Search results

It is still not bad..... Lots of people bought houses in he better areas for 450500k and they are now worth about 600-650k during the same period. Their profits are lower...after stamps and growth. I bought my place in Melton South for 155k in 2007....it is now worth about 250k. I am...

Why did you sell? Have you reached your $5m goal already? :) Guessing from what you posted...the profit is more like $70k... House price $215,000 Stamp duty $ 9,000 Legals $ 1,000 Selling Fees $ 5,000 Cheers Sash

I beg to differ.....buying now in Wyndham shire for say 250-300k ...would make this asset worth about 400-500k for the asset in 2016. Why because....in 5 years time...the median wage will be 80k annum from the current 60k. That also means a family on 1.6 median wages....about 130k could...

No offence taken. Considering I only put down something like $45k (including stamps, legals) and hardly paid anything else on top.....I can live with a paper profit of about 370k. That is about a 822% return on equity. You do realise that is about 12-13% growth per annum on the overall...

Just positive without factoring in artificial deductions like Depreciation. Won't be selling as they still have a lot of growth. Just checked Weribee and Hoppers X prices....very little under 300k. I bought the Werribee place for 130k in July 2006. It is within walking distance of the...

Just capital growth. The 3 properties I mention return about 41k per annum or about 9% return on all of them. Still plenty of growth in these areas....as they are affordable. Similar distance suburbs (i.e Springvale, Dandenong) which are not as nice in the South East cost 30%-50% more.

Lets put it this way....I invest in places you don't such as Werribee, Springvale, Melton South, Frangers, etc......... Lets also say as a result.....these places have made me a small fortune....just in Melbourne alone it has returned $375k on $455k in less than 5 years. The equity position...

Already have one in Werribee and one in Hoppers Xing This is despite the naysayers saying the West of Melbourne is no good. They should look at where immigrants are heading.....

Very simplisitic.....you might have bought in Carlton for say 550k and it is worth 800k today. If they bought the same amount of property in Melton 550k worth about 4 houses then. The return would be about the same. The only difference is that your Carton property would have cost you...