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How old is the protected tenant? I they are 70+ (and close to end of normal life span) it might be a good oppurtunity. I cant imagine there would be to much demand which would leave the price very much open to negotiation. Matt

Hello NH, Yes all settled and moved in. So far so good. My issue then was with advisors in general and there attidude towards starters out. Not so much real estate agents. Remembering im paying my advisors where as the vendor is paying there real estate agent. RE'S are working for the...

I have to admit i think the frankston agents are below par but having said that i agree with this post. The agent bashing has gone on long enough. I also find it absurd that agents are keeping prices depressed. Agents beating the law of supply/demand. I HIGHLY doubt it. Kind regards...

Where did you read this? Matt

Birds can potentially be a double edged sord. To many of them and they wake you up at the crack of dawn every morning. Matt

If it was an apartment your after id personally go closer to the city. Frankston is the place to buy full sized blocks with future development potential. Just my 2 cents. Kind regards, Matt

I could be wrong but i think FIRB is when foreign entities must seek permission to invest/buy australian property. Could be wrong?? Be interested to know for sure.

Toni, Do all your places have development potential? Good post! Matt

PM, I am no expert but i don’t think you can really compare a 2br unit with a 3br house. I would think rooms play a major factor in determining the rent therefore it is harder to compare rents/rooms/area. Too many factors for a newbie like me! What’s the rental return like between a 3br...

My block is 650sqm front house is good with rental return around the 5% mark. I can keep it, or develop the site. Wont be a massive development just something to sink my teeth into.

Having a large block of land does not necessarily mean you will have a large house sitting on it. Ultimately tenants are paying for the building so weather the land which the building sits is 500sqm or 1000sqm is mostly irrelevant. Obviously to the developer the land size is everything...

Well Said Spider.. All very good and valid points.

Yes i am 24 going on 25. I studied Finance at Uni and the one of the main points i took away from the course is it's about "Time in the market, not timing the market". Which is why i am starting so early. If i had the equity, no i would not develop a f.north place now, as you said minimal to...

Hey PM, With the F.North option i personally wont be sub dividing for ATLEAST 7years. I am still young and have time on my side so for now i am happy to buy the cheapys and develop much later. For a start i dont have the equity or experiance required to make it work. Please keep us...

HEY PM, We looked at Seaford prior to buying in Frankston. The prices on the freeway side of the beach in Seaford where pritty high from memory. The local agents call in the "Golden Triangle" or some crap like that, Agent **** if you ask me. It is a 5min walk to the beach. If you...

Just an update. Curiousity was getting the better of me. Had a quick look on RE.COM.AU The first is obviously a hole if it is calling for tradesman/renovators...

Hello PM, I have a place in the south and the north. To be honest i think the north has more potential. Sure some of the current population keep there places looking a little run down but fundamentally i dont think there is anything holding the area back. For example as an alternative...

I assume your an agent Funkysouth?

Thanks for the replys guys. :)

Not wrong there!!! Cant the mods do something? Newhigh, As a buyer wouldnt it be best if we seek out the agents whom are constantly selling below the median house price? Sure they might be tools but at the end of the day if they are pushing the vendor to sell cheap that will only benefit us...