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  • Profile photo of Chris.R_WAChris.R_WA
    Participant
    @chris.r_wa
    Join Date: 2005
    Post Count: 24
    November 3, 2005 - 4:14 pm

    Hi guys,

    Thanks for your insights and experiences. The 330K-350K was only ballpark, based on a very conservative estimate of our borrowing capacity (assuming 10% deposit), though I can understand the issue with NTDD. We are just fairly keen to get into the market as soon as we can, CG is great… but only if you are already in the market!! As u know median price in Perth recently went through 300K, predicted to reach 350 next year.
    Dazzling I was really interested in your 2 IP’s before your first home. Does anyone else have any experiences of buying IP before their first home, or things to watch out for (asside from the usual)??

    Thanks everyone, these forums are really helpful[cap]

    Profile photo of Chris.R_WAChris.R_WA
    Participant
    @chris.r_wa
    Join Date: 2005
    Post Count: 24
    November 2, 2005 - 4:23 pm

    Thanks tgavin,

    We do have a regular savings plan and are pretty well budgeted. I guess what I was trying to get at, is that we will obviuosly save the required deposit for a 170K IP a lot sooner than for a 350K house we would like to live in.
    We are both are keen to get stuck into property investing but also need a PPOR (renting at the moment). Just wanting some general ides of which order to purchase the properties in??

    Any ideas/suggestions are great, it gives us more to research and investigate.

    Thanks,
    Chris

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