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It is completely different than the US. Australia is Australia. While there are some diffences between the States, you do not have the same level of differences to buying overseas and no currency risk. It is only a couple of hundred $$ max to fly interstate and check out an area. You can go...

It is true, the house was vandalised, however you need to consider that the housing department let them sit for over 12 months empty before they decide to sell them. They then go to auction, and from there, if they are passed in, some of them will sit there a bit longer still. This home had...

It's research. Before you buy anything, you do your research and know what is good value in any area. Just like if you were to buy something in your own street, if the going price for something of a specific quality is $300k, you would not pay $400k for it, but if someone mistakenly advertises...

In Nathan's example the purchase price is $200k. A 90% loan for this is $180k. Reval @ $240k means that 90% of this is $216k. $216k-$180k=$36k.

Three in a row does not mean that there is not value there my friend. Mine was bought around 8 years ago, so of course the purchase price is going to be low. Nath's one was a "special case" that he was able to grab. I would have done the same if all my ducks were lined up in a row and I was...

While it might not be the norm for a young person to have a large amount of cash sitting in the bank, those that want to achieve something quite often will. Point in case is my daughter. Here we have a 21yr old with more in the bank than the example that Nathan gave and on a much lower salary...

Easy! Don't buy down there. The good thing about property is that it is located in all States, even all towns, large and small. YOu are not confined to purchase something on your doorstep, so if there is nothing near where you live that makes a good investment, look elsewhere.