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  • Profile photo of phil28phil28
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    @phil28
    Join Date: 2014
    Post Count: 5
    September 7, 2014 - 9:14 pm

    Hi Benny!

    That information is so helpful and has kept me busy for a long while looking over all the links!

    Just what I needed starting out to gather some great information in an easy and understandable explanation!

    I’m just wondering what are the best resources for finding information about how certain suburbs are trending and changes in the market?
    I have heard of Residex, RP Data, SQM, info on realestate.com.au
    Or is it best getting in and amongst the areas I am interested talking to agents and going to open houses and so on?

    Thanks so much once again!

    Phil

    Profile photo of phil28phil28
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    @phil28
    Join Date: 2014
    Post Count: 5
    September 6, 2014 - 4:08 pm

    Hi mick!

    Thank you so much for your insight! Makes a lot more sense to me now!

    That means I can look into a few more options than previously.

    Is the growth potential related to new things coming to the area ie. Schools, shopping, transport?

    With a 95% lend is it still possible to find CF+ properties in the 250-300k range? Or would it have to be negatively geared? I’m am just worried about not being able to find a tenant and then have this massive debt?

    Thanks!

    Profile photo of phil28phil28
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    @phil28
    Join Date: 2014
    Post Count: 5
    September 6, 2014 - 10:01 am

    Thanks Jamie!

    From what I have read in most places, lenders want a 20% deposit so thats the main reason I was looking in the 90-130k range, however if that is not the case I would be very interested in looking at places in the $220k range (is it more or less likely to have a CF+ in this range than my original?)
    I understand what kinetic is saying though as it is most likely that all the places I have looked at have multiple apartments in the same building that have a low demand in rent.
    By no means am I ready to go out and purchase an IP, but I am well on the way with my budget and time frame. I am just trying to get a little push in the right direction eg. how to know where to look, where to find out what areas are doing well…
    I have just finished reading From 0 to 130 properties in 3.5 years, I loved it and learnt a lot! Is there any other books you would recommend me having a look at?

    Sorry for the 101 questions :P any information you can share would be amazing!

    Thanks again,

    Phil

    Profile photo of phil28phil28
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    @phil28
    Join Date: 2014
    Post Count: 5
    September 5, 2014 - 8:37 pm

    Thanks for the reply!

    I thought that would be the case, I saw the properties on realestate.com.au and thought if they are such a great deal then why hasn’t somebody else taken them?

    What are the problems associated with renting small studio apartments?

    The main factor making me choose that price range is the deposit I would need to save, around 20k-30k?

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