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Thank u , guys. I am not sure if I make the right move on this investment or not. This property is priced at 438,000 and is a dual-key unit, of which I paid 20 percent, not a small number. I could not figure out why I put so much deposit at the first place. Maybe I did not mean to invest originally. Like I said before, I did not realized I was interested in property investment till I was introduced to take this place by my friend, who is agent by the way. But now I ended up with nothing in my deposit.
This property yields good return though, 7.2%. The thing thats been troubling me is that how the dual-key units would go in its value. Cant see clearly on this. It is in parramatta. I know a lot of talks go round about this place, which is sensitive like dual-keys. Seems to have good prospects, though a lot of people might be against it. Whatever, I have been attached to it, whether good or bad. But I still wanna hear more from you guys, cheers.
Actually I am going to pay 20% off my first property. Actually my original thought is not to buy a IP, but when I got to know more about the property investment, I felt there was something I should do in this area. Now that I had already signed the contract for my first property, I could not change the rate of deposit I am going to pay. That's why I am thinking of using the equity loan.
Thanks for your advice, JON. What do u think of Parramatta? It seems that It would keep the strong rental return in the long run
