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Jingo, Well done mate! Thats some nice equity gain in such a short time! ;) Ozi

Hi jingo, I'm just wondering what something like this property would rent for? I'm guessing the yield wouldn't be too crash hot? Is there scope to add value to this property, or would it be purely a buy and hold? Thanks. Ozi

Hey may have no choice but to do so if things continue the way they are going. Unless he looks elsewhere. :p Ozi

Heheh yes that property would have done well but who would have known. If we could go back in time, I'm sure many of us wouldn't think twice before purchasing some of the properties they were over analysing at the time :rolleyes: Cheers, Ozi

Hi Jen, I agree with you. Last year this property probably would have went for around $350k. The interest just wasn't there to push prices up so much. Thats not to say every single property in the area has gone up this much as this one is unique. But prices have definately moved. Cheers, Ozi

I must admit, the property was a rare one for the area. Its a large period style weatherboard on a huge block. It had a frontage of about 20 metres and roughly 670sqm in size. This in itself is quite rare for the area and being on a quiet picturesque street definately added to its appeal! So...

Hi jingo, Yes the market has been rising since mid-late last year in the areas I'm looking at. It has really picked up since the start of this year though. I managed to purchase one. I'm looking for another one but its getting more and more difficult. Hopefully the rents start rising a little...

I think one of the drivers would have to be shortage of stock. It all comes down to supply vs demand. At the moment there is more demand than suplpy. Whether this will continue throughout the year I wouldn't know. Regards, Ozi

I looked at a property in West Footscray about 6-7 months ago, initially advertised for $300k+. A couple of weeks before the auction the property was pulled off the market, then re-listed again about 6 weeks ago. Now they were quoting $320k+. Two weeks to go till the auction, they increased the...