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Kyle | 23 Sep 2013, 02:21 PM Agree 1
Hi, Im 30yrs old, dont own a home, currently on the high income tax bracket and want to use property to help me pay less tax.

Im living in Adelaide and want to start out buying something small and cheap first. Say under $400k

I have spoken to a few investment companies that im sure you have herd of. Ironfish, a company that deals with NRAS, and a Home loan project management company that is sorting out my pre approval.

I dont want to do much work myself because im busy and want someone to use my money and make it work for me.

Any feedback on the the organisations above? Can you recommend anyone else? I dont need to buy in Adelaide, its an investment after all and I just want to get into the game.

  • Chaise | 25 Sep 2013, 04:05 PM Agree 0
    Hi Kyle, do you have an email address? I work in property in Adelaide. I have heard of Ironfish, but I can also recommend another company who are great. It's good to invest in areas you know and Adelaide is known as one of the most affordable cities to live in!
  • Mark Coburn | 26 Sep 2013, 12:58 PM Agree 0

    If you need any help or have a few questions you want to talk about? feel free to give me a call. Mark 0405 243 547

    When I started investing in the mid 1990's, it took me a long time to work out what was the important information and what was just opinion. I am a buyer's agent specialising investment property. We work Australia wide and buy for clients from around the world. I have complied this list I call Coburn’s Rules. I hope they help you too.

    Rules on Risk:
    1. Always protect your investment (only ever risk your return).
    2. Investments must be balanced for Income (yield), growth (capital gain) and depreciation (tax credits).
    3. Don't invest in "one employer” towns (i.e. mining towns)
    4. Invest in liquid markets (don't buy where the average days on market to sell are over 90).
    5. Choose one thing and get good at it. (Dabblers always get burned in the end).

    Rules on Finance:
    6. Invest where you can get leverage to work to your advantage (Bank debt on an investment property is what I call good debt).
    7. Always borrow on “Interest Only” terms (park all your surplus funds in your mortgage Off-Set account ready for your next purchase).

    Rules on Strategy:
    8. KISS. Success comes from Keeping-It-Simple-Simon (don't try tricky investments that require specialist knowledge).
    9. Invest for the long term (Australian's call 8-10 years long term, Chinese call 50-75 years long term), so you work out what suits you.
    10. Avoid trading and the costs that trading incurs. (Agents fees, Stamp Duty, Marketing are money leaks that will cost you a lot of your wealth over the life of your investing)
    11. Don't build anything unless you’re are a builder and are in the industry on a daily basis.
    12. Look for infrastructure spending (when government spends money in area, it is going to grow. Especially transport i.e. rail and roads)

    Rules on Getting Advice:
    13. You don't know what you don't know (it's is what you don't know that may come back to bite you) so you need good advice that's untainted. (see the next point)
    14. Don't take advice from property marketeers and agents (or anybody else being paid by the seller).

    Good luck investing, Mark Coburn
  • Melanie | 26 Sep 2013, 01:33 PM Agree 0
    I've bought 5 properties from Ironfish and they are fantastic!

    I dealt with a Manager there, Louise Carr. I invested in 2 locally and 3 interstate (to capitalise on the best market growth, better rent returns as well) over the last 4 years. I was nervous interstate initially and wanted to know who to trust.

    Bought local SA first, that went well so trusted Lou interstate. It's been really easy, seemless and she's taken care of everything for me!.. They have great relationships, so when somethings arisen or was unsure of something, i contacted them and they sorted it out. It's great not to have to worry.

    I've recommended friends to Louise as well - all good feedback.

