Forum Replies Created
with the income you and your wife achieve, it would be better to build your new house and rent it out. You would then have higher depreciation for tax purpose. I am not sure how do you set up your new loan to buy the new block, but just put as much as money to your "home" loan and borrow more from the investment loan to get the advantage for -ve gearing. depend on your financial situation, you can build up a low set to lower down your cost for constructions and have higher rental return compare with a 2 stories house. However, 2 stories house normally have higher cptial growth. Any other question, let me know.
Daniel
I am looking something under 400K and having 10% deposit. It make my loan to 360K and it will make a big difference for 7% to 9%. Will the price drop if the intestst rate to up to 9%? If yes then I can buy a IP with a cheaper price. Is my theory right?
Hi All,
Thank you for all advises and they made me have a clear mind for what to invest and where to start. Thank you all.
Regards,
Daniel
Thank you for all reply, I am new and want to get into the property investment in Brisbane. However, I am not sure what type of property I am looking for, I can see the protential grow in the Brisbane CBD and therefore I was looking into the M on Mary one. Since I don’t have any positive reply for the particular unit, I guess I should give it up now.
I got another question I don’t have enough knowledge to work out yet. Let say if I buy the new apartment for 360000 and compare it with the 5 years old house and land package for the same price. If I just want to pay for the interest only, which one do I need to tip in more? I don’t relly think I can get any positive cashflow nowaday for a property like this. Please advise me what would be the best option for my first investment property, I understand it will be very important for me and affect the investment in the future. Any advise would be helpful and aprreciated. Thank you.
Regards,
Daniel
Hi Nigel,
Thank you for your reply. I am actually got on hold for the apartment and having the contract tonight. A lot of units are sold already, just want to know if it is a good location to buy for this size and price, and also it will settle in 2 years time, would that be advantage for me to wait for the captial grow? I intented to keep this property for about 10 years time for buy and hold strategy. Is it a good idea? Please advise.
Regards,
Daniel
