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Hi guys
I need some ideas in terms of investing up to $160K. I am interested in either 1 bedroom units or apartments or a block of land in a growth corridor.
Any ideas or suggestions would be most welcome. I live in Melbourne and I am open to investing interstate as well as Vic.
Thanks
Nat
You need to decide the following choices
if you want to have a loan with you repaying the whole cost ie owning a block of land without any rental income
if you want to buy a unit and have strata title and body corporate but receive rent
see
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=103637137&f=20&p=10&t=res&ty=&fmt=&header=&cc=&c=99982559&s=vic&snf=rbs&tm=1206415867
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104745174&f=30&p=10&t=res&ty=&fmt=&header=&cc=&c=99982559&s=vic&snf=rbs&tm=1206415867
if you want to buy a house with more land and receive rent and some capital gain on the land content.
see
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104760225&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=99982559&s=vic&snf=rbs&tm=1206415867
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104698488&f=70&p=10&t=res&ty=&fmt=&header=&cc=&c=99982559&s=vic&snf=rbs&tm=1206415867Nat
Im not a an invetment adviser or such so this is only my opinion. If you have $160k in cash to invest have a look at all the options. Why property? Its on the way down or at best flatening out. Property is a long term investment if you want out in 3-5 years in a flat market you may only break even. Ive seen it in recent sales. A high groth corradoor if you find one please let me know asap. A 160k investment in a TD at 8.1% ( and the banks are screaming for money now) will get you 12,960 pa. Thats $249 per week of course its before tax after 30 % tax its still $174 clear a week garenteed 100%. You will have to borrow to buy anything with your 160k. and have all the running cost. The rent will pay most of the intrest & running costs and you win on any capital gain , if there is one" if not you loose. And you only get the gain when you sell it ask a real estate agent how much to sell a place for 350000k its about $9000 so you can take that of your profit to start with.Cheers……….
You have $160K to invest, or want to buy a property for $160K?
If I were you, I would use part of the $160K for a deposit on a 2brm inner city unit (or 2!) and rent them out . You would have way better returns doing that instead of pouring all of your money into a one bedroom unit. The rent you receive would eventually pay off the properties, plus you'll keep building up equity.
I am sourcing properties for investors in the Western growth corridor, Brisbane. Huge growth area. Send me an email if you would like more info.
nkrasn wrote:Hi guysI need some ideas in terms of investing up to $160K. I am interested in either 1 bedroom units or apartments or a block of land in a growth corridor.
Any ideas or suggestions would be most welcome. I live in Melbourne and I am open to investing interstate as well as Vic.
Thanks
Nat
In my opinion you should get this for around $130,000-$140,000 only 19kms from Adelaide CBD, the houses in this street can sell for over $300,000, I own a unit in a complex at the back and getting $130 pw.
