Reading Time: 5 Minutes Howdy boys and girls! Me again. Let’s dive straight in and plug on with part 4 of our latest real estate purchase (read Part 1, Part 2 and Part 3 here). Last time I disclosed that we bought Property 3 for a surprising offer of $210,000 against an asking price of $298,000. Let’s take a look at the pros and cons for this one… and you decide whether it’s a good buy or not! Pros So um… where to start? I guess from the beginning! In Part 1, I stated that the property was listed for $298,000, however 1 bedroom units in the same complex were asking…
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Our Latest Buy (Part 3)
Reading Time: 5 Minutes Gday everyone, writing this at Melbourne airport at the moment. Been a bit of a whirlwind weekend as a tag-along to MrsFrugalSamurai. She’s got a work conference here so thought I’d come down and see how our Melbournian cousins are doing. In a word? GREAT. Really good vibe every time we come here, people are more chilled and the food? Superb as always. We also caught up with a few friends – some of whom have been following the last couple of posts about our most recent purchase (read here and here) AVIDLY. Last time I disclosed the prices which I tested the waters for the…
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Our Latest Buy (Part 2)
Reading Time: 4 Minutes OK boys and girls, we are back! Back for the continuation of our most recent real estate purchase. If you missed part 1, don’t fret! Have a read of it here. Basically, after zipping around the Greater Perth area for the best part of a long weekend, we’ve narrowed the shortlist down to the FINAL FOUR. Ironically none were detached houses, which is a shame because I was on the look-out for somewhere with a bit of land. As we all know, it’s land which appreciates in value and the building which depreciates – hence anything with good land content and value, usually receives a big…
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Our Latest Buy (Part 1)
Reading Time: 5 Minutes We’ve done it guys, WHEW. Finally got there, far out. “Wipes the sweat off my BROW”. Another little addition to the real estate portfolio. Much relieved I AM. You see, it’s actually been about 12 months in the making… Because on and off for the past year or so, I’ve been tracking one capital city in Australia which I’ve identified as the next component of our FIRE goals (read about the goals here). Where? Economically this capital has been in the doldrums, and consequently its real estate market is shot to bits. Picture this, advertised asking prices dropping by the week, no one turning up to open…
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Wealth Creation Zones (and a Crazy Neighbour Story)
Reading Time: 4 Minutes Hey guys! How y’all doing! And how’s those new year resolutions coming along? Keep going! I’ve added a new one to our list – we have to find a new place to live. Pronto. Not by choice you see, but because we have this crazy neighbour next door who has been causing malicious property damage on our apartment level. The guy thought it was a good idea to start hammering and drilling through the tiles and walls of our common area in the wee hours of the morning. Apparently he’s always been a bit unstable but it’s only in the last couple of weeks where his…
