PropertyInvesting.com | dana_c_83 | Activity

dana_c_83 replied to the topic Commercial versus residential property in the forum Help Needed!

Fri, 25 Nov 2016 12:51:29 +0000

Thanks for your advice Corey, will do :)!

dana_c_83 started the topic Commercial versus residential property in the forum Help Needed!

Mon, 21 Nov 2016 04:39:06 +0000

Hi,
Over 6 months ago I rented what I believed to be a residential property from my real estate, which I absolutely love – it’s close to transport, very central, close to all amenities etc, and I’m very happy there. It was only when I contacted the council regarding a waste issue that I was informed that it was a commercial property (unbeknownst…[Read more]

dana_c_83 replied to the topic Investment in Newcastle in the forum Help Needed!

Tue, 22 Mar 2016 21:56:37 +0000

Thanks Alistair, I appreciate your advice.
Dana

dana_c_83 replied to the topic Investment in Newcastle in the forum Help Needed!

Mon, 21 Mar 2016 07:28:39 +0000

Thanks Alistair, I too had the same plan of buying our next property in Sydney. However prices are out of my reach now, and given the unstable economy I’m somewhat nervous of having a bit mortgage when jobs aren’t the most secure. I see Newcastle as an attractive way to be able to buy land and I also much prefer where Newcastle is in the property…[Read more]

dana_c_83 replied to the topic Investment in Newcastle in the forum Help Needed!

Fri, 18 Mar 2016 10:28:36 +0000

Hi Alistair,
That’s the thing, we’re no longer entirely sure. My family is in Sydney and so is my job, however my partner has family in Newcastle, an investment property there, and he’s a coal miner so they are both viable options. If I could choose I would like a unit in Sydney in the inner west (Ashfield, Croydon area), and a house in Newcastle…[Read more]

dana_c_83 started the topic What do you look for in an investment property? in the forum Help Needed!

Wed, 16 Mar 2016 11:53:31 +0000

As someone interested in getting started with an IP, I was interested to hear what you find the most important factors are when looking for a place to purchase
– what if the suburb is quite popular/expensive but easily rentable with high rental yield?
– or would you look at a nearby up-and-comer where purchase price is less but so is rent
– are…[Read more]

dana_c_83 replied to the topic Investment in Newcastle in the forum Help Needed!

Wed, 16 Mar 2016 09:32:11 +0000

And would you recommend they be negatively or positively geared?

dana_c_83 replied to the topic Investment in Newcastle in the forum Help Needed!

Wed, 16 Mar 2016 09:09:17 +0000

Hi TheNewGuy,
The $80k is in addition to the $200k. It is the last portion of the loan on the unit that is ready to be paid off, however we’ve kept it in offset in case we choose to buy another. The unit is worth approx $250k.
The $200k in savings is just sitting in an account doing squat. I’ve stopped adding to it and started buying shares in a…[Read more]

dana_c_83 replied to the topic Investment in Newcastle in the forum Help Needed!

Sun, 13 Mar 2016 02:57:58 +0000

Thanks for the words of encouragement Corey, we feel quite good about our situation however it is easy to lose perspective and become demoralized in the Sydney market. I’ll definitely look into what you suggest.

dana_c_83 started the topic Investment in Newcastle in the forum Help Needed!

Sat, 12 Mar 2016 00:16:51 +0000

My partner and I are looking to purchase an investment property but are not yet sure of the how’s, where’s etc. To give you some background we were originally looking to purchase in Sydney to live in the property. As such I have amassed a $200k deposit and he has a 2 bedroom unit in Newcastle that he has paid off (technically last $80k in offset…[Read more]

dana_c_83 replied to the topic Property investment or PPOR in the forum Help Needed!

Thu, 31 Dec 2015 13:22:09 +0000

His Aunty is 50 years of age so hopefully that won’t be a consideration for us or her for quite some time! We are currently in the process of renting the Newcastle property out (after we have our holidays there in Jan). The unit is essentially paid of with the money sitting in the offset account to pay it out in full. We were thinking of taking…[Read more]

dana_c_83 replied to the topic Property investment or PPOR in the forum Help Needed!

Tue, 29 Dec 2015 11:16:33 +0000

Thanks for the great points guys. Certainly a lot to mull over, and as you said there is no rush so I will engage a financial advisor who has a specialist interest in real estate and go from there. Thanks again!

dana_c_83 replied to the topic Property investment or PPOR in the forum Help Needed!

Mon, 28 Dec 2015 21:41:01 +0000

Hi Benny,
Thank you for the words of encouragement, as we were starting to feel quite demoralized with the Sydney housing market, so it’s good to hear we have some options! You’re right about the advice, we do need to find a financial planner and I’ll research one that has an interest in property and make an appointment.

dana_c_83 started the topic Property investment or PPOR in the forum Help Needed!

Mon, 28 Dec 2015 07:07:32 +0000

To whom it may concern,
Over ten years ago I met my partner and we moved into a rental apartment in Homebush, Sydney owned by his Aunty and have stayed there since as the rent is reasonable at $250/wk and is secure long-term. Five years ago he took a job in the mines in Newcastle and purchased a unit to live while away for $230,000. He has since…[Read more]

dana_c_83 became a registered member

Mon, 28 Dec 2015 06:51:30 +0000