Recent content by reality_22

Attached a layout of the property. Probably a no to added scope for value - it's not brand spanking new but pretty renovated already. And no to adding another room.

Hi guys, thanks for the comments. Yes, the one bedroom has a car park. The only thing that concerns me a little about getting a two bedroom is that because I also plan to live in it first, there are certain things that I look for in an apartment. First off, I prefer stronger walls ie. Not...

Okay, not too long ago I posted on Somersoft seeking advice on how best to invest my deposit for my first purchase. To quickly recap, I have $250k which I would like to use, I am mid 20s, in my first year of full time work after uni on a salary of 45k pa (reviewed annually + bonuses). I had...

Thanks guys for the replies. With the share buying scheme, wouldn't that essentially mean that I'd be cash rich but asset poor? With inflation and the cost of living increasing year to year, $250k would probably be worth less in say, five years time compared to now. I mean, having an additional...

I work in CBD at the moment and I want a PPOR in around the inner burbs as I've grown up around the area/like it/used to my surroundings. It's sort of a familiarity thing. My friends/family are all based around here and like you said, I am young and therefore I like to socialise. It's a...

Hi guys, thanks for all the responses. I pretty much knew most people would advise me against option 1, but am surrpised more aren't for option 2. Gools - I was considering an IP in Ballarat (less than $250k) and I doubt I'd find a CF+ one in that area. If I went further out, Horsham, for...

Thanks for your response but no need to be sarcastic. You don’t know my role/company/industry and I am not pulling figures out of my armpit.

I desperately need your help. I am looking to purchase my first property but am unsure what exactly to do. I currently have a sum of $250k cash to get into the property market. With the market cooling off recently, I am hoping to purchase a property by the end of the year. At the moment, I...

Thanks for your replies, the rental figures are based on how much 2 bedders go for around the area and I will be renting to international students so car parking isn't an issue. I will take into account the maintenance/repair costs but as it will primarily be a rental property, I don't think I'd...

Hi all, I found a very unique old terrace house in the inner city that has 3 separate titles and consists of 3 separate zoned 2 bed + living + 1 bath + courtyard "apartments". It's kind of hard to explain, basically the bottom level is 1, first level is 2 (has its own entrance point) and...

Hi all, I found a very unique old terrace house in the inner city that has 3 separate titles and consists of 3 separate zoned 2 bed + living + 1 bath + courtyard "apartments". It's kind of hard to explain, basically the bottom level is 1, first level is 2 (has its own entrance point) and...

Currently there is a terrible bushfire raging on here in Victoria, around 100 people killed already and more then 700 homes destroyed. Just wondering if anyone has a property there and if so, how it's doing. Fingers crossed all is well!

Hmm... I don't think housing prices will fall much more in my opinion, at least not in the middle 500k range. The FHOG and dropping interest rates should be sufficient to tide most prices over for a good year or so. If anything I think now is a good time to purchase those 1 mil houses if you can...

Up to update everyone on the situation: I've decided to let go of the unit. It looks like they'd be another $20k on top of the 400k price tag for renovations. Back on the hunt again, this time I'll be focusing on houses and properties around the west/north suburbs around the city area. I'm sure...

Yep, that's fine. It's only around $800 and I much rather that then a $400k mistake that is just going to sit there for the next 7 years with no growth.