PropertyInvesting.com | avalonesa | Activity https://www.propertyinvesting.com/members/avalonesa/activity/ Activity feed for avalonesa. Fri, 17 Apr 2026 11:54:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 94d27954decea7d4bba3407640ddf4cb avalonesa replied to the topic Just bought 1st apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4409008-just-bought-1st-apartment/#post-4688627 Thu, 21 Mar 2013 09:11:35 +0000 Ok, I guess we'll just focus on paying down the loan a bit more for the time being and maybe prices will come down and we can jump in again :)

My second question would be, which areas of Aus can I find a + cashflow IP ?

I've heard the UK market is starting to recover, should we be looking overseas instead?

]]> 9026476689c6a9e16072caa3bf4a28da avalonesa replied to the topic Just bought 1st apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4409008-just-bought-1st-apartment/#post-4688624 Thu, 21 Mar 2013 08:12:18 +0000 current lender is bankwest.

property cost $290k and we put down a $40k deposit

]]> ced752b7879c1097fed5758b76bdf65e avalonesa replied to the topic Just bought 1st apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4409008-just-bought-1st-apartment/#post-4688621 Wed, 20 Mar 2013 23:43:11 +0000 Thanks for the help Jamie.

So loans 1 and 2 are from the same bank right? Or can loan 2 be from a different bank? Must they send a property value assessor to the residence first to obtain the current value?

"Second loan split for the equity release" ? I don't know what that means?

When you say, "deductible", you mean tax-deductible right?

So…[Read more]

]]> a16fa2af15c330351ab7c977e2d5d868 avalonesa replied to the topic Just bought 1st apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4409008-just-bought-1st-apartment/#post-4688620 Wed, 20 Mar 2013 23:39:39 +0000 Current loan amount is about $250k and apartment is valued at $290k (also purchase price)
Purchased it last month.

Just want a guide as to how to go about getting the next investment property started. Our income is going up to $200k/year at the end of this year.

]]> cb7071d85a386f1544885a584dcd3523 avalonesa replied to the topic Just bought first property in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4408573-just-bought-first-property-in-melbourne/page/2/#post-4685185 Mon, 28 Jan 2013 11:42:45 +0000 So where would you say is a good place to invest in Melbourne? The outer suburbs?

I still think anywhere in the west is a good buy, no?

Also, although these companies may move out from the CBD, the cbd will always be there and being close to it will surely always be better than being further away no?

]]> 2e1fa5ffb1f61608f46e996b3e1fc090 avalonesa replied to the topic Just bought first property in Melbourne in the forum is LMI an annual thing or https://www.propertyinvesting.com/topic/4408573-just-bought-first-property-in-melbourne/#post-4685182 Sun, 27 Jan 2013 13:05:40 +0000 is LMI an annual thing or just a once off payment?

the annual body corporate is like $700 and rates are like $300 I think.

For some reason I just can't see this property growing another 2 times in value over the next decade but who knows what could happen.

I heard Melbourne's population is set to outgrow Sydney's and reach 6 million by 2037. I…[Read more]

]]> 2625599b4f59b76adcbd95fdbac51a74 avalonesa replied to the topic Just bought first property in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4408573-just-bought-first-property-in-melbourne/#post-4685181 Sun, 27 Jan 2013 12:56:43 +0000 IT has been painted and new stove and aircon/heater installed. It also has a separate toilet to the bathroom.

Yes it can be improved, the spacious lounge could be turned into a 3rd bedroom with the addition of a wall making a hall way entrance with kitchen on left and bedroom on right. Kitchen could become living room to eat meals in as its quite…[Read more]

]]> ee6457ce49f88ce91e87d706f9de834c avalonesa replied to the topic Just bought first property in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4408573-just-bought-first-property-in-melbourne/#post-4685179 Sun, 27 Jan 2013 12:36:29 +0000 Sorry but where did you get the $10k per year figure?

if it was tenanted at $270 a week, thats 52 x 270 = $14,040 a year
repayments = $18k a year

So isn't that  negatively geared by approximately $4k for the year?

I really do think it will grow at least $4k a year, considering that the same distance from the cbd on the east and north side of…[Read more]

]]> e3549742a3fd1874f05f5c3a51102db5 avalonesa replied to the topic Just bought first property in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4408573-just-bought-first-property-in-melbourne/#post-4685167 Sun, 27 Jan 2013 08:14:19 +0000 @TheFinanceShop

Thanks for the response.

When you say heavily negatively geared, you mean the rental payments do not cover the mortgage right?

It will be owner occupied for the first year (it has to be since we took the first homebuyers grant) but then we may rent it out and move out. There is the opportunity to convert it into a 3 bedroom…[Read more]

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