Recent content by propinvestor

Thanks Patsy for the contact information, appreciate it.

Thanks, wylie. What is the approx cost these people charge for two bed apartment, any idea?

I'm looking for a honest inspection company/individual who are/is thorough in their inspection. The property is brand new. Please, can members help me out and provide some reference. I'm in Sydney so have to totally rely on the inspection report.

yup, couldn't agree more. :D

Sorry my bad, they were 3 bed not 2 but still 860K + actuals etc., bit too much. But then again, the Dyldam guys at Baulkham Hill are selling 3 BR in similar range. There is no way this investment will be CF positive and CG doesn't seem to happen in next few years at these prices.

I was shocked when I heard from the Lake Promenade agent that 2 BR units are close to 1Mil, I just hung up the phone. http://www.lakepromenade.com.au/about.php

the strata costs would be high too due to the size of the entire block and competition as well since not all 600 odd apartments are going to be owner occupied.

Exactly my thoughts and hence it doesn't make good proposition as an investor to me but again I might be missing another aspect of this.....

Yes, I see lot of them selling above 600K but I wonder, in year or two when these are all ready, will there be renters willing to pay 600 to 750 a week for one bedder? If they can afford that, they can afford to buy a second hand house or apartment in nearby suburbs, better than paying rent.

The other day I was at Stockland Mall and some agent of Dyldam was selling OTP units for the building that is going to be constructed at the corner of Windsor and Seven Hills Road, I got interested and inquired and put my name down, few days later got email with some image files and price...

Absolutely!

Australian housing industry would be seriously impacted and lot of investors will be ruined, I don't think in this day and age the interest rates will go back up to 10% even, let alone 18%. The other side of this if it happens would be that lot of foreign money would start flowing in and lots...

Very good suggestion, I shall do some number crunching and see how it stack up without NRAS incentive. I do realise there are certain components to whole NRAS property investment process that are not in our control and there are stages where investors can/do get hit by premium and what not...

Noted. Any other condition to put in from normal OTP point of view that you can think of? I certainly will since he's my mentor and source for NRAS property :). He will guide me no doubt. Just wanted to have suggestions from other members. I mean not just NRAS related but what are the...

True, however the ones which were passed in phase 4 are still in progress and absolute deadline is 30th June 2016 to activate them, I believe.