Recent content by Marmoura2001

  1. M

    Buying in minning towns

    thanks for all your help and suggestions.really much appreciated.I am now considering listenning to all what the opinions said on the forum and having a big block then considering a subdivision latter.did you say that a dwelling is allowed per 300m2? because i spoke to the council and Dianne...
  2. M

    Buying in minning towns

    Did you find any difficulty renting out the existing house? Or do you expect to find any difficulty renting out the town houses with an increasing vacancy rates for miles at the moment? That is my biggest fear .I won't be able to afford to pay the mortgage if the house is vacant for few...
  3. M

    Buying in minning towns

    The price really isn't exaggerated because of the rental guarantee. A brand new townhouse 3br 2 bathrooms,1 garage for under $400k with a rental guarantee of 10% for 5 years.can be renewed if I want. Sounds too good to be true I know but that what it is. The only thing that if I want to...
  4. M

    Buying in minning towns

    According to all what I read there are no caveats on the rental guarantee. It runs for 5 years and it is 10% p.a.it increases annually as per CPI.it can be renewed for another 5 years if I wanted. There is a management fee of 8.5%. The property is in miles and some of the projects are confirmed .
  5. M

    Buying in minning towns

    Hi all, I am considering buying in one of the mining towns In Qld that is most likely about to boom in Surat basin region because there were announcements about new projects starting within the next 6 months or so. I know it can be a real risk but the property that I am considering comes with...
  6. M

    Student accommodation investment

    There is only a bathroom but there is a common huge kitchen and coin laundry facility in the building in each level.
  7. M

    Student accommodation investment

    I did forward you the contract of sale . I live in Melbourne and I wish to get a LVR of 80%.
  8. M

    Student accommodation investment

    I do have a cos .it is in broadway ultimo NSW 2007 size is 53m2 . Management is by unilodge but I can rented it out myself. It does have a kitchenette with a microwave but not a full kitchen. It is a loft style apartment with a strata title of 4 occupants .
  9. M

    Student accommodation investment

    Hi everyone, I am actually looking to buy my second investment property as a student accommodation which can be holiday let as well. The reason I chose this is the very high rental yield. I am now facing a problem of difficulty in financing the mortgage despite that The unit size is over 50...
  10. M

    Advice for Melbourne (First IP)

    What about the northern subrubs that is still 5-10 k.m of the CBD? I mean something like northcote, thornbury...etc. Are they hotspots for short to medium term capital gains ? I think you can still get a bit of positive gearing on them as well. Would be great to share your thoughts with...
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