Forum Replies Created
I want to thank everyone for their feedback…it is food for thought. I am in a position, ready to buy and have been doing my research for some time now in different areas and regions.
One thing I have learned along this windy path is that I absolutely loathe real estate agents. They’re must think that we as purchasers, are fools.
Thank you Scott..
Hi Jay,
Have given up on the idea.
Thank you everyone for the great advice and feedback – well noted and appreciated.
Thanks Johann. Property may be overvalued by the real estate market but not by the banks! Apparently their valuations are conservative in today’s market.
Thank you Briceman. As it happens I grew up and went to school in Blacktown so I do have a good idea on what I was talking about.
On the other hand, you are right with high demand and high yields. I am always interested in information when it comes to investing so i’d be most happy to hear from you.
Regards
Thank you Jamie!
You say for the “first” year..no one has a crystal ball but I am also aware that I should be looking at loans that are appropriate for long term benefits/suitability. When banks such as ANZ give a promo for the first year, does it mean that something’s around the corner that we should be wary of??
Thank you Taylor for the advice.
I already have one investment property and yes, am keen for another…was not sure if $100K would be sufficient. I am investigating into what areas to invest in…I must say, I am not particularly keen on the western suburbs of Sydney due to the violence and shootings I am seeing on the news that happen almost weekly out there. Correct me if I’m wrong. I live in the Northern Beaches but to buy something here…well, $100K again, may not be enough but am currently investigating the market.
Am also considering Brisbane or Melbourne but have to further investigate between the two. I went to Gladstone to do my research on the boom up there but nothing is selling, everyone is holding on to their properties due to the high rental yields…also ahve heard that there alos some risks when investing in mining towns.
As far as ATMs are concerned, I’m curious – are they a “safe” investment if one did have some side cash? Am aware of the lack of capital growth.
Thank you for your reply. Great to know that at the end of it all – I only go with one mortgage broker.
Ok..I am really appreciating the solid advice- many thanks once again.
If there is any other feeback that could be of use then I’d be most grateful.Cheers,
QM
P.S: DCWWOOD,
How do you like living in Warriewood? Are you in the new development? Many yers ago, it was beautiful pastures… How does Warriewood compare to Mona Vale, Newport and Avalon?
Dear DCWWOOD,
Thank you for the information – it is a great help! Would you have any good pest/building inspectors you could recommend?
I agree about Dee Why but I also have these thoughts afetr travelling on the L90 Bu everyday and witnessing the following:
It is Unit City – units EVERYWHERE -thus making competition higher for renting
I hope not to offend anyone but there are a lot of unsavoury characters in Dee Why. Often they are on the bus going to/getting off Dee Why, on drugs(one was high as a kite the other day on the bus and it was lunch time…) or unemployed or looking pretty “rough” Why is it just in Dee WHY yet heading north or south from there you don’t see it?Thank you again for the info and I hope to hear from you again.
Could anyone also please recommend reputable Tradesmen (and cheap!) for pest, builing and Geo Tech reports for the area of Newport NSW. I have also been referred to a Mortgage Broker but am open to any other referrals as I’m needing to organise a pre-approval asap. I am very much aware of choosing a mortgage broker that does not earn commission from one particular institution etc.Many thanks!
Also saw a report on the news a few weeks ago that MilitaryRd going from the Spit to Sydney is the worst road in NSW for traffic congestion. This is the way “out” by road for residents living at Manly, Harbord, Freshwater etc. I thought at least from Narrabeen and heading north to Newport, you have 3 options of roads – Wakehurst Pkwy, Mona Vale Rd or Pittwater Rd. Though further north, the travel distance probably doesn’t take much longer and you have options if one road is blocked/congested. Any thoughts there?
Thank you for your comments – they are a great help. I feel that Newport may be a better investment than Avalon as it is before the Bolgola “Bends” another 15 minutes of congested traffic! Would you agree? I also know that Avalon/Clareville is ridden with ticks.
Asuide from this, if houses are in the $900k price range, is there more gain to be made over the years? Will modest homes in these areas go over the million mark??Thank you PPI. CAn you explain more about Stage 1and 2 of the LNG if you have time…thanks again!
Hi,
Looking at the Gladstone area including Agnes Waters for investment or if all works out, eventually to live. Either way, heard it’s booming but still cheap to buy. Located south enough to avoid the stingers but north enough to have a surfing beach plus a ferry run to the reef. Mining is the industry that’s booming out there …is this all true? Am planning to take a visit there in the next month. Hoping the area isn’t being over-marketed like another “Hervey Bay” -nearly fell for that one! Any feedback would be most appreciated.
Hi,
I am very confused and curious about a tiny area called “Tanglewood” in northern NSW near Cabarita. There are these “chalets” dotted along a large area of stunning bushland and native flora and fauna…for the alternative minded person it is stunning but is it a bad choice of purchasing for resale or investmentt??? The property is suitable for a single person like myself??? The residence is strata titled not -MO or Community. The area is 2.5km too close to Cabarita Beach which is booming and in between Byron Bay and the Gold Coast. I’d be grateful for any help here please!! (or any other sound advice of where to buy in the area)..Thank you.
Thank you Tony.
Thank you!
