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


Macleay was genuine, trouble is acceptance of real value, it is only a matter of time. Understand your other idea, but it is just too long a process really, the poor lady doesn't wanted to... Read more


Densie, I wish I had the power! If you really are stuck I do offer a Consultancy Service to help, it's not free sorry - contact via  ... Read more

my parents property  

Provided a reply above. ... Read more

my parents property  

Hi Wendy, if they are trying to sell why not apply - we should be seeking new homes around May and June, so keep an eye on this site. Good luck. ... Read more

Your show we love - but your reno costs appear incredibly cheap ! 

NO not general labour costs and we do use a lot of free labour, clearing out, rubbish removal, painting, cleaning etc. Hope that helps. ... Read more

Sell furnished or vacant 

Furnished can be better in units - just as it gives the room a sense of scale - just ask your agent for their thoughts too? ... Read more

Wellington House 

Graham, I'm sorry I have no idea what particular product, or if it was anything out of the ordinary, they used? Best call into Bunnings, they will know I would think. ... Read more

A fellow Sanctuary Cove local... 

Elizabeth - I have a Consultancy Service designed to help you with that exact issue - contact me via ... Read more


Hi Lisa - nice try, no sorry it is an essential part of the show format, don't fioget take pictures to your local DIY store sometimes they can help with suggestions for you? ... Read more

Buying My First Home 

Hi Elizabeth - i can answer that really easily - DON'T BUY yet! Go to an area, try the schools, try the community, check it is affordable and right for you both, then consider buying, please do... 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.