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Yep Sydney is a joke at the moment! :) Speaking of Frankston, are there any new developments coming up in the next couple of years that anyone is aware of? The area hasn't really done much over the past 3-5 years in terms of capital gain. Had a look at a few options out that way and it seems...

Thanks Jake! That's some great advice. To answer your questions: One of them is our home. We are on a 80% LVR through our lender to fund the purchase. Our debt after this loan will total $1.126 million across the 3 properties. Our current total available equity is $406,000 across our existing...

Hi Peter, Thanks for the advice! Good stuff. Ringwood does appeal to us, it is really a nice area and plenty of developments going on that you would think would add to capital gains over time. Certain parts of Ringwood North and Heathmont even return decent rental yields. If we could get...

Thanks Beanie Girl! We'll have a look into it. We've always been biased to the south and east having grown up around here so we are quite oblivious to other potential suburbs on the north and west. Appreciate the suggestion :)

We are still very interested to get some feedback of good areas n Melbourne (leaning toward the outer East and Bayside areas), areas where steady capital growth will be achievable and relatively good rental yields. We are shopping in the $600-700k bracket so areas in this range would be ideal...

Thanks Peter, that's good feedback. We plan to see a financial advisor so we can crunch our numbers more accurately. We are still in the very early stages as you can see.

$690,000 x 4.27% / 12 months = $2455 per month interest $460 rental income x 52 weeks / 12 months = $1993 per month income I know we haven't taken into consideration additional holding costs but this was just a rough calculation to begin with. Financially we are able to service the loan...

We have decided it would be best to talk with a financial advisor to review our plans and discuss other possible options for our investment strategy. Can anyone suggest a good one in Melbourne in the mid to outer south eastern suburbs? Thank you

Okay thanks Jess :)

Hi Jess, I still have some available equity as well as a share portfolio that I plan to covert into a deposit to finance the subdivision when the time comes. The $700k is just for this purchase. We are projecting somewhere around the $350-400k mark for the subdivision costs including...

Thank you all for your responses! Jake, Currently we have 2 properties. Nil practical experience with sub-divisions. We plan to sell both or possibly hold onto one depending on our circumstances at the time. We are keeping this decision flexible depending on market conditions and our own...

Thanks for your reply. We've worked it out based on a $690,000 loan at 4.27 - 4.77% (current rate is 4.27 with consideration of a rate increase or two along the way) and a rental income of $460. The rental income may be more or less but we are prepared for the monthly servicing costs if it is...

We are prepared for a negative geared property (calculated to be about -$400 to 500 a month between 2 of us based on our interest rates), which we see as serviceable and worth it in the long run. We are hoping to undergo the subdivision within 12 months of the purchase but that is really...

My partner and I are looking to purchase an investment property together. Our finances have been approved to the value of 700k for the purchase itself. Our immediate plan is to purchase a house (ideally minimum 3 BR) on a block of at least 600sqm. Our medium term goals will be to renovate the...