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Yeah, I'm now shopping specifically for new/near new Townhouses instead of older renovated houses. God only knows what these renovators are trying to cover up when they renovate these old properties. As I'm trying to find IP's to hold onto until retirement, I want to buy-in when the property...

Well, unfortunately the deal fell through. Building and pest inspections uncovered major structural issues with the property due to previous termite infestation. We terminated the contract and have gone back to the real-estate websites to search all over again. Bit disappointed, but looks...

Just some interesting developments in the area: Frankston Station Precinct Improvement Project http://www.dpcd.vic.gov.au/planning/projects-and-programs/frankston-station-precinct-improvement-project $13.8 million to improve the area around Frankston railway station. ?The Coalition...

Thanks grand_dad. That IS a very good and cheap buy indeed. I'm not really looking to buy and re-develop tho. I'm planning to utilise SMSF funds to procure a number of IP's and hold onto them long term, which is why I'm looking for properties which are already nicely renovated, without...

Hi guys, Been lurking here for a while and find this to be a very informative Forum with lots of very knowledgeable individuals contributing! ;) I'm now thinking of buying my first IP in Frankston (Vic) for around the $350k - $360k mark, which has been very nicely renovated and has timber...