Forum Replies Created
Rainmaker, Hi, and welcome.
This is a great earner, so why don’t you try to bag it? Maybe even get a joint venture?
I’m sure you could get this deal by yourself, you have excellent equity, plus a great deal of cash.
Are you afraid of big deals? You have the means to be independant – go for it[
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thanks hilary,
my only sticking point is my ppor is just going
to site, so the equity available would be based
on land value which is 450k, valued by anz few months back, i have no problems with big deals
just the mindset of it being my first investment property and having that amount in one deal?
i will also have to find a different lender as
anz are restrictive on their lending in regional areas
are you finding many positive gearing opportunities?
thanks
Hi Kimmy,I’m in Broome too and am checking out places near Perth. I did as much on the ‘net and papers as I could and am now in Perth checking them out physically. From this, I can get a real feel for the towns and also have a chat to the locals as well.
It has paid off, as I have just found 2 very +ve geared property and the sellers have accepted my offers today[
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congratulations
do you mind me asking what areas of perth you found these, as north like karratha etc seems to be the only placeAs for Broome/Derby/Hedland… well, the numbers don’t stack up in Broome (my investment is just breaking even) even with the caravan park, the strata and council fees means that the 11 second rule won’t work. In Derby you’ll be hard pressed to be +ve geared (but its possible you could find a bargain) And Hedland has had a negative population growth by 11% and 16% for the last 2 years respectively. This is just what I’ve found so far in these areas.
Maybe we could catch up over a Boulevard coffee sometime?
Cheers,
Shell.
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