Investment property or Owner Occupier [Archive] - Somersoft Property Investment Forums

choppa

11-05-2005, 01:03 AM

Hey guys,

Currently I can't decide what move to make first. Im not sure whether to buy a home first (owner occupier) or by an investment property.

Can anyone out there let me know some pros and cons for buying a home (not brand new) or an brand new investment property.

I know for depreciation its better to buy a brand new investment.

Any opinions welcome.

Aceyducey

11-05-2005, 08:34 AM

Choppa,

It's interesting you bring up this topic, because we've discussed it several times in this forum in the past!

A search of the forum should net you several threads that provide a lot of the information you seek.

Cheers,

Aceyducey

choppa

11-05-2005, 02:38 PM

Thanks for the response, I'll do some searching.

TomL

11-05-2005, 03:02 PM

Read the discussion on Somersoft.

There is also a great little e-book hidden away that I refer back to quiet a bit.

Colm Dillon wrote this, and it sums some of the issues up nicely.

http://www.realestate-development-coach.com/FREE%20eBOOK.zip

T.

Panic

11-05-2005, 05:35 PM

Hi Choppa,

If you ask me I would say, stay off the property market at all.
Rents are low, prices are going down. No need to rush.
You will make better return on your money even in a term deposit account, not to mention other investment strategies.

Just my 2c

Thx
V

The Y-man

11-05-2005, 05:42 PM

Hey guys,

Currently I can't decide what move to make first. Im not sure whether to buy a home first (owner occupier) or by an investment property.

Can anyone out there let me know some pros and cons for buying a home (not brand new) or an brand new investment property.

I know for depreciation its better to buy a brand new investment.

Any opinions welcome.

I think I have also posted in the past regarding the "joys" (NOT!) of investing in brand new properties. The depreciation benefits are not worth the issues that come with brand new properties to the point where we will no longer entertain the thought of anything but an established residential property.

Cheers,

The Y-man

choppa

11-05-2005, 10:22 PM

Read the discussion on Somersoft.

There is also a great little e-book hidden away that I refer back to quiet a bit.

Colm Dillon wrote this, and it sums some of the issues up nicely.

http://www.realestate-development-coach.com/FREE%20eBOOK.zip

Thanks very much for this TomL, I really found the section "Wealth Growth" interesting, especially from the banks perspective.