All Topics / Help Needed! / Investing in Killara (Sydney)

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  • Profile photo of meniamenia
    Member
    @menia
    Join Date: 2011
    Post Count: 11
    November 18, 2011 - 4:41 am

    Hi All,

    I'm thinking of buying an investement property in Killara (Sydney's north shore). What are you thoughts about the area and potential returns?

    Thanks
    M

    Profile photo of CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404
    November 18, 2011 - 7:32 am

    Unit? House?

    CG returns? rental returns?

    I know someone that just bought a unit there $1M – rents for $600pw. good for tax deductions I guess.

    That's going to need some SERIOUS capital growth to make up for the loss every year.

     Not my cup of tea though. I like to make money.

    Profile photo of meniamenia
    Member
    @menia
    Join Date: 2011
    Post Count: 11
    November 18, 2011 - 8:43 am

    I’m looking at a two bedroom unit, which is new, price $725k. Rental around $690/week.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    November 18, 2011 - 8:54 am

    Good area , not sure about vacancy rates – returns will vary so research what is being leased at present & how that compares.

    Is it east-side, close to the station or Killara high etc?

Viewing 4 posts - 1 through 4 (of 4 total)

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