Forum Replies Created
thanks for the info scott!!
the positive side is everyone want this matter to be resolve ASAP. and no one like the idea of spending money too much on special levy.
all we want is spend enough budget to end the problem.
when it's fixed i hope the value of the property increase and i can make profit.
^__^
thanks for responding my thread, scott and catalyst.
Hi Catalyst,
there is common place, eg. driveway, garage, small lanes between buildings.
what i thought with common place is we can split the strata fee based on garage size.
but i don't know if it's acceptable in the practice.
Hi Scott,
So there's possibility for me to challenge the committee to make it 2 schemes for the strata?
With the current problem, do you think I still can raise this in the meeting and ask them to split it?
It's managed by one strata agent, which I assume all under one strata.
d
it's under one strata.
if it's the other way round I don't mind paying more as it's different building.
thanks for the information!
if that's the common practice then I don't mind.
@shape
i’m newbie need advise
so before you bought on your chippendale unit, do you check with council and strata first? or you bought it then check it later?what’s the most chance for approval of changing a studio becoming1 bedroom apartment?
is it worthed?thanks… : )
lordopg wrote:dc99 wrote:Hi Angel, I did some research for rental market in Sydney and mostly the rental return is around 5%pa. Let say Sydney CBD, 1bedroom apartment can cost me $530,000 and with rental income is around $520/week ($520x52week=$27,040.00~around 5%pa from investment) Is there any area with rental income 7-10% pa? Do you consider 5% return pa is healthy investment? Thanks, dc99Ouch, Sydney market sounds BRUTAL!
yes indeed…
where r u investing lordopg?
perhaps you can advise me on better suburbs?angelinsydney wrote:Hi Larry,Indeed, Larry, you would be paying interest on the additional loan of $36K. So hopefully, you would be wise and purchase your next property with a minimum 8% net return.
Let's work on the above scenario you supplied: You now have $36K as a deposit for your next house. For the sake of the exercise let's pretend you want to buy 59 Douglas St., Tenterfield, NSW. This is being advertised on realestate.com.au
Here is what the ad says:
Investment Opportunity
Here is a chance to invest in a rental property with potential.
The property comprises 2 x 1 bedroom units and 3 x 2 bedroom units which rent furnished.
Located on a corner allotment within walking distance to all amenities and set in low maintenance grounds, these units have the potential to earn $470 per week
Long term tenants in place.
Vendor keen to move on.
Let's pretend, for the sake of the exercise, you got the seller to accept $260K. You put in $26K (10%) and the rest was for LMI, bit of reno and other costs.
Your total loan for the property is $234,000 and $36,000 = $270K. Pretend you fixed loan for 3 years and it is 7.5%. You decided to pay interest only. The interest payable per month is $1687.00. You rental income is $2,036.66 ($470 x 52 weeks / 12).
Now, you can see that this property number 2 is also self-supporting.
Repeat the process for investment number 3.I hope this helps.
Angel
Hi Angel,
I did some research for rental market in Sydney and mostly the rental return is around 5%pa.
Let say Sydney CBD, 1bedroom apartment can cost me $530,000 and with rental income is around $520/week ($520x52week=$27,040.00~around 5%pa from investment)
Is there any area with rental income 7-10% pa?
Do you consider 5% return pa is healthy investment?Thanks,
dc99
