@sydney started the topic Property that suit demographic. in the forum Help Needed! 10 years, 1 month ago
Hello everyone,
We are looking for a property with the view to rent out for a year or two before moving in. We found a suburb in the north west that we like. With our budget we can only buy old two bedroom villa. From the research, people there are wealthier than average Sydney. Household income is also higher. The pct of tenancy in the area is…[Read more]
@sydney replied to the topic Should I split Line of Credit account? in the forum Finance 11 years, 7 months ago
It's with CBA. Personally I like to keep property account separately but if it's going to affect my credit profile. This is not a good way.
@sydney replied to the topic Property vacant for month. Should I change agent? in the forum Help Needed! 11 years, 9 months ago
Yes, we signed "Exclusive Management Agency Agreement" with the current agent. The vancancy rate in that area is below 2%. I admit our rent is a bit too high in the first place. It's what agent suggested. After few weeks, the agent suggested we drop the price which we did. That's why we feel that the agent is not very effective. With that…[Read more]
@sydney replied to the topic Property vacant for month. Should I change agent? in the forum Help Needed! 11 years, 9 months ago
Yes, we signed "Exclusive Management Agency Agreement" with the current agent. The vancancy rate in that area is below 2%. I admit our rent is a bit too high in the first place. It's what agent suggested. After few weeks, the agent suggested we drop the price which we did. That's why we feel that the agent is not very effective. With that…[Read more]
@sydney replied to the topic Purchasing property without physically inspecting it yourself in the forum General Property 11 years, 11 months ago
I did it once with my first IP. We were worried about purchasing with sight unseen but it turned out quite well. We monitored the price and rent in the area for a few months. We chose the property that already has tenants in place. For us it's a peace of mind showing that property is in good condition. The photo in internet looked good which is…[Read more]
@sydney replied to the topic New housing in Kellyville, North West Sydney in the forum General Property 12 years, 1 month ago
yes, one of the reason I look at QH is the price is cheaper than nearby suburbs because the houses are older. I feel that people will see it as a good entry point. Is it a positive factor? sorry if my question seems silly. I'm still new to property investing and uncertain of buying anything further than 20 km from CBD.
@sydney replied to the topic New housing in Kellyville, North West Sydney in the forum General Property 12 years, 1 month ago
Hi Shahin, thanks for the info. I'm looking for a 4 bed room house with scope for cosmetic renovation in the future. We don't have experience with subdivide so the house will be just for rent. In longer term, with more experience, we maybe build granny flat. It depends on how big the land is. Our budget is low 400…
@sydney replied to the topic Solicitor or Conveyancer? in the forum Help Needed! 13 years, 1 month ago
thanks IP Freely. I will look around for buying agent. Do you where should I start?
@sydney replied to the topic Solicitor or Conveyancer? in the forum Help Needed! 13 years, 1 month ago
Hi I.P. Freely, I'm not going to use buyer's agent. I'm doing the research by internet and negotiate by myself. So the building inspection report is very important part for me. I plan to put building inspection, and finance approval as condtion in the contract. Let say, one of the house I look at has potential to extend kitchen and living ro…[Read more]