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Not that good for an investor trying to buy now. It will rent for $220 per week, and the sale price right now is likely to be in the $240's. I wouldn't buy it if I was an investor, but I want yield and potential CG. We pais $155k at purchase, so our yield is decent. The problem also at the...

We would like to sell it because it would ease a cashflow problem we have, and allow us to finish the new PPoR off completely when we move in. I have had cashflow problems many, many times in my life, so this is nothing new. It'll just mean a few months of blankets on the windows, and only...

If you guys are earning this much per day (call it a Grand per day for the sake of the point), why are you even here? (other than the discussions and being addicted :D) You don't need to be concerned about the vagueries of property investing; where to buy, what's a good deal, how can I...

The unit next door was advertised at $269k. It has recently been renovated and looks nice. Sale fell over and is now back on the market for $269k. Ours - we did a reno on it just after we bought it in 2003, and has been rented ever since. Originally advertised at $269k with another agent (the...

What I think is irrelevent. It's all what the Banks think. All I know via my MB, is that post-GFC, banks will only look at Level 4 borrowers or above, and that is still pretty much the case from what I'm told.. Anecdote; the unit next to ours in Frangers sold last week. We are trying to...

I often wonder how he goes with this given the areas and (burnt out) homes he buys and fixes up. I looked at a number of houses in Country Vic a while ago. Could buy them for $60k, $70k etc, do 'em up and rent em out for $150p/w at that time. Problem was; not enough renters, and the areas...

The point being missed by lots of these types is access to funding. At the moment, access to borrowed funds is very, very hard unless you are in a very strong borrowing position... Most people aren't. Spring - my prediction is a few top-end sales where the stronger fin positions may be, and a...