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Ok So I will break down returns and answer your question.
All returns are based on sales prices (purchase price) and rents for those areas (I try to be as on the point, not conservative and not optimistic(rent wise)what is a ROI % or 5% return mean, well its
the return percentage (the banks formula generally, I personally have other ROI formulas I prefer)it is the weekly rent times 52 divided by purchase
for e.g.
$200 per week rent, times 52 weeks divided by purchase price of $100,000
= 10.4% returnmake sense?
this formula is useful in working out profitability if you understand all other aspects as well.
from this you get a good idea if a property will make a gain or loss each financial year. (positive/negatively geared)
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Rental demand has only grown here since 2000, people love the gold coast and its easy to understand why.
I really feel returns are far better for duplexs and houses, when you look at bc fees.
I can find 7% and over house/duplex returns
west bris I can find 8-9% returns
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
http://www.sro.vic.gov.au/fhogapply
1. you only get the grant for new build (you should get stamp duty waived)
2. Yes very likely unless legislation changes (as long as you legally live there for first 12 months.So this is a big question/answer, it depends on your goals and lifestlye etc.
happy to chat if you would like.
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Call local planning office and have a chat, they should give you good insight and clear path (even though they can be vague)
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
I Study market Australia wide, if you can buy good solid purchase that cannot be rebuilt for that price, thats a strong point.
if you can get a 7% yeild get started and get your first property!
all the best
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
west bris I mean haha
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
So I am based on gold coast, invest here and interstate.
would suggest houses over units here, even duplexs hold good yields comparatively as bc cuts into gains.
depends what your looking at to fit your strategy, but I agree with Sarah south and east of bris are far better deals (generalization)
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
I live close to brisbane but find better deals outer state.
happy to chat as I stated.
either way wish you all the best
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Not majorly, have studied it a fair bit, understanding how to source deals is similar once you understand what your looking for
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Trashed, structure or flood, bank resale, etc etc etc
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
1. call planning office (get online website details and study it)
3. call planning office and if applicable get a planner or certifier to assist.Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Done!
ill actually be there ahaha
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
even call or email, most planning offices are happy to chat.
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
agree with the boys, you can likely beat 4%
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Been paying attention, yes SA has a few areas around that 8%, some really great buys
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Good Day Nipuni,
this is exactly what I do (plus a few other things)
I can find you a positive property and very likely organise everything and help with a large aspect of the due diligence.
if you would like to have a chat and I can answer any questions, text me on 0431376130 to organise a time.
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
I would talk with town planning
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Debbie, firstly great work getting your first two.
look, PnI over IO is just forced saving, if your doing it anyway and save (x) amount extra in the .4% per year (which you wrote differently a few times) then why wouldn’t you swap, providing there is no tax reason.
what is your rate now?
what did the bank state it will change to?I would be happy to have a chat and answer all the questions surrounding and give you a in-depth answer rather than the vagueness I can with the information so far. (feel free to message me to organise a chat time – 0431376130)
Kind regards
Jaxon Avery
0431376130Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Weed/plants/they like a undercover BBQ
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
aside from the above advice,
“Is it possible to try and make the current freehold PPOR, cashflow neutral as an IP?
firstly, if you had more rental return yes possibly. for e.g. 10k on reno and increase rent by $40PW your far closer to that goal.
really comes down to the exact specific situation and how you want to tackle it, but depending on a stack of variables you could come out far ahead then if you do the stock standard approach.
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
