Forum Replies Created
- ToWhomItMayInterest wrote:Tremelo,
Q1 Try this link, click on snapshots
http://www.homepriceguide.com.au/I tried this site and it only really gives you the same information as the other sites. I can get the same information for free from other sites. Does anyone have anything with more detailed acurate information? Particularly long term growth trends.
Cheers
Cheers,
1. Thanks for the link I'll give them a go.
2. And I have been trying that approach with realty groups with varied sucess. Most of them figure out that you are trying to buy in the area and then try to fudge the answers a little to either promote themselves or the area. Surely this information is available on a database somewhere.
Thanks
Terryw wrote:Also consider, if you keep rolling the loan over to IO again that it may not matter too much if you ever pay the loan out. eg. imagine if you purchased a house in Sydney in 1960 and used a IO loan. The place may have been around $20,000 and if you still have a loan of $20,000 today it would be insignificant – you could probably pay it off with one years' rent.That would be nice 20,000 for a Sydney property.
What if you intend only to rent and not have a PPOR type loan. Wouldn't that just free up more money for investing?
Tremelo wrote:VERY INFORMATIVE ANSWERS HERE THANK YOU. WHAT HAPPENS TO THE PRINCIPLE IF YOU'RE ONLY PAYING INTEREST? AND HOW CAN YOU DRAW DOWN ON EQUITY IF YOU HAVN'T PAYED ANY PRINCIPLE. OR ARE YOU ONLY RELYING ON GROWTH TO DRAW DOWN FROM?
Ok this should read,
Very informative answers here thank you. What happens to the principle if you are only paying interest? And how can you draw down on equity if havn't payed any principle. Or are you only relying on growth only to draw down equity from?
Cheers,
N
VERY INFORMATIVE ANSWERS HERE THANK YOU. WHAT HAPPENS TO THE PRINCIPLE IF YOU'RE ONLY PAYING INTEREST? AND HOW CAN YOU DRAW DOWN ON EQUITY IF YOU HAVN'T PAYED ANY PRINCIPLE. OR ARE YOU ONLY RELYING ON GROWTH TO DRAW DOWN FROM?
Thanks for all your info, I was only expecting a reply or two but 7 in one day is pretty impressive.
I have done some further research and pasted a link below.
http://www.hotspotting.com.au/index.php?act=viewArticle&productId=11
I will be giving the hotel pool a big miss after reading all of this. However there is the option to buy the apartment and lease it out myself as a resedential IP. The prices don't seem too inflated as the building is virtually brand new and the body corp fees are reasonably low also.
The only thing is that there may be an oversupply of these style of apartments which might lead to high vacancy rates. There has been a hold put on 3 more residential towers being built in the Brisbane CBD which also indicates oversupply. Can anyone else clarify this?
Cheers,
N
