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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of johngjohng
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    @johng
    Join Date: 2005
    Post Count: 10
    December 30, 2005 - 7:14 am

    Terry. where do you find 7% return in Sydney that is not in boarding or in commercial?

    Profile photo of johngjohng
    Member
    @johng
    Join Date: 2005
    Post Count: 10
    December 30, 2005 - 1:04 am

    Giddo

    Have a look at my new post. I am new to this forum business and posted a new topic instead of a return!

    I have copied and pasted JohnG’s post below – Derek

    I’ve lived in the ares all my life. Summer Hill is 7kms from the CBD, 10 minutes by car and 7 minutes by train. Great area that is seeing more and more growth as families move in. The rooms are leased out to mainly students as Sydney Uni is so close. The out goings on this prop are 7.5K plus upkeep.

    Interested in the deep north. 18% return. WOW! That is great. More info please.

    Profile photo of johngjohng
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    @johng
    Join Date: 2005
    Post Count: 10
    December 30, 2005 - 12:48 am

    16%-18% Gross does not happen in NSW or at least I am not aware of it!
    The building is 3 years old and is brick. No management costs as I will be collecting the rent myself.

    Profile photo of johngjohng
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    @johng
    Join Date: 2005
    Post Count: 10
    September 16, 2005 - 5:10 am

    Thank you to all. You have been a great help!

    Profile photo of johngjohng
    Member
    @johng
    Join Date: 2005
    Post Count: 10
    September 14, 2005 - 7:32 am

    I guess what I need is a starting point. A state, a region, an area. Something, so that I can get out there start talking to agents, start applying the 11 second rule etc. In short I need to start getting some experience in this new field. Any advice?

    Profile photo of johngjohng
    Member
    @johng
    Join Date: 2005
    Post Count: 10
    September 14, 2005 - 7:25 am

    Where do you find IP with a 10% return?

    Profile photo of johngjohng
    Member
    @johng
    Join Date: 2005
    Post Count: 10
    September 14, 2005 - 12:30 am

    I’ve just bought my first property for 775K. I owe 500K on it. It is leased at 600 a week. I earn 90K and my wife earns 40K. we do not live in it. my contract at work insures that i am given a hous to live in for the next three years rent free.

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