Background: I've been involved in a number of 'side' jobs over the last couple of months, and one of them has been property. I have a friend who needed to sell two apartments, so I've been helping him out. Sold one, about to sell the other (next Saturday at auction in Sydney, close to the CBD). That's a good result for someone who normally works in IT.
Would I do this full time? No. But I have learned a lot over the last few months.
For 952i and other dabbling in property: Stump up the ~$50 for one weeks access to propertyvalue.com.au (they use RP Data) and download as many property reports as you can. This will give you a very comprehensive picture of: a) what your property is worth, b) what historical sales have occurred in the area over a given period of time and c) what sort of return you may see on your investment.
Also, if anyone needs pointers about how to sell a property yourself (cutting out the agent middle man) then reply to this message. I can point you in the right direction and will happily pass on all the info I've gathered.
