hi all,

interesting topic

b

Thanks Benny.

I’d also be curious if anyone else on the forum could provide some insight on what the output figures means.

A negative figure for the percentage certainly indicates that the annual cashflow is in negative, but I’d be interested to understand if it quantified anything else, particularly in relation to the original purchase/closing costs.

I have heard of people buying investment properties (site unseen), however I have not done it personally.  I prefer going and taking a look to get a feel for the area and talk to the locals and drive around.

Thank you – appreciate it.

HI Terry, I’ve moved all mine to PI except for one.

Hi Ethan,

Interest rate is around 5.2% so as you can see very high.

I don’t know why I need to refinance the other 2 but possible it is due to the fact I always borrow 105% of property value (I don’t put money down), so they are taking equity from other properties to fund 2 separate loans (one for the property, other for stamp duty and closing…[Read more]

Thanks Benny, all good points.

Cheers,
Ajay

Thanks Luke – any particular reason Mermaid Waters is a good bet as compared to Coomera and Upper Coomera?

Cheers

Hi Benny,

It ended up going pretty good – I visited around 5-6 properties in the Upper Coomera and Coomera areas. 1 of the townhouses in Upper Coomera looked great.
I’m hoping to make a trip up there again shortly to determine next steps.

I didn’t end up looking at the Mermaid Waters – can’t remember the reason but I’m sure there was one. I am…[Read more]

Hi narinder nope I didn’t visit those areas and only looked at upper Coomera and Coomera..

Hi Ben,

I have been in the Commera and Upper Coomera areas over the weekend and had a good look at the area.

The real estate agent drove me around and there are a number of schools and a lot of shopping and infrastructure in the area, in addition to the upcoming Westfield.

The fact that Brisbane is 40 minutes away means those who enjoy the…[Read more]

Definitely agree about the rental guarantee question – if it’s a good area, it should rent itself out.

By the way, I’d recommend Coomera and Upper Coomera as excellent investments. I am in the Gold Coast now after spending a few days up here to check out 4 townhouse.

I think the area has long term growth potential.

Cheers,
Ajay

Thanks Benny. I will be flying up there this Thursday night and staying the weekend to check out these properties and more. Will see how it goes.