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That's what I thought. Cheers Jenko!

Hi Jenko, Yes. $450,000 was the initial offer, then the vendor said they will give it away for $465. Friend stayed firm on the initial offer, they came back and said done deal. Could've done better in my opinion though, its just emotion being involved with the purchase that sorta killed the...

Just want to update you guys on the progress. My friend offered $450,000 for the property. Vendor agreed on the price and is now organising final documents for finance. Thanks for the comments! ;D

Thank you everyone for the comments and advices. He is considering other properties in Inala, but his family "fell in love" with this house. They plan to convert this IP to their PPOR. I keep telling him to make up his mind, he can't mix investing and personal stuff. Don't get family...

Buy and Hold for this one. Will be his first IP purchase and would like to accumulate more properties from the first buy. Which site can I check to determine the growth percentage of the area?

Thank you T.E. Apparently last year, the rental yield on houses in Inala is not really good compared to units. Just basing on the post of Jen from last year. http://somersoft.com/forums/showthread.php?t=91051&highlight=Inala&page=2

Hi Guys, A friend if mine is considering purchasing this property. I have no clue what the area is like (Inala QLD). and doing a quick search on the forum doesn't give me much info about the place. Can you please let me know what your thoughts are on the property? Reasonable sale price...