That website should provide the details of rent, etc. that people were quoting before..

I am paying approx $90 from my pocket per week for this property. If the house price doesn’t go up within a few years time, I am happy to keep it longer – it doesn’t bother me. In my way of thinking, there will eventually be capital return on the property.…[Read more]

hey people – thanks for your comments

this is the property i’m going in for: http://invest.dha.gov.au/dha/details.app?property_id=1826&finder_uid=64123f2737a2125bd3f2737a217414

That should provide the details of rent, etc. that people were quoting before..

I am paying approx $90 from my pocket per week for this property. If the house price…[Read more]

Hi Derek,

The reason behind going 1/2 1/2 on this investment is because it is my first investment and I am 21. I’ve only been working for about 1 year and 1/2 full-time so I can’t go on a $475k house on my own. I am investing with someone who I trust so there’s no issues there.

Thanks.

Regards,

Ajay

Hi & thanks for your comments,

When I say 3-4 years, I mean that it would be nice to make a capital gain within that time.. of course if there’s no gain, I will hold onto the investment for a long time… but there’s always the option of selling.. as far as the income side of things goes.. I am going into this property 1/2, 1/2 with another…[Read more]

1-2%? Just wondering on what basic you quote this figure..

thanks

regards,

ajay

Hey ppl,

Looks like we are moving in on a 4-bedroom townhouse in castle hill for $475,000… not confirmed yet but looking v.promising…

Defence housing, of course…. my 1st investment i’m v.excited about it

cheers

ajay

Hi Terry,

I’m not sure if the rents are market price.. but they are approx. $380 p/w.

I am thinking of keepingit for 3-4 yrs…and making capital gain.. thinking of investing in a townhouse somewhere in Castle Hill or Kellyville area…

Let me know your thoughts.

Regards

Ajay

Hi Anubus & thanks for your reply,

Yep, you are right – $500,000 is a fair amount for a townhouse in Nth Parramatta.. the reason is that it is Defence housing.. so as you probably know, the higher price is justified since the house guarantees tenants through a 12-year lease… so I guess I am looking at North Parra as a long-term…[Read more]

Hi Calvin & thanks for your reply.

This is my first investment property and I am going half-half with another member of the family.

As far as rent goes, it is defence housing, so the lease guarantees it for 12 years. The rent is $380 per week.

Being defence housing, I suppose it has the advantage of guaranteeing tenants which takes the hassle…[Read more]