    You can reach her on 0433 363 500 or email:

    Good luck - diversity is always good, I last bought in WA - the rents are so strong! over 6.2% yields, very happy.
  • Stephen | 30 Jun 2014, 06:21 PM Agree 0
    I would NOT recommend the above company at all, from personal experience. The gushing post above sounds suspiciously like advertising copy, but, hey, I could be wrong.
    They will employ all the tactics to get you in, but if there are any issues with the property - as there have been for me - the support is, shall we say, rather ineffective/non-existent.
    • Hmmm | 09 May 2016, 11:17 AM Agree 0
      Melanie is her spouse
  • Boris Srbinoski | 08 Jul 2014, 12:09 PM Agree 0
    [edited: Advertising]
  • Jason | 09 Jul 2014, 08:53 PM Agree 0
    Be very vary of Iron Fish. I'm not saying the properties might not be ok but many red flags came up when I inquired with them and they literally said I should do what ever I need to to get the deposit even if that meant taking out a personal loan. They tried to tell me property 'always' goes up even with clearly not the case (take a look at the Japan market..)
    I suspect the above is advertising from Iron Fish as it sounds just like them. I would suggest you do some of your own research online as I know you will come across more then enough information to make your own decision. Just remember about 9 out of 10 people trying to help you buy a property are sales people trying to make their commission.
  • Emily | 22 Jul 2014, 08:58 AM Agree 0
    Hello Mark,
    Really appreciate your advice here as I strongly believe what your saying. I'm 20 years old and living in Christchurch hoping to actually invest in Australia preferably large acarage with further future development potential. I'm curious as to your advice on which towns would you see as having the greatest upside for this kind of investing or where in Australia you'd put your money?
    Thanks again.

    Warm Regards
  • Marty | 28 Jul 2014, 09:46 PM Agree 0
    Hi Emily..

    IS the a reason why you are not interested in NZ Property.. Ive got a couple of investment properties in Auckand and i live in Sydney.
  • Scott Hochgesang | 05 Aug 2014, 12:56 PM Agree 0
    Hi Kyle,
    I work with many young investors like yourself here in Sydney. We are primarily sourcing new properties up in growth areas of Queensland, like the Sunshine Coast ($10B of infrastructure going into a region with just 300,000 people). Properties range from some smaller, 2bd, non strata homes at $270K to waterfront duplexes with each side around $650K. Single family homes in the low 400s. Yields are typically 5.5% to as high as 7% for dual occupancy properties.

    I would caution you to be very wary of many of the property spruiking companies out there. Beware of fancy seminars, expensive property courses and anyone whose presentation starts out with a claim that property will double in 7-10 years. Beware of a company founder who talks about the millions he has made and then ends a presentation showing you some ordinary units in high rise buildings that he says are your path to riches (likely they are not).

    [edited: advertising]

    Good luck with your property investing plans. I believe it is the best way to create passive wealth in this country, especially if you can get started early, be in the market for a long time and buy the "right" properties.

    Scott Hochgesang
    [edited: advertising]
  • Emily | 06 Aug 2014, 01:06 PM Agree 0
    Hi Marty,
    I find Christchurch hugely inflated and Aussie prices so cheap for price per square metre rate, Auckland's fantastic however not as cheap for large blocks of land on the outskirts of town. Along with the lifestyle in Australia does seem quite tempting.
  • Din Yap | 06 Sep 2018, 05:38 PM Agree 0
    I am living in Sydney and looking at starting out in Investment so I found this post. Was wondering in 2018, where would be a good place to invest? I have heard people who recommended Brisbane and also Hamilton in NZ.
    Also, should I get a property investment consultant?
    • Dana goeng | 12 Sep 2018, 07:09 PM Agree 0
      I think since that you live in Sydney and considering that you are just starting out, it might be easier if you choose Brisbane instead of an overseas assets as you would need to consider the travel costs to NZ to secure the property and also the risk of not understanding local property market.
    • carol | 12 Sep 2018, 07:13 PM Agree 0
      I agree with Dana, about getting a property locally especially when you are new to investing. Years ago I was a newbie too, I wanted professional advice and my sister introduced me to Ironfish.
      My experience with Ironfish has been fairly good because they don't just force you to hurry and misguide you for their own commissions. I had the money but no time to research and hunt for a house within a budget. Ofcourse it was hard trusting a firm to do that for you, but my sister wouldn't recommed something without thorough research. She bought her house through Ironfish last year and insisted I trust them with my money. I thought getting a house within my budget that was $600K would be impossible but they had the right options. They had it all sorted out for me before I knew it.
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