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  • Profile photo of ajayayyarajayayyar
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    October 22, 2017 - 2:43 pm

    Hi Bbinvest,

    I know your post goes back a while, but I would go for option 2 or 3. I think central coast is a great place to invest and I just bought a property there in lake munmorah and intend to hold it long term. I believe there is a fair bit of infrastructure going in the area, and its right between Sydney and Newcastle. Jobs are also available in central coast and Newcastle, and there is also a nice beach and outdoors lifestyle. Vacancy rates are also low.

    So I would hold it long term and if you are up for it, consider building a granny flat, I would anticipate pretty good demand for it in the area.

    Regards,
    Ajay

    Profile photo of ajayayyarajayayyar
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    September 3, 2017 - 4:29 pm

    Many thanks Steve! That was very helpful and definitely helps shape my thinking.

    I’ll be sure to keep my eye on the market and will keep all of these points in mind.

    Kind regards,
    Ajay

    Profile photo of ajayayyarajayayyar
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    August 20, 2017 - 4:42 pm

    Hi originalsinner,

    I’m starting to look at some areas now – areas I am considering are Central Coast (NSW), Leppington (NSW), Logan (Qld), and Albury (NSW/VIC).

    Aiming to secure something by end of the year.

    Cheers,
    Ajay

    Profile photo of ajayayyarajayayyar
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    July 25, 2017 - 11:00 pm

    Thanks all. Very helpful.

    Profile photo of ajayayyarajayayyar
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    March 14, 2017 - 1:38 pm

    Hi Simon,

    I’d steer clear of the property – the risk seems too high.

    Consider this – the next buyer of the property (when you sell) is likely to notice the same reference to ‘termites’ in the inspection report. While it may not actually be a major issue, the potential impression itself is a risk. This highlights the importance of a building inspection.

    Best of luck in the Logan area – I’d definitely recommend it, and someone I am looking to invest for my next IP.

    Regards,
    Ajay

    Profile photo of ajayayyarajayayyar
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    March 14, 2017 - 1:31 pm

    Thanks Kingi – maybe this year.

    Profile photo of ajayayyarajayayyar
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    March 14, 2017 - 1:25 pm

    Hi Parky,

    If your folks are after cash now, it’s fine to sell – the market is still hot.

    I believe your investment in Botany still has good long term potential – near the airport, near the city, detached house, limited land.

    In summary, if they’d like some cash now, I would sell. Otherwise, just hold on to it – I reckon you can’t go wrong unless there is some type of catastrophic economic crash (GFC-style) which I believe is unlikely.

    Best regards,
    Ajay

    • This reply was modified 7 years, 9 months ago by Profile photo of ajayayyar ajayayyar.
    Profile photo of ajayayyarajayayyar
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    September 9, 2015 - 7:05 pm

    Thanks Steve – that’s very useful info.

    A few questions below:
    * How many properties do I think I could purchase with $300k assume a standard deposit rate (I think you mentioned 30% deposit is standard)? I realise it depends on the price of each property but what are some low/average prices for good cashflow positive properties in the US?
    * When you mentioned that after returning to Sydney I could still have positive cashflow from my US assets bought at $300k, would the positive cashflow be taxed at a higher rate since I am from Australia?
    * With your final sentence, what exactly is a CAP rate, did you mean the rental yield?

    Best regards,
    Ajay

    Profile photo of ajayayyarajayayyar
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    August 30, 2015 - 5:40 pm

    Hello,

    I would suggest Logan City – suburbs like Eagleby, Beenleigh.

    These suburbs are in the middle of Brisbane and Gold Coast city – offering prices in the range from $200k-$250k. You could get rent around $250-$300 p/w if you do your research.

    I am in NSW but I believe Logan is underpriced and has capital growth potential, and good rental yield.

    Best regards,
    Ajay

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    June 23, 2015 - 3:22 pm

    Hi Carolina,

    I think Western Sydney would be a good investment with future potential, given that many families are moving away from areas closer to Sydney due to the expensive prices. I also think that areas in Western Sydney (such as Blacktown) have good potential due to the infrastructure investment occurring in those areas – Western Sydney is becoming like a city on its own and with the likelihood of a new airport (Badgerys Creek) not too far away, this is likely to bring in additional jobs, additional roads/infrastructure, and therefore likely to drive prices up more. I think you are looking at a good area, I invested in Western Sydney myself (Penrith) early last year which has seen capital gains already.

    Cheers,
    Ajay

    • This reply was modified 9 years, 6 months ago by Profile photo of ajayayyar ajayayyar.
    Profile photo of ajayayyarajayayyar
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    June 23, 2015 - 3:16 pm

    One other quick point Trina – I would be mindful of investing in a studio apartment as it may limit the buyer market.. I think at least one bedroom in a good location would have more potential. With $180k, I would be more prone to looking at a house in a solid regional area.

