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ajayayyar
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@ajayayyar
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November 10, 2020 - 2:56 pm
hi all,
interesting topic
- This reply was modified 4 years, 1 month ago by ajayayyar.
- This reply was modified 4 years, 1 month ago by ajayayyar.
ajayayyar
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May 19, 2020 - 6:13 pm
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.
- This reply was modified 4 years, 7 months ago by ajayayyar.
ajayayyar
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February 11, 2018 - 9:35 pm
Thank you – appreciate it.
ajayayyar
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@ajayayyar
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January 29, 2018 - 4:23 pm
HI Terry, I’ve moved all mine to PI except for one.
ajayayyar
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@ajayayyar
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January 29, 2018 - 3:27 pm
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 costs).
Point 3 sounds interesting and I wil confirm that with my mortgage broker… sounds good.
ajayayyar
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@ajayayyar
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December 20, 2017 - 11:45 am
Thanks Benny, all good points.
Cheers,
Ajay
ajayayyar
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December 20, 2017 - 12:32 am
Thanks Luke – any particular reason Mermaid Waters is a good bet as compared to Coomera and Upper Coomera?
Cheers
ajayayyar
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@ajayayyar
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December 17, 2017 - 8:54 pm
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 trying to focus on the Upper Coomera area.
Cheers,
Ajay
ajayayyar
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November 26, 2017 - 9:22 pm
Hi narinder nope I didn’t visit those areas and only looked at upper Coomera and Coomera..
ajayayyar
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November 26, 2017 - 8:18 pm
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 surf/sun/fun can live in Gold Coast and travel to Brisbane if they have a fulltime job up there.
The type of tenant seem to be good/solid people – I couldn’t see too many issues with the social demographics of the area for Upper Coomera.
I’m aiming to purchase a townhouse up there by end of the year.
Regards,
Ajay
ajayayyar
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November 26, 2017 - 8:14 pm
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
ajayayyar
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November 21, 2017 - 10:43 am
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.
ajayayyar
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November 20, 2017 - 6:31 pm
Lol, not sure of how to respond to this
ajayayyar
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@ajayayyar
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November 20, 2017 - 4:02 pm
Someone who is aggressive, fast, and knows how to deal with all of the banks for deals.
ajayayyar
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November 14, 2017 - 3:23 pm
Hi jaxon / all – regarding the supply/demand equation, is it fair to say that there will always be demand for rental properties in Gold Coast, but that the price growth won’t be spectacular?
ajayayyar
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November 14, 2017 - 2:58 pm
THanks all – appreciate your points.
My personal view is that there is room for solid growth in Gold Coast town houses and houses (but not necessarily units).
Here are some examples I am seeing on realestate:
* https://www.realestate.com.au/property-townhouse-qld-pacific+pines-126938830 ($353k, getting $375 p/w)
* https://www.realestate.com.au/property-townhouse-qld-mermaid+waters-126792138 ($350k, $450 p/w)
Let me know your thoughts on these.
ajayayyar
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November 12, 2017 - 7:59 pm
Thanks Sarah – but would you say steer clear on Gold Coast apartments only (given the large supply), or also houses and town houses?
ajayayyar
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November 12, 2017 - 7:57 pm
Hi Benny – that’s what I’m betting on. But it’s surprising there was such limited growth in Gold Coast houses over the last 10 years.
Articles such as these seem to contradict this. Am I missing something?
https://www.realestate.com.au/news/gold-coast-property-prices-growing-faster-than-those-in-brisbane-and-sydney/
https://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=10&cad=rja&uact=8&ved=0ahUKEwjT2_6j1bjXAhWIVbwKHVUWBOcQFghYMAk&url=http%3A%2F%2Fwww.goldcoastbulletin.com.au%2Frealestate%2Fhouse-prices-soar-30-per-cent-in-gold-coast-property-boom%2Fnews-story%2Fedef13879c03cefc0b50f4df1d9c490b&usg=AOvVaw2aO-hNatBhpB2ImX6ePP7T
ajayayyar
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November 12, 2017 - 7:52 pm
Wow that is surprising.
I am visiting Gold Coast briefly in a week or two to look at properties.
ajayayyar
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October 22, 2017 - 3:03 pm
Hi all, I ended up buying a property in the Central Coast area (Lake Munmorah) in a secure community estate.
I’m considering the gold coast area and maybe albury for the next investment opportunity.
Anyone who has thoughts on the area around gold coast would be great – I am considering either a house or townhouse but not an apartment.
Regards,
Ajay