Forums / Property Investing / General Property / Are you an investor based in Melbourne or Brisbane?

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  • Profile photo of SanSan
    Participant
    @santnair
    Join Date: 2016
    Post Count: 35

    Hi All,

    I am looking for investors in Melbourne and Brisbane to exchange notes. I am based in Sydney and willing to join hands to help each other based on local experience.

    Thank You
    San

    Profile photo of JerryJerry
    Participant
    @jerry_o
    Join Date: 2013
    Post Count: 46

    Hi San,

    I am an investor based in the Eastern suburbs of Melbourne. What exactly are you trying to achieve? A group research?

    Jerry | Mortgage Station
    http://mortgagestation.com.au/
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    Finance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne

    Profile photo of kgv2015kgv2015
    Participant
    @kgv2015
    Join Date: 2015
    Post Count: 5

    Hi San,

    I am an investor based in Brisbane, what exactly you want to invest in?

    kgv2015
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    Looking for JV Development Partner

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,937

    Investor in Brisbane with a decent portfolio.

    What are you seeking.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $26M. Ask me for a copy of my API Interview.

    Profile photo of SanSan
    Participant
    @santnair
    Join Date: 2016
    Post Count: 35

    Hi Richard,
    Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
    In my expense I include the run cost + interest on (100% loan + deposit + acquisition cost)

    My second question is is it possible to get properties with new rental yield being positive or neutral or is it a myth.

    Than You for your help.

    San

    Profile photo of SanSan
    Participant
    @santnair
    Join Date: 2016
    Post Count: 35

    Hi KGV,

    Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
    In my expense I include the run cost + interest on (100% loan + deposit + acquisition cost)

    My second question is is it possible to get properties with new rental yield being positive or neutral or is it a myth.

    Than You for your help.

    San

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,937

    Hi San

    400K budget won’t get you much in Brisbane but there a few areas which might still be worth considering.

    As to whether the property will be positively geared all depends on your loan to valuation.

    At a 100% there is no chance but at 80% certainly possible.

    Course as you might be aware lenders starting to increase margins on investment loans so each week the chance of the property being positively geared is getting less and less.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $26M. Ask me for a copy of my API Interview.

    Profile photo of SanSan
    Participant
    @santnair
    Join Date: 2016
    Post Count: 35

    Hi Richard, Thanks. Which areas are worth considering.
    thanks in advance
    San

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,937

    What LVR ?

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $26M. Ask me for a copy of my API Interview.

    Profile photo of SanSan
    Participant
    @santnair
    Join Date: 2016
    Post Count: 35

    Hi Richard,
    80% new loan and 20% from the principal residence equity. So its 100% Loan. I will be using the equity to cover the acquisition cost too.
    Regards
    San

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,937

    San you won’t find a property that will be positively geared in Brisbane with a 100% loan.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $26M. Ask me for a copy of my API Interview.

    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post Count: 1,416

    Stan

    I agree with Richard 100% and no chance in Melbourne either. However you may not find that after tax your costs are great. The other thing to consider if you go to an area that does offer you a higher return you also need to research the capital growth in that area.

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
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    We have just launched a new website join our membership today

    Profile photo of Luke TaylorLuke Taylor
    Participant
    @world-changer
    Join Date: 2005
    Post Count: 395

    Hi San,
    you could find something neutral at 100% LVR for $250k+ if you go west between 30-60 mins from Brisbane .You would need to be prepared to get yr hands dirty though on a light reno
    Kind regards
    Luke

    Luke Taylor | Hope Property Investing
    http://hopepropertyinvesting.com
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    Property Support,Strategist and Buyers Agent

    Profile photo of OriginalsinnerOriginalsinner
    Participant
    @originalsinner
    Join Date: 2005
    Post Count: 75

    You might check out Canungra. If it’s not positively geared, it’s close, and you can probably still get property there within your budget. Good luck!

    Profile photo of SanSan
    Participant
    @santnair
    Join Date: 2016
    Post Count: 35
    Jaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 155

    Hey Sam,

    Depending on how you actually want to structure this property acquisition it should be possible.

    Firstly it sounds like your really at the stage trying to suss the options out?
    Why brisbane? why Melbourne? is it due to hard picking in Sydney?

    If your serious, happy to have a chat and work out a far more calculated approach (from what advice and options I can see above I think options are avaliable, although I respect Richard and Nigels opinion I think its possible to turn positive return, It will just have to be a different income structure for that property.

    Feel free to email me your number for a chat

    Jaxon.p.avery@gmail.com

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,937

    Jaxon are you referring to a VF style deal ?

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $26M. Ask me for a copy of my API Interview.

    Jaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 155

    Vendor Finance could be good but,

    thinking more in terms of (under the assumption the loan can be approved)

    That the property we target is grossing a larger income structure.
    E.g. AIRBNB, Uni rental, room lets.
    otherwise its near impossible to have a positively geared IP. (Nearly)

    So If Sam can get approved this is the only way I see him getting Pos Geared.

    and it would require an exact property, that was identified for its exploitable income structure.

    Kind regards

    Jaxon Avery

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,937

    VF a lot easier to get over the line than having multiple tenancies.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $26M. Ask me for a copy of my API Interview.

    Jaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 155

    Its not an over the line issue,
    its a positive Geared issue.

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