As I've said before, putting your deposit into a good deposit account, not paying strata fees, water rates, maintenance costs etc, could easily offset the rent.
The thing with realestate.com.au is that the asking prices can be a long, long way from the actual price paid. They report the auction prices but they won't tell you the others. You always offer a fair bit less than the asking price as a matter of course!
I was having a look at a realestate site the other day, on the house, it gives estimates of house prices in streets. Interestingly I looked up my house and the estimation they gave was about two hundred grand out. You see we have lived in the house since it was built and therefore there is no history for the house so they look at the council valuations. Of course houses only get sold for council valuations in the depths of a depression. So if you are looking at this particular site you really have to keep an open mind, what you see may not be what is actual.
I have made contacts with agents since July this yr about various property I have seen, I have seen property priced at $500,000+ and asked the agent would offers of up to $60,000 less be accepted, their reply was yes as the market is struggling, therefore a buyers market, this will be good for me.
Last edited by proview; 03-06-2012 at 09:49 PM.
Agent Aug 08, Paper based pased Feb 09 Vetassess passed ( Carpenter) 27/4/09, applied SS Q/Land 5/5/09, ...SS application acknowledged by Qsld 15/5/09, State sponsor Q/L secured 02/12/09 . 176 lodged 10/12/09. On the Q/L SOL, CO 7-4-2011 VISA GRANT 10 May 2011