interesting topic

I’d also be curious if anyone else on the forum could provide some insight on what the output figures means.

A negative figure for the percentage certainly indicates that the annual cashflow is in negative, but I’d be interested to understand if it quantified anything else, particularly in relation to the original purchase/closing costs.

Many thanks,
Ajay

Many thanks,
Ajay

I was wondering if the process for submitting tax returns associated with property investing identical across all 6 states and 2 territories in Australia.

For example, is the process of submitting all of income/rental statements, mortgage statements, and expenses to your accountant at end of financial year essentially the game across all…[Read more]

I am just pulling together some data/info on how many property investors there are in Australia, and where they are from etc.

I’ve tried the ABS but they don’t have this data. Can anyone recommend a good source where I might be able to get this data?

Cheers,
Ajay

Can someone recommend a resource and provide a rough indication of the cost to access this data?

Kind regards,
Ajay

Interest rate is around 5.2% so as you can see very high.

I don’t know why I need to refinance the other 2 but possible it is due to the fact I always borrow 105% of property value (I don’t put money down), so they are taking equity from other properties to fund 2 separate loans (one for the property, other for stamp duty and closing…[Read more]

I just settled on my 5th investment property a week ago, and I would like to purchase another one in an area I think has growth potential.

I have borrowed quite a bit and have good equity, however with the recent ‘crack down’ by the government on making the market better for owner-occupiers, there have been additional regulations placed…[Read more]

Cheers,
Ajay

Cheers

It ended up going pretty good – I visited around 5-6 properties in the Upper Coomera and Coomera areas. 1 of the townhouses in Upper Coomera looked great.
I’m hoping to make a trip up there again shortly to determine next steps.

I didn’t end up looking at the Mermaid Waters – can’t remember the reason but I’m sure there was one. I am…[Read more]

I have been in the Commera and Upper Coomera areas over the weekend and had a good look at the area.

The real estate agent drove me around and there are a number of schools and a lot of shopping and infrastructure in the area, in addition to the upcoming Westfield.

The fact that Brisbane is 40 minutes away means those who enjoy the…[Read more]

By the way, I’d recommend Coomera and Upper Coomera as excellent investments. I am in the Gold Coast now after spending a few days up here to check out 4 townhouse.

I think the area has long term growth potential.

Cheers,
Ajay

I have some immediate property investing needs (to buy something by year end) plus lay the foundation for additional future purposes.

Thanks,
Ajay

My personal view is that there is room for solid growth in Gold Coast town houses and houses (but not necessarily units).

Here are some examples I am seeing on realestate:

* https://www.realestate.com.au/property-townhouse-qld-pacific+pines-126938830 ($353k, getting $375 p/w)
*…[Read more]

Articles such as these seem to contradict this. Am I missing…[Read more]

I am visiting Gold Coast briefly in a week or two to look at properties.

I’m considering the gold coast area and maybe albury for the next investment opportunity.

Anyone who has thoughts on the area around gold coast would be great – I am considering either a house or townhouse but not an apartment.

Regards,
Ajay

I know your post goes back a while, but I would go for option 2 or 3. I think central coast is a great place to invest and I just bought a property there in lake munmorah and intend to hold it long term. I believe there is a fair bit of infrastructure going in the area, and its right between Sydney and Newcastle. Jobs are also…[Read more]

I have been hearing mixed messages regarding this but I am considering investing in the gold coast area, either a house or townhouse. Some people have said there’s an oversupply of stock, particularly apartments, but when I look in areas such as merrimac and carrara, I am seeing very low vacancy rates and good rents. Gold coast is also…[Read more]

I am considering investing in a property in Lake Munmorah – a small free standing house.

I was wondering if anyone familiar with the Central Coast market could provide some advice on this, including future growth drivers and any other info, pros and cons?

Kind regards,
Ajay

I’ll be sure to keep my eye on the market and will keep all of these points in mind.

Kind regards,
Ajay

I’ve recent heard a lot of talk about the government introducing schemes to prevent/limit the influence of Asian buyers on the Australian property prices. Can someone shine some light on the restrictions and what it means from a short/med/long term perspective, as I’ve been hearing a lot of conflicting commentary on this?

Many thanks,
Ajay

I’m starting to look at some areas now – areas I am considering are Central Coast (NSW), Leppington (NSW), Logan (Qld), and Albury (NSW/VIC).

Aiming to secure something by end of the year.

Cheers,
Ajay

Are there any particular tips or strategies any of you…[Read more]

I’d steer clear of the property – the risk seems too high.

Consider this – the next buyer of the property (when you sell) is likely to notice the same reference to ‘termites’ in the inspection report. While it may not actually be a major issue, the potential impression itself is a risk. This highlights the importance of a building…[Read more]

If your folks are after cash now, it’s fine to sell – the market is still hot.

I believe your investment in Botany still has good long term potential – near the airport, near the city, detached house, limited land.

In summary, if they’d like some cash now, I would sell. Otherwise, just hold on to it – I reckon you can’t go wrong…[Read more]

If your folks are after cash now, it’s fine to sell – the market is still hot.

I believe your investment in Botany still has good long term potential – near the airport, near the city, detached house, limited land.

In summary, if they’d like some cash now, I would sell. Otherwise, just hold on to it – I reckon you can’t go wrong…[Read more]

If your folks are after cash now, it’s fine to sell – the market is still hot.

I believe your investment in Botany still has good long term potential – near the airport, near the city detached house, limited land.

In summary, if they’d like some cash now, I would sell. Otherwise, just hold on to it – I reckon you can’t go wrong…[Read more]

I am looking for positive cashflow areas with capital growth potential – I’ve traditionally invested in properties in NSW (where I live), however I am open to looking in other areas. I’d be most comfortable with East Coast states – i.e. Qld, Vic, but open to other areas if the numbers stack up.

Assume 5% bank interest rate for the…[Read more]

A few questions below:
* How many properties do I think I could purchase with $300k assume a standard deposit rate (I think you mentioned 30% deposit is standard)? I realise it depends on the price of each property but what are some low/average prices for good cashflow positive properties in the US?
* When…[Read more]

I know this topic has been discussed in the past.

But I made a trip to New Jersey / New York recently and noticed there are a number of positive cashflow properties there.

I am considering potentially working over there next year.. and wanted to understand how to go about purchasing properties there.

If I get a working Visa in the USA…[Read more]

I would suggest Logan City – suburbs like Eagleby, Beenleigh.

These suburbs are in the middle of Brisbane and Gold Coast city – offering prices in the range from $200k-$250k. You could get rent around $250-$300 p/w if you do your research.

I am in NSW but I believe Logan is underpriced and has capital growth potential, and good rental…[Read more]

I am looking for a good granny flat builder for my first granny flat project – I’m organizing it for someone.

It’ll be built for a house in Sydney in the North-West area.. can someone recommend a good builder that is affordable and has a reputation for high quality, service, and professionalism?

Looking to gather some quotes at this…[Read more]

I think Western Sydney would be a good investment with future potential, given that many families are moving away from areas closer to Sydney due to the expensive prices. I also think that areas in Western Sydney (such as Blacktown) have good potential due to the infrastructure investment occurring in those areas – Western Sydney is…[Read more]