laminariales replied to the topic Are some mining towns too hot? in the forum Help Needed! 12 years, 8 months ago
schmoo wrote:
I heard a rumour that prices have dropped by 30% in Moranbah and surrounding areas. Is this true?I’m about to sign on the dotted line for a place in Moranbah and reading this thread is making me think twice and looking more towards Mackay for coastal living and more diversity and growth, or Emerald as a more affordable…[Read more]
laminariales replied to the topic Just bought first IP! in the forum Help Needed! 12 years, 9 months ago
Thanks for the advice. I have decided to go ahead with Jamie
Also, the thing that made me kind of think maybe i should go down another track (and make this thread) after getting a call from the REA’s mortgage broker was how super confident he was that i would go through with his deal. After he said he’d come over to my place, i confirmed with…[Read more]laminariales replied to the topic NRAS apartments Kingsbury in the forum Help Needed! 12 years, 9 months ago
Absolutely it would seem like a poor deal given that it is off the plan, is part of a large block of apartment and well, it is not student accommodation but is similar. That’s why if it were not NRAS (practically guaranteed CF+) it would be a terrible purchase. The agent said there would be good capital growth because of the area. But really,…[Read more]
laminariales replied to the topic NRAS apartments Kingsbury in the forum Help Needed! 12 years, 9 months ago
Thanks for the reply Lefty.
Would you be able to elaborate on why the return is restricted and what these costs are? I had thought the return was the best part of the NRAS deal. It is well above all other similar properties in the area.
I have no time or desire to renovate properties (Although i certainly appreciate the tactic, it just doesn’t…[Read more]
laminariales replied to the topic Small unit in the forum Help Needed! 12 years, 9 months ago
Based on my recent experience, CBA will go to 90% on buildings over 40sqm… At 51sqm I think you’d be fine with anyone.
laminariales replied to the topic Pseudo student apartments in the forum Help Needed! 12 years, 10 months ago
Thanks for the reply. The idea of the building depreciating is one i hadn’t put much thought into and will certainly have to take into consideration.