Recent content by jimboy77

Thanks for the responses - there were a couple of pretty spot on guesses in there as well.. I'm also thinking of another option of having my girlfriend move into my flat and saving some more money for 12 months or so. She is also paying off her own 1 bedroom apartment so it would help her out...

Hi All, I am in a fortunate situation but want to make sure I make the right choice from here. I have a nice 1 bedder in Ultimo (next to Sydney CBD) that I live in worth upwards of $550k and only $150 left on the mortgage. It would rent for around $550 a week. I am planning on moving...

Hey bornfree - I'm far from a property expert, but my PPoR is a 1 bedder in inner Sydney so I can tell you how that has gone for me. Bought in Ultimo in 2007 for $390k. Ultimo is right next to Chinatown and the Powerhouse Museum so kind of equivalent to the Docklands in Melbourne. 1 bedder...

Hey RumpledElf - sounds like Mt Barker to me! Might not be but if so, I grew up just down the road in Hahndorf. Mt Barker would have been a great buy any time in the last 10 or so years. I was even still considering it as it seems like the Govt wants to triple its size, the only thing holding...

How about just down the road from Christies in Seaford? Prices have tripled in the last 10 years (dropped slightly in the last 12 months) but you can still get a 3/4 bedder on a 600m2 block for about $300k. It is at the end of the southern expressway which has just had construction started on...

Hey guys - I'm looking for a bit of feedback about this approach. I have been trying to identify areas with capital growth potential (surprise surprise) and one of my current ideas is to look for new developments like new shopping centres, train lines, highways etc and buy as construction...

Hey guys, thanks for all the feedback (esp. Player for the detailed response). Bene - I saw Trog's thread before and it was pretty interesting. I would NOT like to have to cover 6 months rent either!! I'm definitely not in a huge rush but I would like to put my equity to work in the near...

Player - agree with you also. I haven't decided completely which way I want to go yet. Just want to find out more about CIP so I can consider it as an option. Obviously the quality of the property I get and the lease terms will have a large impact on the risk involved and potential gains. DT...

Hi Gools - I definitely agree with all your points. I think in my position the kind of CIP I would be looking for would be one with a stable tenant already in a contract with some time to run on it. Depending on how much I spent, I have access to a line of credit against my PPoR equity which...

Yeah - I thought of shares but I feel there is more risk involved. I was considering buying into some of the banks such as Westpac - it's yielding about 6% dividend plus looks undervalued at the moment. So the dividend basically covers your interest and there is a good chance of some upside to...

Hey guys, been reading these forums with interest for a while, time to see if I can get some expert advice.... :) I am fortunate to have about $300k equity in my PPoR (my only property) and have been trying to work out what to do with it for a while. I have a lot of questions but will keep...