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No but for another $80k you can get brand new and waterfront in Homebush - rent potential $700 per week. Another $80k isn't possible. Sorry

Sorry, yes 1st investment/FHOG :) Its amazing, there are really nice large family homes on big blocks!! Its just a case of travel!

Ill consider places like that due to location. Its amazing what $400k buys in Penrith! Fallback, well i dont know what will happen to my current situation and it would be handy. As a first home owner, I also need to live in it for 6months..

Thanks for your reply. I can see what you mean - what if I need to move into it? Ill never live in those suburbs you've mentioned in NSW. Melb is out of the question as its simply too far away - I must be able to see/reach the property and live in it if I have to.

Im not insterested in anything in Frankston, but I hear what your saying. I want to buy around my area, or areas that I know. You're right, there isn't much scope for value adding. This is about all I can afford, I was attracted to it due to having 2 bedrooms. Car space and age isn't ideal -...

No one? :)

based on $400 rental per week , $300 insurance, $1k in maintenance, $868 in rates, $1633 in strata but EXCLUDING management fees based on 4 weeks vacant its 4% If its vacant for 2 weeks, its 4.11% Im unsure what management fees are and if my other costs are correct Got a RP data report for...

Hi Guys I've just made an offer for a 2bedroom, 1 bath and 1 car space in Coogee. It's a older red brick 60s style complex of 4 floors. 76 units in two strata plans. Car space is opened aired under the building, interior is roughly 62sqm, 12 for the car space. Kitchen is fine, new carpet/paint...