- birddog01 wrote:Anyone know any good share market forums?
Thanks Simon,
Whilst I realize we get FHOG for an Investment property, Stamp duty exception is worth approx 14 k for us. Given this and FHOG is worth 21k It makes sense to use this assistance with a Sydney HL as it is going to be a higher debt. We are wondering if we should buy a home in Sydney if this is a "true buyers Market" now or wait while we build up more income? Do you think they will increase FHOG?
ThanksI think you will regret it if you wait to buy as prices are on the way up.
crashy wrote:I think you will regret it if you wait to buy as prices are on the way up.Which area/ state are you referring to? Prices are down in our area (Western Syd), and have been for six months or so. In talking with local agents there seems to be no rise on the horizon, especially if there is another rate rise.
Thanks for your input.
ChrisIm not in Sydney so Im only going on online gut feel……Sydney as a whole I think is the most undervalued city. There is obviously a tipping point* as you head west and I expect that point to move west as the eastern parts move up in price. geez I hope that made sense. where exactly that point is I dont know. But I think if you buy in the most easterly suburb you can afford you will do OK
* = moving from suburbs with rising prices to suburbs with falling prices
crashy wrote:Im not in Sydney so Im only going on online gut feel……Sydney as a whole I think is the most undervalued city. There is obviously a tipping point* as you head west and I expect that point to move west as the eastern parts move up in price. geez I hope that made sense. where exactly that point is I dont know. But I think if you buy in the most easterly suburb you can afford you will do OK* = moving from suburbs with rising prices to suburbs with falling prices
Thanks Crashy,
Very interesting.
I gather you are talking about PPOR .
Is there anyone else out there from Sydney?
The basic question is this…
Is it worth being mortgaged to the hilt and putting off buying IP in Sydney given the current real estate market or is it better to buy investment properties +geared at the sacrifice of the stamp duty concession for FH buyers?Thanks
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