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Hey Ivan thanks for you feedback thats much appreciated. Its always good to hear people’s opinions im still learning so its great read to read what people are thinking.
My advisor had no impact in the property I purchased. I was given how much I could borrow and he only advised me on QLD. I actually nearly bought in Orange but the weekend we went to look at it was put on offer. I eventually found what I have now. I have heard different opinions of the area but I am still happy with my purchase. If its anything like Western Sydney it eventually has to expand.I purchased my IP in Ipswich. I heard mixed reviews however it was the most affordable area for me to start getting a good return. I paid $230k and getting $300 rent.
My financial advised me to go QLD so I looked and Ipswich was where I felt was best to buy.
Why?? Affordability and a decent rent return was one but my main reason was long term growth for the area. Iv livef in Western Sydney all my life and see the changes. Now Ipswich is in a similar scenario what will it be like in 20 years? Just my guess.
Thanks for the replies guys and yeah im stoked its been on my bucket list for years and was great for me and my wife to purchase an iP. I live in Sydney and my IP is in qld.
In regards to the % I pay I couldn’t tell you. I guess I need to find that out. However I pay $120 a month for there fees so thats what Im working off.
I reckon for the first month I was a pest to them asking a lot of questions and wanting info sooner rather than waiting but now im in rhythm with it all iv learnt not to worry.
I cant complain about them I dont here from them. Since April they have sent me 2 inspections and advised on minor repairs. I wasn’t aware (rookie error) of changing council and water into my name after purchasing the property once I was made aware they said they would do all that for me and make payments when needed.
Pete I take your point on staff turnover. Approaching my 5th month there has been a overhaul of staff changes which I was notified so I guess il see how it goes in future.
Overall im happy but for me its just learning whats out there and not wanting to be ripped off.
ThanksRyan
