I'm Canberra based, have been using Richard Morgan in Sydney. Goes by Morgs of Freedom Funding on this board. I'm on to my second investment...
The clearance rate reported for today was 49%. HIgher-end houses and units/townhouses seem to be doing better.
I went to a couple of auctions today in the Belconnen area. Both passed in. Both had 3 bidders. Auction listings have fallen sharply in the last...
UPDATE I ended up buying one in Charnwood in March 2021 for about 650k, about 1000 m2, 1970's house, 3bed-2bath-2garage. I'm looking to buy...
There's also the issue of insurance coverage if the prospective buyer trips and breaks his knee on your property:) I'm of the view that it's your...
Was it sold as vacant possession? edit: I meant, currently tenanted, but vacant possession on settlement.
I'm new to landlord insurance and building insurance. I got NRMA building insurance on my IP (worth 700k) right after auction 3 months back for...
I couldn't find one in the services directory, so thought I should ask here. Can anyone recommend a building inspector in Canberra? Need one at...
All around the ACT. There was one that I went to maybe 3 weeks back. Was told around low 600s, sold for 740k if I remember right. Was in...
For those looking at IPs in Canberra, how has it been going recently? I'm starting to get frustrated: many houses are being pulled off auction...
Thanks for the response! The grant is still about the same, also no stamp duty, but the living time is 12 months now.
Seeking comments/feedback on this situation: Sam, aged 19 yrs, will be living with parents for several years to come (part-time Uni for 3-4...
I was under that impression, someone please correct me if I am wrong. (not only from reading the posts on this forum, but also from discussion...
That too is an investment, isn't it? :D (hope the wife doesn't read this thread;))
It's Canberra's turn now! Not sure how long it'll last.
Yeah, they are not too investor-friendly!!! But on the bright side, the rental market is pretty good!
Didn't they start renewing the crown leases a few years back? iirc, some of the oldest leases started expiring.
That's a nice way to do it! Thanks for the response!
Nice! Who was the builder? Did you have the garage knocked down, the flooring removed and then the granny built in that spot? Thanks!!!
Blocks >600 m2, both for CG and GF (ACT requires >500 m2 for GF). Looking at price range of 550k-650k, so will be old house. However, not really...
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