do you find you have problems with vacancy rates? are any of you managing to positively gear them?
thanks
G’day,
I’ve got one in the outer-west of Sydney and it’s definately not positively geared! I reckon you’d be hard pressed to buy a positively geared property in NSW period!I have been lucky in finding a good tenant who always pays one month in advance!
Cheersnobody in the inner city… was interested in leasing
on another note… somebody must be making money on inner city properties somehow? they can’t be all…um… stupid
just wondering how with apperently low capital gains, a saturated market and low rentals?Inner city units are an expensive way of buying hope.
As for an investment ….??????
Look at the Connaught. It has great location, opposite Hyde Park, Harbour views from mid levels up, AND it has gone up very little in real terms in the last ten years. Other examples are the York.
As a lifestyle, unless you are Chinese, the main tennant in the new developments, Sydney is dead as a doornail in the CBD on Sunday.
I really don’t know what ppl were thinking????
Believe that they were just buying hope.Hi JackFr,
Currently looking in the Sydney Inner West Martket for a PPOR, but trying to find the “hottest deal of a life time” No luck yet, though will be looking at getting this PPOR and turning it into a IP at a later date, though if possible, will love to turn it into a +ve geared, but main aim is to pay it down as much as possilbe, then gear it, but offset it against any profits, if the property is still running at a loss.
Cheers
s.i.sif you know of anyone that wants a tenant that always pays on time in the Sydney inner city area and that is willing to pay up to $600p/w for 2bdr or $750p/w 3bdr… let me know [
]Talk about willing to pay high rent, thats more than most peoples weekly wage. What does this person do?
and is willing to pay $750 pw rent…
[][][]cheers
s.i.sim the tenant
they’re the going rates in the city at the moment
Hi JackFr,
Rather than pay rent, would you rather be interested in purchasing a PPOR for yourself.
Caculated on $750 a week Loan Repayment that would equal the affordability to pay such principle and interest loans at:
At 6% over 30 years – A loan value of $501,000 dollars
At 7% over 30 years – A loan value of $452,000 dollars
At 8% over 30 years – A loan value of $410,000 dollarsMaybe a bit hard to find a house at that price, but should not be hard to find a 3bdrm or even 4 bdrm Unit/Appartment at those figures.
cheers
s.i.sAre you for real JackFr ?
Your first post I read as you wanting to know whether it is possible to obtain a + geared property in Sydney.
In your second post you are suddenly talking about wanting to rent a property
Then you say “nobody in the inner city… was interested in leasing”.
I cannot possibly imagine that it is impossible to find a property to rent.
Pisces133
sorry, for clearity two seperate topics may have been appropriate….
as a tenant I’m looking for leasing opportunities in the inner city of Sydney now
as a prospective investor I was aiming at getting some further information at the kind of experiences current owners of inner city properties have
“nobody in the inner city… was interested in leasing” was meant as “Is there really nobody that has property in the inner city?” and “As I was interested in leasing in the inner city”
yes there are properties available however I wanted to see if I could deal with an owner directly
thanks
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