Over how many years does that 10% per annum capital growth include as usually those figures only go back 10 years. Should we ignore those areas which might average 10% per year but that is due to outliers. Also what is generally considered a good vacancy rate?

Well I was looking and researching the Muswellbrook, Maitland and Cessnock areas up in the Hunter Valley. But I am not really sure if I have missed the boat on those areas or whether those areas are looking to grow quite substantially in the next 5-10 years. They are areas which may benefit from mining but are not solely dependent on mining. I am…[Read more]

Hi Pauline,

Does Toowoomba and Bathurst have potentially higher capital growth rates or are they seen more as better cash flow options. Because I would like to build a portfolio I am trying to see which areas will allow my property to build enough equity to purchase another property. I will probably need to build around $50-60K in equity in 3…[Read more]

Would you classify those areas in Queensland performing better from a capital growth or rental yield perspective. than Toowoomba, Orange and Bathurst?

Hi Matthew,

My goal is to build a property portfolio of 20 properties with a net worth value of $5 million in 10-12 years. As I am 21 I saw these areas as areas that I could afford, had key economic drivers. I am just not sure which of those areas would have the highest future rates of capital growth so I can build equity and purchase more…[Read more]

$200,000 to $300,000 I would aim to spend for a property in Western Sydney.

Hi Shahin. Yeah I am starting out so I think residential is my best starting point for now. I am now leaning towards the South West and Western Sydney hubs. I have checked out the economic indicators for Penrith and GRP in that area has trended upwards for a few years now so from an economic perspective the area is growing. It is just trying to…[Read more]

Hi Jamie and James,

I guess I have set $50,000 as the target to save as I would like to allocated $30-35K for deposit and other expenses and $15K to live off so it doesn't wipe me out completely. Yeah I was actually thinking on the lines of trying to do find a good mortgage broker. Do some of them able to come to your house for meetings or do…[Read more]

Hi Shahin and Jamie. Thank you very much for both responding as I really do appreciate any help I can get from you guys. I guess reading all these books has just made me confused as some say positive gearing is the way to go and some say buying units close to the city is the way to go as land and property is more scarce there so I am not really…[Read more]