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

Chatswood - Before & After 

Hi, sometimes colours are listed on the Lifestyle website? If not this is a 'ask Shaynna' question sorry.... Read more

Front Door 

YES! Sorry not a great idea unless you create a new main entrance that works with the overall floor plan. A home without a logical entry has a poor flow and yes value will be hit! ... Read more

Renovating my house as only you can do it for the TV show 

Dear Denise. What a difficult situation for you and the family, I wish the show could help, but we are only allowed to feature stories where homes have been for sale and NOT SOLD for a long per... Read more

Thanks Bob, always keen to hear about new products, contact me via ... Read more

Free Griffin survivor cases for your iPad -Agent 

Thanks Simon - let me know via my website and I will pass your info on - ... Read more


Hi Nessa, there is no simple answer to that, in fact totally renovating a good 60s house can make a good investment so getting it right is essential. I offer a service that can advice, but not actu... Read more

house makeover 

Mark, 20 years means due for a refit and some good profits too so very worthwhile. I can't really help with a few lines of text I'm afraid, I do offer a Consultancy Service if you need to right advice... Read more

renovating our house so that we can downsize & live sith our children.,.Many thanks please contact me urgently. God bless you all for all the good you do to people 

Great question, makes no sense of course, but I think you are having trouble selling? Try again with info about your situation and where/what is the property?... Read more

to buy or rent 

Close to retirement, then maybe stay renting for now but buy using a SMSF, please be careful lots to consider here. Speak to your tax accountant or a very reputable Financial Planner and your bank the... Read more

Selling House Problem 

Hi contact me directly, via Read more


Sign Out

Join the Conversation