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Alex, IMHO selling is not a good option in these areas. Buying and selling costs will eat away most of the gain. Say you buy a house for 310k and renovate it by painting and changing the kitchen. House 310k+buying costs 10k+Reno costs 15k =Total 335k. Say you get it revalued at 365k, you can...

We bought our PPOR in 2012 (lucky we were able to borrow from relatives and friends to put a deposit) and made a sizeable CG. Used that equity to buy the 1st IP and renovated it and used that equity to buy 2nd IP. But 2nd IP price wouldn't go up. So we borrowed again to buy 3rd IP. Then sold...

Yes, it is harder now but not impossible. Each time we thought we won't find another bargain, something did come. Actually we moved our price range. Till last December, we were looking to buy between 280k-300k. (Gosnells, maddington) But now 300k-330k is more realistic. That price range is for a...

As we are selling two, we will end up with 3 IPs only. And buy another which will become the PPOR. No cash buffers :D My after tax income is 38.5k. And my partner takes home around 35k. She has been working full time during the last 18 months. We live on one income and invest the other. But...

In Gosnells right now, it will be very tough to find a sub dividable property for 330k. 360k-370k is more realistic. And if renovating in these areas, better plan a 20k renovation unless it is a 4x2. IMHO, 30k on a 3x1 is over capitalising here. But if you keep looking, you definitely will...

Only one of our purchases is subdividable. A house can be fitted in the backyard without demolishing the front one. But no plans to build anytime soon. May be sub divide and sell land. Hopefully during the next cycle, we will be looking for dev sites. And yes, in a gosnells it is hard to sell...

Hi Alex, yep there are lots of possibilities. During last 12 months we got 6 offers accepted and bought 5 IPs. All within City of Gosnells suburbs. All in my opinion are 5-10% lower than what they can achieve if they are to be sold. (Knowing the market helps) * 1 bought before it hit the...

Good, a savvy investor can make money at any time of the cycle! I reckon you mentioned elsewhere that you are looking at properties with potential to add value. That way you will make money!