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  • Profile photo of reasearchgeekreasearchgeek
    Participant
    @rishi
    Join Date: 2014
    Post Count: 4
    November 13, 2014 - 11:17 am

    Catalyst, you are right I was told by real estate agents that rents were high a year ago but I think whatever they say is always not true. I’m not inclined towards negative cash flow properties because I don’t want to pay from my pocket and If i have extra cash I would rather invest in renovating and adding more value to property instead of adding my cash to mortgage instalments.

    If not western Sydney, where would you suggest to look?

    Profile photo of reasearchgeekreasearchgeek
    Participant
    @rishi
    Join Date: 2014
    Post Count: 4
    November 13, 2014 - 11:08 am

    Thanks Jamie, really appreciate your help. I’m considering buying my first property just on my name for mainly these 2 reasons

    1. My wife’s income is too low so it will help me getting tax deduction

    2. Saving on land tax because it will be my first property.

    I’m thinking of keeping loan application on just my name for first property.

    What do you suggest?

    Thanks in advance.

    Profile photo of reasearchgeekreasearchgeek
    Participant
    @rishi
    Join Date: 2014
    Post Count: 4
    November 12, 2014 - 10:55 am

    Hi Jamie,

    Thanks for quick response. I’m also thinking the same that prices are now gone quite up, few suburbs in that area has shown growth of 30% in a year. I’m starting to build my IP, where would you suggest to look?

    Really appreciate your help:)

    Thanks

    Rishi

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