Recent content by camdog

Hi, I live just out of Canberra... If your looking for good investments look to Queanbeyan. My budget is about 300k. For example: $289,000 unit 2 bed, 1 bath 96sqm 30+ years old Renting between $420-$440 Just went under offer actually Queanbeyan is in a very good location right next to...

The first one is 6 years old. It has about 40-50 units in the complex. To buy a new unit in Canberra it starts from 300-400k for a 1 bed!! I have friends that pay $400 a week for rent for only one room apartment. The new ones in Queanbeyan are going for the same sort of price. Starting from 300k...

Well after reseaching the land rent scheme it is there to make things more affordable for families. You can buy established houses close to the same area that are only a few years old, but the Canberra market is a killer on prices!! I have actually found two apartments in queanbeyan. 1...

Hey, Thanks for the reply.. My long term goal is to have as many investment properties as possible and even make a job out of it. I have been very intestered in investing for over a year now. Last year I met up with Nathan Birch, and I have done a lot of research along the way. I went...

Hey Nathan, Very nice find!! I need to find myself something like that... Would be an awesome start. Congrats! What # are you up to now? Cameron

Hey, I recently registered for two land ballot releases in the new suburbs of Bonner and Jacka. On both occasions I was successful in obtaining a block selection appointment. Obtaining an appointment doesn’t necessarily mean I will get a block, but there are fairly good chances I will either...

Ooops. Thats 1% vacancy rate. So 99% have tenants.

I can afford to borrow more. What other lenders would you recommend? I just got back from looking around a few apartments in Queanbeyan. Some of them are not too bad, and pretty decent price. I would prefer to buy close to me. I know Queanbeyan has a very good market atm. The real estate...

The $230k was from the CBA. I havn't looked into the other ones yet. Am I too young to be looking at an investment property? I have been looking around Queanbeyan and there isnt much in the way of 2 bedroom apartments. I would either be 1. living in and renting the other room out, or 2...

Hey Nice read. That is pretty interesting about Sydney.

Hey Thanks for the replies. At the moment the market looks like it still has a chance to decrease in value. I think the best bet is to stay in a high interest bank account and save up more money. For the apartments in Queanbeyan, most aren’t that great, even if I did renovate the kitchen...

I actually live in Jerrabomberra, so I am already in NSW right next to Queanbeyan. The one downside to Queanbeyan is that it has a lot of older and run down areas. A few of the units are fairly similar in price to Canberra. I am happy to look anywhere along the east coast. I am looking for...

Hey I am very new to the buying side of things. I am 20 living at home in Canberra. I have 35000 saved up and I can roughly borrow 230k from the bank. I know it doesnt get you much in Canberra. Is it worth buying elsewhere? There are a few serviced appartments in Canberra for around the 200k...