Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of jae huntjae hunt
    Member
    @jae-hunt
    Join Date: 2005
    Post Count: 4

    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

    Profile photo of oshenoshen
    Member
    @oshen
    Join Date: 2005
    Post Count: 112

    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.

    Profile photo of GPSnetworkGPSnetwork
    Member
    @gpsnetwork
    Join Date: 2005
    Post Count: 313

    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.au

    Profile photo of elyseanelysean
    Member
    @elysean
    Join Date: 2005
    Post Count: 13

    Most 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.
    Regards

    Property Acquisitions for developers and investor from; Kevin

    Profile photo of GPSnetworkGPSnetwork
    Member
    @gpsnetwork
    Join Date: 2005
    Post Count: 313

    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.au

    Profile photo of young investoryoung investor
    Member
    @young-investor
    Join Date: 2005
    Post Count: 6

    G,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

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

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