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  • derekpuah
    Participant
    @derekpuah
    Join Date: 2004
    Post Count: 7
    November 5, 2004 - 4:46 am

    I was thinking of doing a bit of touch up. However the house is in a pretty good order although it is not fantastic. I am not sure if huge renovation will make any different in the term of value.

    derekpuah
    Participant
    @derekpuah
    Join Date: 2004
    Post Count: 7
    November 3, 2004 - 7:48 am

    The expected rental return is around $400 a week. Newtown is 5 km from city and 1 km from Sydney uni. It is quite a vibrant and funky little suburb. The location is superb so I think the growth prospects is very good.

    derekpuah
    Participant
    @derekpuah
    Join Date: 2004
    Post Count: 7
    November 3, 2004 - 7:08 am

    I have been offered a property in Newtown where the vendor willing to offer vendor finance. I only need to put down $20K deposit. I will able ot save heaps in mortgage insurance. However, the repayment is a killer. Do you think I should take up this offer or rather use my cash for the CF properties ?

Viewing 3 posts - 1 through 3 (of 3 total)