Main content

Andrew Winter

Property Expert

» Ask An Expert

General Queaton 

Hi Andrew,

I love your show.

I have an investment property in Reservoir Vic which I bought for $611K at the peak of the market in Nov 2009. It's a red clicker brick home with a terracotta roof tile with wooden double hung windows (painted white) built after the war with some art deco features. It's in orginal condition on 650 sqm of land.
I recieve net rent of $1355 pm with a loan of $645K. It's costing me around $1k pm after negative gearing and the property is not growing by the same rate.
Should I hold as it's a great home in a good area (27 Acheron Ave - google it to view photo's) or should I rennovate it to improve the return? i.e update the kitchen and bathroom or should I build a unit on the back to improve the return? I dont want to sell as I wont get my money back in this flat market, if I can afford to hold for the say next 20 yrs, do you think that the property will grow by an average of say 2% pa and is worth holdng for the long term? Or should I sell as it's costing me money to keep it and take a hit as I want to save the $1k pm? I'm 42 yrs old and have time on my side hopefully for it to grow?

Thanks , Rob

Answered Saturday 10 November 2012

I would love to help, but it is simply to complex to answer in this forum, if you really are stuck let me know via

Property Expert

Andrew Winter

Andrew believes if you haven’t sold your house within two months then you’re doing something wrong.

» More Questions & Answers

New kitchen worktop. 

Yes a great option - I think it is 'resurfacing Australia' and 'Granite Transformations' are the companies to google. Yes it must be undertaken by the professionals for it to work a... Read more

Your show Season 7 Episode 11 

Literally SOLD about 2 weeks after we finished filming them! Got the $1.5m too. It has taken many years to get the show back to the UK, finally! So pleased you are enjoying it. ... Read more

Cottage 1870 

Maybe you should be applying for the next season of SHA. Plus a tiny house on a lot of land is a pretty tricky call, plus add in, out of town location and the general SA market and I'm not... Read more

Commingle - changing the way you find and select real estate agents, mortgage brokers and conveyancers 

Sometimes yes, could be a real help, BUT sometimes with agents a reduced fee does not motivate or attract best agents I always say negotiate when the deal is about to be done dependi... Read more


He loves sympathy! As for gloves, you'll have t ask him. ... Read more

New Show Idea 

Great idea, wish I had the power to instigate! New shows are the preserve of Production Companies and TV creative departments, not ex Real Estate Agents, haha - ... Read more

For Sale 

HI - There can be many factors, very hard to know without studying your local market and your home. However 2 offers if they were serious, why did they not proceed? Could you maybe chasing a sale figu... Read more

Auction day now election day! 

Don't do it, postpone. ... Read more

water tank or not 

NO, do not invest that kind of money if you're about to sell, there is a strong chance that your investment will not be repaid in the short term. Long term yes, I do think these features are becoming... Read more


Haha, what a great question - we all get paid million and millions of dollars just for showing up! Not really, but we all do really care if it sells, we are one show that likes to do what we say we ca... Read more


Sign Out

Join the Conversation

Please note, LifeStyle cannot respond to all comments posted in our comments feed. If you have a comment or query you would like LifeStyle to respond to, please use our feedback form.