our first investment. opinions please!

Viewing 6 posts - 1 through 6 (of 6 total)

Scottybe
Member
@scottybe
Join Date: 2004
Post Count: 58
May 10, 2005 - 9:58 am
Hi all.
Here are the details of our first investment, please feel free to voice your opinion/suggestions/thoughts/figures.
Not sure if this is the right forum for this post but oh well.
Unit 44/21 Cavenagh st Darwin. studio appartment
1 br 2nd floor/sea views
1 Bath fully furnished
close to everything, very central
tennanted at 170/wk
body corp 1490/annum
rates 628/annum purchase price $90,000
using house for equity, borrowing full amnt.
cheers
Scott
Scottybe
Member
@scottybe
Join Date: 2004
Post Count: 58
May 10, 2005 - 11:34 am
c’mon people, i value your opinions
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
May 10, 2005 - 11:36 am
Are you happy with your purchase?
It seems like a good deal to me.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

Investor Links
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
May 10, 2005 - 11:50 am
Yes numbers look good, Darwin should also have good long term CG prospects.
What about the size of the unit. I wouldn’t get anything under 40sq m, 50+ would be preferable.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
May 10, 2005 - 11:55 am
I think it has already been bought Terry.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

Investor Links
Scottybe
Member
@scottybe
Join Date: 2004
Post Count: 58
May 10, 2005 - 1:22 pm
Yes i think i am happy, even though it will be slightly neg geared for at least the first year.
It is only just under 40 m2.
Thanks for the replies though, feedback is good.