Forum Replies Created
Bek,
Send me the details if you like and we would love to have a look at it.
Cheers,
ChrisShel 25,
First of all you need to check with local council as to the zoning of the property. Although it is 2 aces that does not neccessarily mean it can be subdivided. Start by contacting the the council and asking a town planner as too the neccessary requirements in your area for subdivision.Cheers,
Thanks bardon,
I will be sure to check it out over the next few weeks. Good luck with your investing.
All the bestHandy Andy wrote:Bossdog wrote:Any ideas about positive cash flow or growth properties in other areas of QLD. Any recent stories please. I will be headed up there over XMAS to Brissie and Noosa and Toowoomba. Any suggested suburbs/properties to look at?
CheersI really think you almost need to go rural for cf+….OR, add grany flats etc. to an existing residence for extra rental income…good luck with it though…I like Hughenden as a "possible" cf+ area.
Thanks Andy
Mate that is helpful . Why do you like hughenden? Do you have any examples to check out.
I will have a look and see what I can find.Cheers
bardon wrote:Sippy Downs is performing well although not CF+ve and defintely worth a look if you are going to Noosa. Rent very strong good long term tenants as they want in the school catchmentThanks bardon
I will have a look when we are up there. Have you invested there before?Anrobel wrote:Hey Bossdog … send me your email and i will forward a report re growth areas QLDThanks Anrobel.
I have sent you my email
many thanks.Any ideas about positive cash flow or growth properties in other areas of QLD. Any recent stories please. I will be headed up there over XMAS to Brissie and Noosa and Toowoomba. Any suggested suburbs/properties to look at?
CheersYou may have to look at a low doc or 100% finance loan. Rates vary between 8.8-10% variable at the moment. There are number of second teir lenders at the moment who may look at it. You will probably have to pay mortgage insurance though as you'll be highly geared. Seek your own advice though.
CheersThanks
Belinda,
My partner and I are in Sydney haven't bought yet. We both rent with high disposable incomes.
We are both entitled to FHOG and Stamp Duty concession, and we tend to agree that it is better to build an asset column rather than be mortgaged to the hilt with no tax deductible interest!
I agree that your investments also need to be + geared. Good Luck
Cheerscrashy wrote:Im not in Sydney so Im only going on online gut feel……Sydney as a whole I think is the most undervalued city. There is obviously a tipping point* as you head west and I expect that point to move west as the eastern parts move up in price. geez I hope that made sense. where exactly that point is I dont know. But I think if you buy in the most easterly suburb you can afford you will do OK* = moving from suburbs with rising prices to suburbs with falling prices
Thanks Crashy,
Very interesting.
I gather you are talking about PPOR .
Is there anyone else out there from Sydney?
The basic question is this…
Is it worth being mortgaged to the hilt and putting off buying IP in Sydney given the current real estate market or is it better to buy investment properties +geared at the sacrifice of the stamp duty concession for FH buyers?crashy wrote:I think you will regret it if you wait to buy as prices are on the way up.Which area/ state are you referring to? Prices are down in our area (Western Syd), and have been for six months or so. In talking with local agents there seems to be no rise on the horizon, especially if there is another rate rise.
Thanks for your input.
ChrisThanks Simon,
Whilst I realize we get FHOG for an Investment property, Stamp duty exception is worth approx 14 k for us. Given this and FHOG is worth 21k It makes sense to use this assistance with a Sydney HL as it is going to be a higher debt. We are wondering if we should buy a home in Sydney if this is a "true buyers Market" now or wait while we build up more income? Do you think they will increase FHOG?
ThanksHi Guys,
Do you think it's better to buy a first home now (Sydney), save rent, & use the FHOG now given the current flat (buyers) market or purchase positively geared investment property first and miss out on FHOG? My gut feeling is too hold off , till election , see if FHOG is doubled, and in the meantime explore how to build asset column, and continue to build business (could take 18 months) to assist with servicing own home loan debt down the track.
Do you see house prices falling in Sydney?Interested to get an outside view on this.
Kind Regards,
ChrisI think it's a great idea. Will get my vote!
