All Topics / Help Needed! / beginner
Hi all…I need your help. Im very interested to start in property investing. My question is : is it possible to invest in sydney and get positive gearing investment? Or which state is the best to start with? Should I invest in the country area? Looking forward to your reply
Thank you.Jae.
jae
Hi Jae
Are you looking at commercial or residential? If residential, you’re more likely to find +ve geared investments in regional areas particularly mining towns. Have a look at http://www.realestate.com.au to get an idea of what’s around.1st why positive? Are you paying much in tax already?
You can buypositive anywhere, depending how much your intial deposit is.. All really depends on your particular situation.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auMost places have some positive geared property as does most of the mining towns, but if this is you first investment, you need to look at your financal situation and decide whether your love paying tax.
Getting into the market is the secret and doing so in an area that is growing is important. The removal of the vendor tax may help NSW, but WA and Qld have the biggest population growths and that is where the price is still right.
Remember also that new is usally better than old for depreciation purposes.
RegardsProperty Acquisitions for developers and investor from; Kevin
I agree with Kevin, look outside the square.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auG,day I am also just starting out the best advise i can give you is to speak to some profesionals in person you need to see an accountant they will be able to explain to you in more detail about the tax issue with positivly geard property, as for finding them in sydney itself your dreaming you will defenently need to look in more rural areas. To make a property + geared in sydney you would need alot of money to back you up alot of money.
r.wilson
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