Recent content by bern

  1. B

    studio apartments?

    No, because my income isn't enough to service a larger loan so they'll only loan me a little more than I'm asking + I'm not comfortable with borrowing much more than that at the moment.
  2. B

    studio apartments?

    thanks for the advice. I have 200k equity in my place. Feel like I've been researching like crazy, reading property books + API etc, and with the more I learn the less I realise I know.At times it's overwhelming!
  3. B

    studio apartments?

    Thanks for that TheCamel. Yeah I have spoken to my mortgage broker and around the 200 - 210k is what they'll lend me. I have a bit of savings but not a big income so can cover deposit without LMI, and don't want to purchase anything higher at this stage as I'm not confident I can service it.
  4. B

    studio apartments?

    Well there's a couple of things. Firstly I'm wanting to build up wealth for financial independance in the long term and secondly I'm wanting to build capital as I am currently renting in Sydney and cannot afford to buy, but wish to purchase a PPOR in Sydney in the next few years, so I'm trying...
  5. B

    studio apartments?

    Hi I'm new to this forum and a newy to PI. I'm just wondering what peoples thoughts or experiences are on studio apartments. I know some lenders wont loan under a certain sq m, but I'm wondering if they have as much growth potential as say a 2 bedder. Or do I just steer clear. I 've been...
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