Forum Replies Created
@scott no mmess
i haven't heard anything specific about the area but South west Sydney is a known troubled area plus there are housing estates in the area. Just trying to work out if investing in that area is the right thing to do.
Big thanks for the advice so far.
Ideally I'm looking to spend up to $300k and would prefer a positively geared property (or almost positively geared one). I find the whole idea of hoping to capital gains a little scary and like the idea of someone else (tennant) paying off the mortgage. At the end of the day if in 10/20 years time it doesn't go up in value as much as other areas then at least I'll have a mortgage free place.
Any thoughts on that?
cheers
Thanks for the advice JacM. I will no doubt check out Blacktown.
I should clarify my previous post. Negative gearing isn’t the first reason for investing but as there aren’t many positively geared properties out there I thought I might as well reduce the amount of tax I’m paying. Saying that if anyone can suggest good areas for cash flow positive area please tell.
I like the north shore as it is a (fairly) stable area but most of the newer properties are highly cash negative which isn’t good for the overall cash flow.
I’m looking at a two bedroom unit, which is new, price $725k. Rental around $690/week.
Hi guys,
I'm new to this site and would like to ask for some advice. I'm looking at buying a house and land package in the Forest Spring Estate in Gladstone. Builder's name is Mark Bain. Does anyone know much about his reputation?
Also, we live in Sydney and are wondering if we should travel to Gladstone to look at the site? Saying that the land has only been released and there is nothing to look at. What is the done thing in this situation?Cheers
M
