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Hello from Melbourne

Discussion in 'Introductions' started by Geemas, 25th May, 2016.

  1. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
    13
    Location:
    Melb
    Hi I'm a newbie

    Wish I found this forum 5 years ago

    Got 2 IPs, one in Bentleigh and the other in Melton Victoria . Looking at purchasing a 3rd one that's positively geared , still torn on location, considering low entry points, Ballarat, Bucchus Marsh or Melton South.
    Any advice most welcome.

    Strategy is have a few for capital gains and a few for cash flow.
    Also looking at setting up a trust, unsure how it will work with the properties that I have bought outside the trust

    Thanks in advance
     
  2. monalisa

    monalisa Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    314
    Location:
    Sydney
    Hi @Geemas
    Welcome to PC. :)
    What are your drivers around purchasing in the locations you mentioned?
     
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,154
    Location:
    Canberra and Sydney
    Welcome aboard Geemas :)

    Cheers

    Jamie
     
  4. peastman

    peastman Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    119
    Location:
    Melbourne
    Hi Geemas,
    Welcome to the forum.
    If you are interested in getting to know some of us a bit better, we regularly have a bit of a get together. Melbourne East group meets on the 2nd tuesday each month at a suburban pub, the next one will be on 14th June, probably in Fairfield. Melbourne West meet at different times.
    Full details are posted here Networking & Meetups

    There is no cost (other than optional meal or drink) and no agenda, just come along and chat to other property people.
     
  5. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
    13
    Location:
    Melb
    @monalisa
    Thanks for your response, my drivers are cashflow and low entry point. Got one thats negatively geared already and was wanting to get something thats positive.
     
  6. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
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    Location:
    Melb
    @ Peastman thanks will def join the West group
     
  7. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
    13
    Location:
    Melb
    Thanks Jaimie
     
    Jamie Moore likes this.
  8. monalisa

    monalisa Well-Known Member Premium Member

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    18th Jun, 2015
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    Location:
    Sydney
    What is going for these areas? Is there rental demand or are these mostly owner occupiers?
     
  9. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,468
    Location:
    Perth, Melbourne, USA
    Bentleigh has had a great run, what did you buy
     
  10. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
    13
    Location:
    Melb
    Hi Monalisa
    It's rental demand yield currently 6%,
    Any suggestions of any other locations with a good yield would prefer 7% and a good rental demand?

    Geemas
     
  11. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
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    Location:
    Melb
    @MTR bought a 2 bdrm unit 5 yrs ago
     
    MTR likes this.
  12. MTR

    MTR Well-Known Member Premium Member

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    Posts:
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    Location:
    Perth, Melbourne, USA
    good for you, surrounding median much higher, on a winner:)
     
  13. Geemas

    Geemas Member

    Joined:
    25th May, 2016
    Posts:
    13
    Location:
    Melb
    @MTR Yes thanks wish I had bought 2 that time but was a newbie to property then