund a new one, shares, managed funds, fx trading or even buy a property with approvals to develop. Many options other than buy and hold property investment

Never heard of a bank doing seconds. Be prepared to pay anywhere from 2% to 10% per month

lol Been there a few times myself and havent noticed a stench. I wouldnt live or invest there though For the price of a nice house in one of those estates surely you could get something on a bit of land just outside town? Not like the estates are central anyway....

Might be best to go look here http://bc.whirlpool.net.au/

Depending on your requirements for the house itself, Niddrie might be perfect. If you're after a "nice" house though you could be dissapointed in that price bracket. If you're prepared to live in something small and not renovated maybe also look at Pascoe Vale South Oak Park is also nice...

On second thoughts not worth explaining it to those that cannot stand on their own two feet

The super wealthy dont typically bother with residential property outside of the PPOR and a holiday house. The super wealthy understands the need for cashflow so stick with a mix of tennanted commercial IP's and the occassional development. And this thing about mainland Chinese you keep...

As mentioned, anything within 5km will be fine for transport and infrastructure. What might be more of a deciding factor is your budget. Big difference in price between say Sth Yarra and Flemington

If I were to be given a house anywhere in Melbourne I would choose Toorak simply because it's the most expensive suburb. I would then sell the house and most likely buy something similar in Brighton if I got my way, but if I'm being realistic my wife would get her way and we would stay put...

That 34% gain though, was that the whole suburb, just houses, or just apartments? Does anyone know what the gain was on apartments only? For the record I dont have an issue with Footscray, but I would probably only consider houses

Actually unless each of the three people has a high enough taxable income to service the entire debt on their own you may have problems with this

A caveat can be used to recover legal costs as long as long as permission was granted to do so. If a caveat has been lodged without your permission you can have it removed. Your solicitor would have to read anything and everything you have signed or put in writing very closely though as it...

The owner was also recently in the news as the first (or one of the first) Aussies to book a ticket on that Virgin Galactic flight He's done very well for himself

Valuations need to be no more than 3 months old. Maybe because this one is coming up to or already right on 3 months old, the bank figures by the time settlement comes round it will be older than 3 months hense they ask for a new one

This is exactly the reason we went with another make over a BMW. I'm sure the run flats are great but I cant wrap my head around them. It's been a few years since you've been able to buy most if not all BMW's with "normal" tyres