VIC Inner city ring Melbourne

@The Y-man I purchased a townhouse last year that I have only this week realised may be in the East-West link path. I am currently freaking out that if it goes ahead, I will have to let them acquire it, but what happens if I am no longer eligible to get the same amount of finance needed to buy a replacement property? Does it mean I just lose out? Is there any link or website that you can check? Nothing came up when my conveyancer looked through it all at the time of the sale, but due to the project being canned I would assume that nothing would show up?

 

Tiny vacant block in Melbourne laneway up for grabs

Would be a pretty good opportunity

 

508-508a Punt Road South Yarra Vic 3141 - House for Sale #128991286 - realestate.com.au

Does anyone know what the catch is with this property just listed?

$950k to $1 mill seems stupidly cheap for a 8 bedroom property in South Yarra on 550 sqm (even if it is right on Punt Road)

Maybe it has a heritage overlay?

 

Yes it has a heritage overlay and also a public acquisition overlay. Could also be underquoted although I haven't been following the market in South Yarra.

 

Would you buy this for investment?

8 Smith Street, Collingwood, Vic 3066

 

Noted, thanks.

Just cashed out from stock market.

If you have 1.5 m (can borrow up to 3 m if I’m confident about the CF to service this), where would you invest at the moment for very long term for CG and CF? Something safe, resilient to price drop most importantly.

I have been suggested blocks of low-rise units within 10 kms of Brisbane, renovator with at least 600 sqm potential land near uni/college or near train in Melbourne (near Caulfield, Chadstone, Box Hill, Clayton, turn them into student accommodation with 8-10 rooms (is this legal?) or buy lots of apartments near Melbourne CBD, furnish, turn them into short stays and get a manager to manage it.

Any input is welcome.

Thanks.

 

Or stay sideline?

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And earn that 2.5% per annum fixed deposit?

 

Yes, I hold Australian PR and wife is Australian. No problem with FIRB.

Rental yield in Indonesia is very low. But there are a lot of opportunities here with knock-down prices from desperate owners, bank seized land, develop and sell. Manufacturing is booming, industrial land in many areas are over priced. Then again, it’s another story.

For Australia, I already have 1 investment property in Mitchelton, Brisbane. No CG so far, but rental yield is not bad 3.5% net.

Still a newbie, so I hope to get more insights from you experts.

Will read into the roaming house operator rules. Do you think it is worth it?

Block of units seem like it for now.

I have a friend running 12 units of short stay with only 1 manager. Cleaning etc, outsourced.

I know we can’t get them all, CH, CF, safe. But what’s the second best option if you’re me for a long term investment? Thanks for your opinion again

 

Not desperate for CF.

For stocks, most of the time I just trade, mostly long trade. Got really lucky with BAL recently. It’s just too uncertain for stock market at the moment and it is ripped for shock moment as I feel income recession is coming soon. Trump’s trade war has done a lot of damages that are yet to be felt.

I will still come back to trade once in a while when opportunity arises but in much smaller bets.

 

I would prefer Melbourne, any suggestions? Any government planned infrastructure project? I wonder what’s going on with the Eastern train line, through Doncaster.

 

If you have $3m capacity, want low risk, CF and capital gain why don’t you go for a strategy whereby you get a commercial property and residential property (maybe with granny flat potential) in each of Brisbane, Adelaide and Perth? You would likely have change from your $3m.

 

I can only think of Brisbane and Melbourne with potential CG wise. You’re saying rent out the granny flat separately to boost income?

Not familiar with commercial, but retail is struggling? Keen to hear your ideas and example will be great.

 

For the past 3 years, income for short stays yield him around 7.8% net after tax for Melbourne CBD, Docklands, Southbank apartments. But no CG at all so far.

Block of units in Brisbane, yield around 4-5.5% net after tax.

What do you think? Still block of units the better choice going forward?

I wonder if Melbourne CBD and surrounding suburbs, those high rises, can they drop in value? After a decade of stagnant price.