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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of ShankShank
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    @shank
    Join Date: 2014
    Post Count: 11
    July 12, 2014 - 10:55 am

    Thanks Chris.

    I will not be leaving my current job, i will still be employed but taking leave without pay. And taking up the contract in Canberra.

    So i would be able to still rent etc.. ?

    Profile photo of ShankShank
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    @shank
    Join Date: 2014
    Post Count: 11
    July 12, 2014 - 10:06 am

    Thanks for the reply, PM sent

    Profile photo of ShankShank
    Participant
    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 6:17 am

    Can anyone recommend a financial advisor in Western Sydney or the city?

    What sort of cost would i be up for?

    Profile photo of ShankShank
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    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 6:08 am

    Thanks,

    To clarify, it wasn't one of the suburbs listed, but all were within i would say 10km of it, one just out of this zone.

    There is a lot of land in the area, and there a new homes being built.  If it were to be priced higher, it would be in competition with newer homes.

    Profile photo of ShankShank
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    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 6:01 am

    Thanks Jamie,

    Can you tell me a little more about the offset loan etc?

    Value dipping, i am not so sure.  The agent i spoke with didn't seem to think so, even though he was there to sell my house he insisted i keep onto it.

    He said for the price i paid, for this caliber of house, i would never get a deal like it again.

    The agent also seemed to think with just doing the carpets, bit of paint, and a bit of refreshing it should easily get around 575 – 590k, possibly more.

    Profile photo of ShankShank
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    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 6:00 am

    Thanks, that is informative.

    4 Areas surrounding the area it is in are in the smart investors top 50 suburbs of 2014.

    In the area, there is no other place that could be directly comparable to it (feature wise).  On the whole in the area there are maybe 4 – 5 other properties for rent only.

    My aim is to grow my portfolio, so would keeping it be a good move with this goal in mind?

    Cheers

    Profile photo of ShankShank
    Participant
    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 5:55 am

    So you guys would agree to hold on to it, but not for too long?

    So what sort of depreciation should i use, prime or diminishing ?

    I was not intending of letting go of it too soon.

    Profile photo of ShankShank
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    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 5:30 am

    Hi,

    It is sitting at 479K.

    Thanks

    Profile photo of ShankShank
    Participant
    @shank
    Join Date: 2014
    Post Count: 11
    April 8, 2014 - 5:16 am

    Thanks :)

    At the moment, since it is not much of a return.

    I would likely sit on it. 

    That is until i found a better use for it, definitely not spend!

Viewing 9 posts - 1 through 9 (of 9 total)