Option 1 or 2? Could this be my get out of pain opportunity?

Thanks hobartchic, what websites do you use for mortgagee sales pls?

 

Interesting... are they positively geared for you?

 

Just have a look using a search function. A lot of sales are not advertised.

 

Probably not. Yields aren't there at the moment.

On a new purchase I've just been hit by strata debt collection fees for a bunch of my hapless fellow unit owners!!

 

Sorry to be a pain, but do you use mainstream websites like domain etc?

 

Wish I'd have picked up a 500k property for 150k, longer term I'd say great pick up. Rental is prices are increasing & depreciation on those I'd assume very good.

 

It does give me some information. I'm not just handing you this information but it's not that hard to find.

 

There are people with more information than I have. I just use it to give me a good idea of what the market is doing. Last sale date is a pretty good indicator too.

 

The net yield is pretty low at $120pw less $100pw costs so $20pw = $1000/sale price is the net yield
Anything over funding cost is positive
Generally I only buy positive at about 6.5% plus