Hi Guys
I live in WA and are def priced out of the current market and looking to invest in other states.
I have my eyes on Sydney CBD because I believe it is under priced for an international capital city.
I really dont know what to look for because all I seem to be able to afford is a 1 bedroom unit in a high rise.
Is it a good idea buying a 1 bedroom and a high rise building for rental reasons???
I dont know I guess I have always looked for traditional family homes 4by2 and a little scared to invest in something like this..
??????????????????????????????
Originally posted by queengucci:Hi Guys
I live in WA and are def priced out of the current market and looking to invest in other states.
I have my eyes on Sydney CBD because I believe it is under priced for an international capital city.
I really dont know what to look for because all I seem to be able to afford is a 1 bedroom unit in a high rise.
Is it a good idea buying a 1 bedroom and a high rise building for rental reasons???
I dont know I guess I have always looked for traditional family homes 4by2 and a little scared to invest in something like this..
??????????????????????????????
If you think it’s underpriced and will achieve better CG than investing elsewhere, if you have a good pool of tenants to choose from, if you are getting a good yield and other benefits etc..in other words if it fits what you want to ahcieve and you’ve done your Due Diligence….why not?
If it was me I’d probably look a bit further out than right in the CBD, but again, thats just me…
let us know how you go.
PS- How big are the Units/Apartments?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsHi
Thanks for your response!
Sydney is cheap in comparison to other capital cities.They are 45sqm studios in the World Tower…?????
approx $400 rent..
How much has your Broker/Bank said you can loan on these properties under 50sqm?
Some Sydney Investors on this Forum may be able to give you more “local knowledge”re the area etc
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsHi Redwing
Im not sure, I wasnt aware that borrowing was limited on a smaller property???
I have a fairly large deposit that should cover me!
Yes, was hoping some east siders would respond??? are any of you out there [strum] help me lol
What state do you live in Redwing? Are you going to the aspire weekend???
TerryW or Simon will be able to give some great advice regarding Loans..
As for Sydneysiders there must be some out there ?
And as for me..I’m in Ellenbrook WA and No not going to the Aspire weekend; wouldbe nice but dont have the time at the moment
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators
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