20 sqm is possible… my first place is 30m². Studio apartment, $165k, currently renting at $185 pw, furnished. There is another studio in the same building currently up for rent, asking $240pw (although it’s probably renovated, and has a car space). This is in Artarmon, (lower north shore, NSW).

Purchase price sounds about right, rental s…[Read more]

Originally posted by eezy:
Hi Bizibee,

Yes you are correct, my IP, with the figures i gave isn’t quite cf+, but because it is my first IP i had to have a 20% deposit. So with the small rejuv i will give it the figures will be loan of 104K receiving $250 per week rent. It works out (minus costs) to be cf+ by a small $10 a week, not much but i…[Read more]

Bought my first property, settlement is next week. Artarmon (Lower North Shore, NSW), studio apartment, pool, gym, sauna, tennis court, spa. Cost 165k. Currently tenanted at 185/week. Will move in in a little under a year. Plan then would be to rejuvenate a bit cosmetically, then rent it out – should go for about 200 a week or maybe slightly more…[Read more]

Originally posted by aumeow:
can anyone show me something nice around sydney…. within 3 hours from sydney coz i really want to get motivated…(well at least know that it is possible to find a deal)

andy you said you find one in auburn for 90K??

thats CHEAP !!!

-aumeow

Yeah, you just need to do your homework! Like I said, I haven’t seen…[Read more]

Hi aumeow,

I’m just starting in Sydney.

Very difficult to find cashflow positive in Sydney. My current place was 165k (studio apartment) and currently renting for 185/week. This is good for Sydney market, although obviously it’s quite cash negative.

I did some digging and discovered a studio apartment for 90k in Auburn, similar units rent for…[Read more]

Originally posted by darls_666:
Sorry another topic from me…

I am just trying to see if I am on right track with potential IPs in WA… No plans to buy at this stage – still doing research (heck I only started last nite!).

IP #1. – Wembley – One bedroom Unit “Investors bargain, etc” – Asking price – $115,000. Currently rented out at $110…[Read more]

Mr Allistair Graheme,

There are two kinds of doomsayers; rational ones who want the best for you and don’t want to see you get burnt (and will say things like “is it a good price”, “do you really think it’s a good buy” etc, and will eventually come up with “as long as you’ve done your research…) and ones who either don’t want you to succeed,…[Read more]

Originally posted by Pelicaninvestments:
This is more an issue of ethics/morals….

If you don’t tell they won’t know……

BUT – Will that sit OK with you ???

To be frank it sounds like you don’t really need it, if you can afford to buy an IP in NZ….. but…. it’s your call…..

Cheers

You may know the cost of everything…. but what…[Read more]

G’day.

Sorry, I’m new here, if I’m breaching any protocols please slap me on the wrists.

http://www.osr.nsw.gov.au/portal/page?_pageid=33,63391&_dad=portal&_schema=OSRPTLT

That’s a link to the OSR website. It only mentions properties bought in Australia, so you should be OK, I would have thought.

Cheers