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  • Profile photo of morpheusbushymorpheusbushy
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    @morpheusbushy
    Join Date: 2010
    Post Count: 55
    October 10, 2010 - 10:07 am

    I'm also interested in what you have asked so looking forward to getting some feedback!

    Profile photo of morpheusbushymorpheusbushy
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    @morpheusbushy
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    Post Count: 55
    October 9, 2010 - 1:06 pm

    Either way, it’s always good to diversify some of your money!

    Profile photo of morpheusbushymorpheusbushy
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    @morpheusbushy
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    October 9, 2010 - 11:14 am

    Most locals consider West Tamworth and Coledale to be separate. True, Coldedale is technically a part of West Tamworth – though most of West Tamworth (compared to Coledale) has quite a good area & housing affordability.

    You might also like to consider just over the railway in South Tamworth area. I'm in the process of purchasing a property on Croydon Ave (*Fingers crossed* i'll be getting 7.8% return).

    Coledale has very little capital growth potential whilst South Tamworth will be neutral or modest over the next few years. Like most other areas in Tamworth.

    Hope this helps!!

    Profile photo of morpheusbushymorpheusbushy
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    @morpheusbushy
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    Post Count: 55
    October 9, 2010 - 11:08 am

    I have no idea about the tax, seems pretty complex!  Make sure you know that if you were take $2000 out of your home loan and invest elsewhere (assuming you are paying say 7% interest), then that $2000 would have to MAKE at least 7% just to break even. That's the correct assumption isn't it?

    Good luck!

    Profile photo of morpheusbushymorpheusbushy
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    @morpheusbushy
    Join Date: 2010
    Post Count: 55
    October 7, 2010 - 1:07 am

    Hi Jono,

    I’ve recently bought my first property in Tamworth. I live in Canberra now but Tamworth is my home town and it would be good to meet and network when I come home a few times a year about the local market. PM me if interested.

    Cheers,
    Anthony

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