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  • Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    September 27, 2006 - 11:51 pm

    Terrryw,

    Thank you for your reply and indeed it was brief and to the point. It was very helpful to us as we didn’t know about the things you mentioned.

    All Investors/Members,

    There has been so far @ 45 views excluding mine and have only one reply. Investors please help us and provide your thoughts.

    Thanks,

    Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    October 11, 2005 - 11:23 pm

    I’ve been looking few suburbus in west sydney and strongly feel that price are very much inflated. For and property of approx $280000 one can only get rent @ $180-$200. That is very low rent. Hopefully properties in western sydney will have good capital growth due to that new M7 freeway underway.

    Any opinions/experiences from you all are welcome.

    Thanks,

    Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    October 7, 2005 - 7:05 am

    Camder,

    Sorry, my mistake. Misinterprited.

    Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    October 7, 2005 - 1:39 am

    Lets start with country NSW.

    Also, am I fair in assuming that rent should be @ 1.5% of purchase price?

    Thanks,

    Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    October 7, 2005 - 12:41 am

    Can you all point me to some resources where I could get further info on selection of geographical area to buy IP in.

    Thanks,

    Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    October 6, 2005 - 6:19 am

    Hi Mobile Mortgage,

    I baught property for $235000 and spend @ $10000 for renovation. Havent got eveluation done by professional but looking at the sell price in my area and considering that my unit is in very good condition (totaly renovated), I assume that I should get @ $ 260000-$275000 if I sell now.

    I am looking to purchase IP of $200000 & below as an ideal situation but can go up to $230000 mark if property/rent is right.

    Thanks,

    Profile photo of MunnoMunno
    Member
    @munno
    Join Date: 2004
    Post Count: 35
    October 6, 2005 - 5:51 am

    Everyone, thanks for your input. I was expecting more response but well…

    Ok, so general advise is as below:

    We can invest in property with current situation but look for property with lesser value and higher rent, comparatively. Also, look outside of Sydney (Country NSW or Interstate).

    Am I correct in assuming that?

    Thanks,

Viewing 7 posts - 21 through 27 (of 27 total)
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