HI everyone again ~~ I took the day off and drove down the Liverpool for the 1st time in my life ~ sounds exciting ~~ I follow my GPS and arrived in the area with no traffic, drove pass Westfield, it looks huge ~ Parked the car infront of the vacant land, and suprisingly, there is a project going up right next to it, which only contains 38 units…[Read more]

thank you everyone for the feedback!! Firstly, I just realized there is a lot of writing misktakes in my 1st post Secondly, I need to explain a bit regarding why I want to purchase a OTP property. The reason being I have invested in a OTP property last year, and it is getting completed within the next 6 months, base on the 2nd sales record so…[Read more]

if you have to go with houses… I can suggest Auburn, easy shopping, transport everything. But 400k can only get you townhouses, which still good~In the west, you could only try places like Liverpool, Blacktown, But if you buy units, there are lots of good choices in good suburbs. Such as Parramatta.

I didn't read all the above, too many words…. So you have a high income, paying highest rate of tax, You also have good equity in your PPOR, 80% of 470k is what lender normally let you use = 376k And you are only 40 only. Just invest in brand new apartment, in prime suburb (not city area, because lender consider them as high risk), get all your…[Read more]

HI, i think you got a bit confuse with buying off-plan or i understand you wrong there. When you buy off-plan project, generally, you pay 10% deposit upfront, yes, you can get a small loan for that if you don't have the money, but you can't borrow against the property you are buying, because it is not build yet. To secure the property, you have to…[Read more]

I am no expert, but as far as i knowYou applied the DA basis on the fact you own the place, If you don't own the place, the DA belongs to whoever that owns it. Because council appvoed it for that location, and that purpose. You only asking the council for a permission, which anyone who owns the place or intend to rent/buy the place can do so.…[Read more]

I think,,, You are cashflow rich, but deposit poor. If you spoke to a lender or mortgage borker first, find out how much you can actually borrow, then you have an idea of what price range of properties you should be looking for. I see you mentioned the house are pricy over there, but properties are not just houses. Remember you are looking to make…[Read more]

1. I am hoping that since I am getting an off-the-plan, I might be able to save more money later but would the lender take that into consideration?- Yes, because basic on your information, you will be saving for the next 12 months before settlement, and lender do look at how you spend your money on a monthly basis, by looking at your bank…[Read more]

I can't say thank you enough for everyone who took time and gave me their honest feedback!!!! S: Ok, the property is actually located in Port Douglas, to be more specific, 4 minute walk from 4 mile beach~  please do common on the local economic, as the more I research, the more I feel this is a emoitional puchase~I do understand for holiday…[Read more]

BTW … has anyone invested in holiday let unit before? and what is the capital growth like?

hi Digger, thank you for your detail reply too~ Since there might be other buyer buyin in that project, i will wait and see what the valuation will be fore the first lucky buyer~ the $420k one does seem high when the medium price for unit in the area is $300k only, but because it got direct access to the pool which right from your balcony, they…[Read more]

Hi richard, thank you so much for ur detailed reply~ yes, i have the chance of visiting the property and love the warm weather up there compare to 40 degrees in Sydney!1. Yes I was told the valuation will come under due to the reason u pointed out, furiture package included. At this point,  the developer suggest because it is selling at a d…[Read more]