My Victoria Sub-Portfolio

Discussion in 'Property Market Economics' started by sash, 30th Sep, 2017.

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  1. Gypsyblood

    Gypsyblood Well-Known Member

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    @S1mon what did he do other than throwing great information on the forum and being so transparent on his journey so others can learn from it!? :p
     
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  2. Danny370z

    Danny370z Well-Known Member

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    @sash Keep kicking those goals, outer Melbourne has only begun!! thanks for all your help :)
     
  3. sash

    sash Well-Known Member

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    Ta.

    A couple of recent ones...

    1. Build 301k....in Melb North..value now 450k plus...rented for 365pw
    2. Build 257-260k in Geelong ..still building worth 360k on completion...rent 350-370pw
    3. Build 320-325k on Officer still buidong...worth 460k on completion....rent 360-370pw
     
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  4. sash

    sash Well-Known Member

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    Nah worries...looks like you bought a pearler.....land there is now 280k plus...no supply...what did you buy yours for again 5 months ago?
     
  5. Ekin200

    Ekin200 Well-Known Member

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    Killing it Sash. Well done mate. :)
     
  6. MTR

    MTR Well-Known Member

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    Ditto
    Anyone can buy property
    Though I do believe some luck does come into play regardless, being in the right place at the right time, networking with the right people etc. However, you still would require skill, knowledge, managing risk, patience etc.

    Also... life happens, some things are also out of your control and can impact on your investing journey... ie health issues, divorce, losing job.

    MTR:)
     
  7. MTR

    MTR Well-Known Member

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    This highlights... the importance of LVR and its power, if you find a good market that is booming, buy as many as you can, go hard.
     
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  8. Geoff

    Geoff Member

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    Inspiring efforts Sash. Thanks for the honest post. Would love to know more about the journey. Amazing.

    The uptick gains in a boom time seem so obvious in retrospect.
    Do you have any suggestions of any areas around Melbourne left to boom before the likely impending correction? Ie. Doesn't matter if bought in 1917 or 2 yrs ago type scenario as mentioned above?

    Melbournian suggested Epping which is now firmly on the radar given my previous target are of Thomastown and Lalor have exceeded my 600k FHB budget. Could go easily go up to 750k with the discount but prefer to keep in around 600k mark to maximise the stamp duty saving. Looking for a detached house with 500-600sqm.

    Only issue is if the gains aren't there in the next 5yrs, we could just hold off and wait longer.
     
  9. GetRIDof5CENTpiece

    GetRIDof5CENTpiece Well-Known Member

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    That is the million dollar question... I can tell you I bought in 2009 (FOMO)... had to wait until 2013-2014 before the market started to wake up again.
     
  10. Beano

    Beano Well-Known Member

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    If the CG do not occur investors may not wish to hold a cf-ve property which can then accelerate a fall.
     
  11. Danny370z

    Danny370z Well-Known Member

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    225k For 476sqm its a nice little win before settlement :)
     
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  12. apk

    apk Well-Known Member

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    Great post @sash well done.

    I would like to hear about the yield side please? Numbers or % will do.
     
  13. sash

    sash Well-Known Member

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    See couple posts up.....
     
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  14. mickyyyy

    mickyyyy Well-Known Member

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    That's awesome @sash

    I would love to do what you have in Melbourne! Lets see how my finances go...
     
  15. Westie

    Westie Well-Known Member

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    Possibly a bit late in the cycle to replicate what @sash has been able to achieve. Look at other areas in the country too to make sure you maximize your H&L strategy.
     
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  16. mickyyyy

    mickyyyy Well-Known Member

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    Agreed but they don't have to be new
     
  17. Westie

    Westie Well-Known Member

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    Fair enough. It was just you said you'd like to do what he's done and he's done new H&L in Victoria.
     
  18. Wukong

    Wukong Well-Known Member

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    Boom Boom Boom! Thanks for sharing how it's done.
     
  19. fols

    fols Well-Known Member

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    [QUOTE="sash, post:

    So the moral of the story is people overestimate what can be done in 1-3 years but underestimate what can be done on 10 years.[/QUOTE]

    This. 100% agree. Good numbers Sash, thanks for sharing.
     
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  20. MTR

    MTR Well-Known Member

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    This. 100% agree. Good numbers Sash, thanks for sharing.[/QUOTE]


    I like this quote...

    [​IMG]
     
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