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agree, if you split it up into 2 residences, then you have to do a work to it (I assume) seal a door or two, put in a new kitchen? (assuming there is only 1 kitchen) plus youll get 2 x 2 bdr semis which are a pain to rent

past prices are not a indicator of future growth, it might work in a negotiation scenario, but the economy works on current factors, no one will say, its worth $200k however, since it sold for $220k 5 years ago, lets make it worth $210k

yes they do, after consulting with agents/valuers etc. etc. I have a contract in front of me, unless they have sold since 2pm yesterday

I wont be able to get the price down, in fact negotiations are above asking price, so im not in a very strong position. I dont mind the work, but new HWS, new copper, you are looking at 6-7k on that alone, so you have to allow for a minimum $10k on top of buy price to get it rentable yes...

currently negotiating on this one, either for myself or clients http://www.domain.com.au/property/for-sale/house/sa/elizabeth-east/?adid=2011871136 however, one of them needs a metric load of work, no HWS, no copper, termite damage, holes and internal work, putting it up, as I probably...

but frankston is sooooooooo awesome......how can it be!

maybe they want to overtake the "we love frankston" thread :D

$250k for the pair at 1100sqm in that suburb, as long as no easements is a great price!

not quite eliz downs, but this is back on the market, http://www.realestate.com.au/property-residential+land-sa-smithfield-200784675 Not too badly priced even though cashflow is poor if you could take advantage of its business potential, might be a good site

True. It'll need a couple of $1000, obviously a yield strategy on that one. You could buy next door and make it a super yield as well :)

Would be how much a run down semi on a tiny plot of land goes for in terms of land value Will keep an eye on it

as the saying goes, "past performance is not a indication of future performance" As DT says, Previous purchase price should only be used as part of the negotiation process, or to get a gauge of the investment cycle, paying $250k for a house thats worth $200k now, when the previous person...

ive been involved in 6 transactions in 2014 sub $160k for 600sqm freestanding home, so there are heaps out there

For the record, ive just found a great handyman in the 5113 area, really reliable and old school older guy very affordable unlike most of the younger guys wanting $50+ per hour top quality work honest PM me if you want his details, (only once he finishes my jobs though :)

im finding agents in the area get quite cocky easily when the market is warming up or is up, some of the agents today, reckon that a 600sqm in elizabeth, Housing trust in original and pretty shabby condition are worth $180-$200k, with 900sqm ones worth $200k+ Id like to actually see them...

if you included all teh drugs in the suburb, it would be worth $10m+!!!:D

try this way, like I did, call up a good agent, tell them you heard a rumour that the owner of the property is looking to list the property, dont tell them you own next door, and if they are proactive or have some time, they will find out who the owner is and contact them

ive got a really good handyman in the general area, quite cheap as well if you guys want his details, please PM me

couldnt agree with you more, the hard part is working out whether they are SS investors, investors or OO buying ! :)

Sold for $151k, not to me ;) apparently 18 offers