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  • Profile photo of charkchark
    Participant
    @chark
    Join Date: 2002
    Post Count: 7

    new about $350,000.00

    existing about 3 yrs old $310,000.00

    all with 4 beds dlug and ensuit
    chark

    Profile photo of charkchark
    Participant
    @chark
    Join Date: 2002
    Post Count: 7

    thanks all for advice.
    chark

    Profile photo of charkchark
    Participant
    @chark
    Join Date: 2002
    Post Count: 7

    thanks sushi03,

    I have done a rough calculation on IO loan, and plus tax refund (depreciation) I will be forking out about $35 a week of my pocket.

    I have read Rob Kiyosaki’s book about positive gearing , it seems to be impossible in Australia, I have also read Jan Somers book, which I found to be more achievable. Having said that, I saw couple properties up in Rockhampton or North Cairn, which satisfied 11 sec rule, but it is too far for me, I preferred to buy some where that I can drive to.

    Chark

    Profile photo of charkchark
    Participant
    @chark
    Join Date: 2002
    Post Count: 7

    thanks for the replied, I am thinking of springwood in Queensland. Rental return is not that great, say $160,000 for the townhouse and get $190 per week.

    any body know about the Salibury suburb, the town house goes for $190000, and rental return of 210 per week, will this give me a better grow than the Springwood?

    Reason I want to buy, is get some tax back, and it is affordable.

    Chark

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