    Profile photo of ajayayyarajayayyar
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    June 23, 2015 - 3:14 pm

    Hi Trina,

    In NSW, I am currently looking at Moree as a place for positive cashflow property. I might suggest you take an initial look there for the $180k price point you’re after.

    I’ve also got a property in Tamworth, and would recommend it as somewhere to potentially look. These are both in NSW, however I also think the Logan area in Queensland has got potential, and somewhere you might find some positive cashflow properties, although Logan is becoming closer to neutrally geared.

    Happy to help if you have any questions let me know. Although I starting investing with capital gained in mind, my new strategy will be to focus only on positive cashflow investments, so I can assist there if needed.

    Best regards,
    Ajay

    Profile photo of ajayayyarajayayyar
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    January 6, 2015 - 3:52 pm

    I didn’t end up buying this as there was an issue with the building inspection for the townhouse.

    Maybe later this year or next year I will try to find something in the Logan City area which I’m keen on looking at

    Profile photo of ajayayyarajayayyar
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    November 16, 2014 - 1:35 pm

    Hi Benny,

    Rates and water are $800 p/q (so around $3200 per year) and body corp around $620 p/q ( so around $2500 per year).
    There’s a gate at the front in a secure complex and the complex is relatively new.. build around 2007 on fryar road. It has the Eagle Tavern and shopping centre across the road.. it’s on fryar road.

    Yield is what got bme looking at the area in the first place – and hopefully over time we’ll see some capital growth there. Lets see if there is more good times to come.

    Cheers,
    Ajay

    • This reply was modified 10 years, 1 month ago by Profile photo of ajayayyar ajayayyar.
    Profile photo of ajayayyarajayayyar
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    November 16, 2014 - 11:43 am

    Hi Original Sinner yep my thoughts too – currently my annual loss would be around $2500 however over time (as rents hopefully increase), it will break eevn and ultimately be positive cashflow and you are right I can afford to wait.

    Does seem undervalued and from reading various property magazines and general research I’ve been led to believe that Logan City and surrounding areas look a little undervalued and there is population growth in those areas.

    cheers

    Profile photo of ajayayyarajayayyar
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    November 15, 2014 - 3:48 pm

    Hi Originalsinner – I am buying for $199100 and getting $290 p/w. Tenant seems alright.
    Rates and strata altogether is around $5900 annually.
    What do you think are the capital gain prospects for the area of Eagleby?

    cheers,
    ajay

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    January 28, 2014 - 12:01 am

    Hello,

    In the Erskine Park and St Clair areas, is there much more land available in these areas to build more houses?  That was my question regarding supply of houses in that area – is the governemtn approving additional houses to be built in Erskine Park and St Clair?  If not, there would be a limited supply of houses in that area, which should continue to drive prices up, although it may not be as signfiifcant as it has been in the past few years.

    Profile photo of ajayayyarajayayyar
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    January 19, 2014 - 1:34 pm

    Hi Josh, I purchased a house in Tamworth in early 2011 and went for Tamworth because I thought it was better thatn Wagga Wagga.

    I actually visited both places and thought Tamworth just seemed a better place to invest – both wagga ad tamworth were the regions I narrowed down to because I definitely wanted to invest in a regional town as I had not investment outside main city area prior to that.

    It's been a reasonable investment to date – I bought for under $200k and for that price range west tamworth would be the only suited area I think, which is where I bought.  They key thing was to find a good tenant which I was luckily able to find, so as long as you do that, tamworth should be a relatively safe bet.  I see tamworth as a longer term investment though… to hold for a number of years.  rents should also slowly increase over time though not very rapirdly

    Profile photo of ajayayyarajayayyar
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    January 19, 2014 - 1:27 pm

    Hi Luke – I bought a property in Tamworth in early 2011 – it was in West Tamworth on Mack Street which is I would say in that housing/Coledale area however on the better part of it.  I bought it brand new after it was constructed it was corrucated iron and have got a tenant in there… I bought it for less than $200k at the time and it is currently cashflow neutral investment

    I did my own research at the time and under $200k west tamworth would be suitable in that price range.  maybe talk to a few agents there, i went thru LJ Hooker.  Once I got the tenant there have been no problems, he is a car technician and lives there with his family.

    It has been a reasonable investment so far, and rents have gone up a little… but I would call it a very long term investment, at least 10-15 years, but if it pays for itself I would say go for it

    Profile photo of ajayayyarajayayyar
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    January 28, 2012 - 12:19 am

    Thanks Terry. 
    Anywhere in particular I can find out more about discretionary trusts?

    Terryw wrote:
    Not really. You will end up paying more tax as companies are charged a flat rate of 30%. Also no 50% CGT discount available.

    Look at discretionary trusts instead.

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