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Congrats batgirl :) Hamilton is a top place - you should do well. :)

Speaking as a LL, I sincerely hope not ;) Yes, I don't see a solution anytime soon. They are fee paying and as such are always welcomed. The D&G's reckoned it was going to happen when all the FHBs buying their own places did not need to rent anymore. Hasn't happened yet - maybe it will be in...

To get a rental yield of between 6.5% > 7% you need to buy for around $220K (incl a small cosmetic make-over) that will achieve a rental of around $280pw.

It will not have a 1 in front of it :) If it has a 2 in front of it then it is a run down house on a main road (generally). You can get 6.5% easily enough.........7% just needs more work (either looking to find or in reno to be done)

Your requirements are pretty open and need to be refined before I can answer properly. Every house in every suburb is "rentable" or can be made so. Properties which you can reno to add value to, exist in all suburbs too :) What is your definition of "affordable"? Correct, there is not much...

Agreed. New Lambton has done very well in the CG stakes. batgirl, back to your initial question for a moment, if you are seriously thinking of buying near the Uni with the intention of renting out a couple of rooms then ideally you need to buy within 800m - 1,200m walking distance. If this is...

Why not? :confused: If you are going to calculate 10 yr CG trends then you have to account for booms (and busts) and flat periods over the whole period. Agreed BUT the point I was making was that while many parts of Australia were taking a "hit" in the Capital Growth stakes in the midst of the...

Holy schmoley batgirl you just found yourself one agent who lies. Birmingham Gardens did not blink once thru the whole Golbal Meltdown. 2002 & 2003 = +40% and +30% respectively. 2007 = +2.0% 2008 = +3.5% 2009 = +2.2%

Apologies in advance for the dissection of your post ;) I can't comment unless you mention specific suburbs. Which one/s do you think are overinflated? What is a "normal" market rise? :confused: It is clearly a sellers market in Newcastle at the moment. There are still bargains to be had (as...

Monsoon, this is the kind of thinking that keeps people broke. :confused: I'll tell you why using an example of a purchase I made in the share market. Rewind a couple of years. I bought BHP at $26. It fell to $23.:( It went back to $26, then to $28, then to $36. I wanted to buy more. Do you...

They are OK but only have very shallow sales history (i.e don't go back far in time) on a prroperty. To find or assist you with market worth you really need a CMA (Comparative Market Analysis) report which is still unavailable in onthehouse so far.

Hi NewMatt, I guess your nick is because you are a Matt that is new or a Matt from Newy - either way welcome to the forum here. You can get 2brm decent units in New Lambton starting from $250K. I don't think it is necessary to spend $330K on one that only has 1brm. You can certainly find...