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
SanHi 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/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
Investor in Brisbane with a decent portfolio.
What are you seeking.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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
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
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 | Australia's leading private lender
Hi Richard, Thanks. Which areas are worth considering.
thanks in advance
SanWhat LVR ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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
SanSan you won’t find a property that will be positively geared in Brisbane with a 100% loan.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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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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
LukeLuke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
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!
Thanks mate
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 | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Jaxon are you referring to a VF style deal ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
VF a lot easier to get over the line than having multiple tenancies.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Its not an over the line issue,
its a positive Geared issue.Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
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