Recent content by oj101

  1. O

    Bondi apartment as first IP... good buy?

    Sold for $860k In retrospect, it's a very poor investment. The numbers would've only really worked if it cost $750k to buy and the rental income was $850/$900pw, but having looked at similar properties it would've likely brought in around $700pw, $750 if they're lucky. I think for $850k ($750k...
  2. O

    Bondi apartment as first IP... good buy?

    Thanks everyone for the help. It really helped me gain a wider perspective and made me consider things that I wouldn't even have thought of, being new to this. Will research the area and market dynamics for a bit more first, but looks like I'll be sticking to a similar strategy - ideally a long...
  3. O

    Bondi apartment as first IP... good buy?

    At the moment, I'm scoping out what type of IP to buy, but I'd like a place that's within 10km of Sydney or Melbourne as I'm looking for capital growth and decent rent. Compared to other Bondi apartments, it's really well priced. The low end of the market is around $600k (no views, bottom...
  4. O

    Bondi apartment as first IP... good buy?

    I'm thinking about buying an apartment like this for my first IP - has 2 decent sized bedrooms, good layout, parking, opportunity to improve property value with modest outlay (say, $20k to install laminate floorboards, repaint walls in off-white and facelift kitchen/bathroom) This would be a...
  5. O

    Should I just bite the bullet and buy?

    I am nearing 40 and I would like to own my own home in Australia. I don't want to keep renting forever, so there is the need to own my own home for when I retire. With regards to the UK, when prices fell, it didn't really matter as I and nearly everyone I knew continued paying their mortgages...
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    Should I just bite the bullet and buy?

    Hello, I've from overseas, but have been living in Melbourne with my wife and 3 kids for the past 5 years and we've been renting a house in Glen Iris. We love the area, we've settled down and our whole life is based around the area (i.e: friends, schools, amenities, public transport etc) The...
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