Hi, I am about to start a Master Course and have been looking at places to live close to the university and thought that maybe I would be better off buying a small Unilodge loft and live there for the duration of the course (one year).
I could potentially buy it upfront (no loan) and then, after the course is done either keep it for the rent or try and sell it again.
Has anyone had any experience with that recently?
in the year 2000 these were going for about $150k. What are they selling for now?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
about the same. It’s good for yield not CG.
In that case you have to consider what would the opportunity cost be of tying you your deposit and borrowing capacity in an asset with no growth – what could you have done with the money instead?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Can you afford to buy a 2br(3br?) in glebe and rent out the other room(s)? when you finish your master you can keep it as an investment property and rent it out as an IP.
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