Ok Thanks Richard,

I think for now I will probably stay away from high rise apartments and try and focus on houses and possibly town houses.

I have a few general question regarding investment that maybe you guys could help me with.
– What are your opinions in investing in a house close to Brisbane? Say roughly within a 6-7km radius of…[Read more]

Thanks for the replies Jamie & Terry.

I guess I should try and steer away from OTP and apartment investments. I know that no matter what strategy you follow there will be people telling you it can’t be done, which was why I wanted to hear from and mimic those who have been successful with OTP apartments. But the sheer number of reputable people…[Read more]

Thanks guys.

I’m glad point 4 was clarified. I had thought that you could grow your property portfolio within a SMSF.

Regarding point 2 – If we keep our savings in the offset account and decide to purchase a second IP, what would be the best strategy to purchase the second IP?

Thanks,
Dru

Thanks for your reply Terryw!

1 – We’re first home buyers so we’re planning to live in our property for the first 6 months and then rent it out after that. Would 6 months be enough time period to be eligible for the “s118-145 ITAA 1997”?

3 – I probably didn’t make myself clear on this one – I would pay off the principal on the first IP and then…[Read more]

Hi Aaron,

I guess I’m still optimistic that if navigated properly, in 2 years of purchasing this unit its resale value would be potentially 50% or higher. It’s also in an extremely convenient location close to Sydney CBD and I wouldn’t mind living there for several years.

Essentially I see it as a high risk but extremely high reward potential. I…[Read more]