Total Members: 158,198

dcwwood

  • dcwwood replied to the topic Invest in current property or buy another. in the forum Help Needed! 11 years, 10 months ago

    Hey QM,

    I would go back to renting on the Northern Beaches (its heaven!) and re-rent out your Central Coast Property – plus I’m sure the commute it a killer from the Coast?. You could then invest your 150K in higher growth areas i.e North QLD and the Hunter Region of NSW.

    I live in Warriewood but had IP’s in Townsville and Newcastle.

    DC

  • dcwwood replied to the topic Gladstone in the forum Help Needed! 12 years, 5 months ago

    Hi DG,

    Have a read through this post (it goes on and one but is very good) – it has some great advice on the Surat Basin towns – my preference is Mackay and Townsville over Gladstone but its a town with huge growth due to the CSG projects.

    https://www.propertyinvesting.com/forums/property-investing/help-needed/4337447?highlight=gladstone

  • Hi Mick,

    Derek has made some very good points, look at the wider picture rather than just say ‘we won’t a IP’.

    If you come full circle, I’d suggest investing in QLD – I live in Sydney but love investing in QLD – my two favourite right now are Mackay and Townsville. Both these areas are continue to grow (rather than a flat outlook for Melb), they…[Read more]

  • dcwwood replied to the topic $100K and not sure where to invest? in the forum Help Needed! 12 years, 5 months ago

    Hi Chazz,
    You can borrow a lot more to invest in property which we’ve done but we’ve also got a margin loan for shares, our asset allocation is:
    Property: 60%, Shares: 40% – and our shares are all paying solid/growing dividends (yes they have gone up and down but via dollar cost averaging we are well up) which all go into our offset account (on my…[Read more]

  • dcwwood replied to the topic House and Land in Mt Low (near Townsville) in the forum Help Needed! 12 years, 5 months ago

    Give these guys a call http://www.mccarthygroup.com.au – I’ve used them for a number of IP’s up in Townsville and have found their service and advice excellent.

  • dcwwood replied to the topic $100K and not sure where to invest? in the forum Help Needed! 12 years, 5 months ago

    G’day ChazzWazza, sounds like you’re travelling pretty well. Now all depends on your risk appetite and longer term goals but if I were you I’d be investing more in property (go for a new house build in QLD and get 10K from the State Gov.) and more shares (one’s with solid growing dividends). Thats what we’ve doing – just signed another new H&L in…[Read more]

  • dcwwood replied to the topic Opinion wanted on IP opportunity in the forum Help Needed! 12 years, 5 months ago

    Hey Tropper, I personally think its over priced and the builder/investor is the only one doing well out of the deal…I don't know the area well but a quick search and a few phone calls to local agents I think you can get houses for under 300K with better rental return.

  • dcwwood replied to the topic New Goal – Starting Today – Advice needed in the forum Help Needed! 12 years, 5 months ago

    Hi Johann,You're right about passive income but ideally its an amount over and above any holding costs.What is the value of your PPOR? A 100K loan seems low so if you have a large amount of equity you could buy several IP's.DC 

  • dcwwood replied to the topic Brisbane Property Manager advice in the forum Use these guys – 12 years, 6 months ago

    Use these guys – http://www.propertypursuit.com.au/manage/manage/ they are very good and they can also assist you with purchasing your next IP!!Give Jason a call and he will provide you with costs and details:Jason Hetherington, General Manager & Licensee  P: 07 3118 8565 |  F: 07 3118 8568 | M: 0421 085 086

  • dcwwood replied to the topic I have $10,000 and dont know what to do with it in the forum Help Needed! 12 years, 6 months ago

    Easy option – UBank online savings account 6.51% if you add $200 a month  My choice – buy the best Listed Investment Company (LIC) on the ASX – Argo Investments (ARG). It's $5 today, but has net tangible asset backing (NTA) of $5.57 per share. Reinvest your dividends (26cents per year currenlty) for 3-4 years then either pull it all out and use i…[Read more]

  • dcwwood replied to the topic Newport or Harbord??? in the forum Help Needed! 12 years, 6 months ago

    Sorry didn’t read your DY comments, yeah as I said it has a high proportion of renters but its still a good suburb, I lived there for 5 yrs and loved it.

  • dcwwood replied to the topic Newport or Harbord??? in the forum Help Needed! 12 years, 6 months ago

    Well the Northern Beaches is know as God’s country and Warriewood (beach side of Pittwater road again) is just that – magical. Mona Vale/Newport/Avalon have village feels to them and are also great suburbs. My pick out of all of them is Mona Vale but only just.

    The new estates at the back of Warriewood have grown steadily over the years and have…[Read more]

  • dcwwood replied to the topic Newport or Harbord??? in the forum Help Needed! 12 years, 6 months ago

    I live in Warriewood – hence the forum name DCwwood!

    If you’re looking for an investment property (Units that is) on the Northern Beaches best bet is Dee Why – good bus transport to the CBD/North Sydney, plenty of cafes, restaurants on the beach front, 2 Coles, 1 Woolies and heaps of other shops. I’ve owned a few units over the years and recently…[Read more]

  • dcwwood replied to the topic criticise me… in the forum Help Needed! 12 years, 6 months ago

    haha Rusty, if you want me to send you a diagram PM me and I’ll send you an attachment – its really not that hard but it takes a bit of organising!!

    Cheers mate.

  • dcwwood replied to the topic Looking to purchase first IP in the forum Help Needed! 12 years, 6 months ago

    Richard, I did suggest for Daniel to place all his 30K into a 100% offset account, but the way I structure my investment finances is to also have a buffer account. Ubank is simply a high interest online saver account – yes you pay tax on it but its there as a ‘buffer’ so if I ever want it I can get it quickly and not take money out of my off set…[Read more]

  • dcwwood replied to the topic criticise me… in the forum Help Needed! 12 years, 6 months ago

    Rusty,
    I like your thinking but think if your a high income earner you’d be better focusing on a capital growth strategy…how about this alternative:

    Buy land in the Surat Basin region,QLD (high growth expected over the next 5-10 years), get a construction loan (interest only), get your 10K free new builders grant (apply for it yourself and you…[Read more]

  • dcwwood replied to the topic Looking to purchase first IP in the forum Help Needed! 12 years, 6 months ago

    Hi Daniel,

    I would use the equity in your parents IP (its in your name so assume they trust you…) to purchase your own IP. Set up an interest only loan, with a 100% off set and place your 30K in it (good to also have a buffer account – maybe in UBank earning 6.51%), do a tax variation through the ATO and buy a new build in QLD – get 10K new…[Read more]

  • These guys are very good:Tax Effective Accountants Ph 1300 399 829 | Fax 02 9230 0044 | http://www.taxeffective.com.au Address | Level 12, 25 Bligh Street, Sydney NSW 2000

  • dcwwood replied to the topic To Buy Or Not To Buy in the forum Help Needed! 12 years, 8 months ago

    Go for it Adam – well, once you've done the numbers, researched like a champion and done several visits and spoken to a least 15 different agents/suppliers/builders/locals. There is plenty of good opportunities out there, you’ve just gotta get out there and look at all the options!!

  • dcwwood replied to the topic Mackay, QLD or Singleton, NSW? 60K to invest! in the forum Help Needed! 12 years, 8 months ago

    Thanks pinkboy, will PM you now!! Agree Land purchase, then secure the builder is the way to go.

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