propertyboy started the topic Sydney dual occ/sub in the forum General Property 1 year, 9 months ago
Hi guys got a budget of 1.1-1.7m for a property (this budget for the purchase only excludes build). Want to buy property landbank and in 1-2 years build two. any ideas which areas with favourable town planning i should focus on in sydney (ideally not western syd).. Done this before in melb (which seems to be much easier and more sites in that…[Read more]
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propertyboy started the topic Sydney dual occ/sub in the forum General Property 1 year, 9 months ago
Hi guys got a budget of 1.1-1.7m for a property. Want to buy a house and out another in back or build two new ones. Any ideas which areas with favourable town planning i should focus on. Done it in melb but want to diversify and just finding hard to find an area to focus in within my budget
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 2 months ago
Yeh but you see i buy my next one on a 3% yield. IM done borrowing capacity done. I enjoy always looking for the next one
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 2 months ago
Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 2 months ago
Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 2 months ago
Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 2 months ago
Yes but stamp duty is much less, land tax is much lower, yield means dont get cappeD on serviceability. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property let me know
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 3 months ago
In my experience in aus you are capped on personal income for conventional lending as resi yields are low and banks stress at very high rates. In uk, you can be on a very low perdonal income as long as its £25k (thats from property distributions mind you also) and as long as property services 1.25x of the interest that is all they test. I Wond…[Read more]
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propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 3 years, 3 months ago
In aus you are capped on personal income for conventional lending of conventional lending as yields are low and banks stress at very high rates. In uk, you can be on a very low property and as long as property services 1.25x of the interest that is all they test. I Wonder if historic low rates have changed the game and wil make it easier for t…[Read more]
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propertyboy started the topic 7%+ yielding properties in the forum Help Needed! 3 years, 3 months ago
Hi guys, ive still got some borrowing capacity.
i have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit -got lots of equity)
but have been looking at some regional areas where yields are 7%+ and properties are ~200k. Effectively, i could keep buying and not be capped…[Read more]
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propertyboy started the topic 7%+ yielding properties in the forum Help Needed! 3 years, 3 months ago
Hi guys, ive still got some borrowing capacity.
i have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit -got lots of equity)
but have been looking at some regional areas where yields are 7%+ and properties are ~200k. Effectively, i could keep buying and not be capped…[Read more]
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propertyboy replied to the topic property syndicate in the forum General Property 3 years, 3 months ago
Interested pm sent
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propertyboy started the topic property syndicate in the forum General Property 3 years, 3 months ago
Hi guys, anyone here got a good syndicate I could participate in?
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propertyboy started the topic Receiver in the forum Help Needed! 3 years, 5 months ago
Anyone know how i can get in contact with receivers looking to offload distressed property quickly?
How do i find them? I have access to cash and can move quick for the right deal.
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propertyboy replied to the topic Buyers agent for development property in the forum Help Needed! 3 years, 6 months ago
Bayside area
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propertyboy started the topic Buyers agent for development property in the forum Help Needed! 3 years, 6 months ago
Hi guys,
i am looking for a buyers agent who can help me find an off market development site.
that is, i want to tell them my goal (buy a site and build 2/3 townhouses in a certain area) and have them find me appropriate sites at discount.
I am looking for someone who understands build costs, implications of each site and associated c…[Read more]
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propertyboy started the topic Investment property near proposed metro trains nsw in the forum Help Needed! 3 years, 6 months ago
im looking for an investment property in sydney.
either buy two properties around 850k -1m each or one 1.7-1.8m
been looking for properties near new metro stations hoping further capital growth once the stations are finalised in 2024 and servicing the areas. -eg punchbowl, bankstown, wiley park, lakemba etc or castle hill, cherrybrooks ,…[Read more]
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propertyboy started the topic Investment property near proposed metro trains nsw in the forum Help Needed! 3 years, 6 months ago
im looking for an investment property in sydney.
either buy two properties around 850k -1m each or one 1.7-1.8m
been looking for properties near new metro stations hoping more growth once they finalised in 2024 – eg punchbowl, bankstown, wiley park, lakemba etc or castle hill, cherrybrooks , north ryde etc for larger option.
thoughts…[Read more]
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propertyboy replied to the topic Cash buyer in the forum Help Needed! 3 years, 7 months ago
Yes they may have their mortgage in place but its always subject to valuation and lender discretion.
Just because a bank has given you an agreement in principle doesnt mean they can’t back out.
What is the risk if I buy a non habitable property at auction (with agreement in principle) that the lender may reject if say the kitchen is not…[Read more]
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propertyboy replied to the topic Sheriff sales in the forum Help Needed! 3 years, 7 months ago
So did you buy anything steve?
In other countries, cash buyers buy at big discounts as it knocks the retail market and is a bridge to a more liquid sale
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