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Viewing 6 posts - 1 through 6 (of 6 total)

Saz
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@saz
Join Date: 2013
Post Count: 8
September 3, 2013 - 8:40 am
On the Gold Coast. Thanks Jamie
Saz
Member
@saz
Join Date: 2013
Post Count: 8
September 2, 2013 - 8:59 pm
Thanks everyone. I think this investment is going to be a bread and butter one. Slowish annual growth but very easy to rent being a block from the beach and very low maintenance. I just have to get over that feeling that I am 'throwing away" the money and take the plunge. It would have been valued about $35k higher a couple of years ago than my total loan will end up being. I do believe it can get there again. WIll just depend on how the GC property market performs.
Saz
Member
@saz
Join Date: 2013
Post Count: 8
September 2, 2013 - 8:48 pm
A decent accountant is now on my TO DO LIST thanks guys. My current one has not been very helpful with the property questions.
Saz
Member
@saz
Join Date: 2013
Post Count: 8
September 2, 2013 - 9:52 am
oops. Yes you are right. I was referring to PPOR. Trying to fit in and got it all wrong Thanks for your advice Rick
Saz
Member
@saz
Join Date: 2013
Post Count: 8
September 2, 2013 - 8:05 am
I wouldn't render. Not worth the money and hassle. I have worked in interior design and think weatherboards are a far nicer look. Freshen up with paint and save yourself some cash$$
Saz
Member
@saz
Join Date: 2013
Post Count: 8
September 2, 2013 - 7:58 am
HI HLE. Yes she did get 2 valuations. I was using a valuation I had a year ago and it came in $25k lower now. Maybe they are being more cautious? Nevertheless it is what it is.
The rent will still cover the repayments and insurance for property. We will have to outlay the rates.