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So the comments leads to Blacktown, St Marys etc being high growth areas. One question I had in mind is if this is the case then why do the house owners sell their properties for under $300k in some areas when they could just keep them and wait for CG?
Your thoughts please!
Thanks for your opinion about the unit which is above the garbage room.
The unit I boight is no way near the garbage room, its just that the agent mentioned that apartment was apparently very sought after.
Anywaya the reason why I choose this complex is because its close to shops, schools and easy transport.
Well it's an apartment complex and nothing that's outside the units can be changed. There are not many 3br in this apartment complex – all the other 3br units were either too small or next to other garbage rooms.
I had to choose between those two units since the others were sold.
But anyways from an investment perspective – would you think getting a unit next to (or in this case, right under the unit's balcony) would turn off tenants/buyers?
^^ You know which one it is?
Your response was somewhat vague.
AnthonyB wrote:Hi RyanJD,As you're renting out the additional rooms, you're not only entitled to claim a percentage on the interest charges & other expenses but you are also entitled to claim the same percentage on any tax depreciation claims available on the property.
Due to the fact that it's income producing, you can claim depreciation on all the fixtures & fittings and potentially the building (if it qualifies for building write off).
All in all it's going to put more money back in your pocket and will cut the weekly costs of owning this property quite substantially.
I hope this helps,
How would you know 'how much' you can claim when filing tax and how much items (such as carpet, curtains, wall paint..if this counts) has depreciated by?
This is the exact same question I had in mind – thanks.
Hi Tony! Thanks for the reassurance.
I plan on getting a unit, not a house in St.Marys. I hope this would still benefit from capital growth and yes I've read the sunday telegraph article its quite interesting.
The question was legally am I allowed to sublet in a strata apartment – of course I will be charging some portion to assist in paying for the electricity/water and some portion being rent.
Thanks all.
Generally how safe is St Marys? More specifically around Queen St and the station side.
I've noticed it's awefully quite around 8:40pm onwards at the station and Queen St when I went for a 'drive around' last night and the one before.
Thanks everyone.
Also just a question, what does it mean by rental yield? For instance I see in some advertisements text like “this property has high rental yield of 8%.”
@ Alex P
I am renting right now in Sydney. Since I wish to avoid paying the rent all together I am after my own place to stay (PPOR) where I'll be paying off my own mortgage via the repayments. For this, I am eligbile for the $7000 first home owners grant.As I understand it I'll have to stay at the PPOR for 6 months to be eligible for this grant.
Or would it be better I forgo the grant and go for an investment property as my first home all together and whilst paying off the mortgage via the repayments I'll have tenants as house mates with me at the same time also paying their share of the rent?
As xdrew mentioned earlier about the downturn and interests rates I am not quite too sure which path I should take.
