Thanks, that would be great I'll try get some more details.
The cash flow is not an issue, I'm more trying to determine how accurate the depreciation figure needs to be so as not to throw out the resulting cash flow estimate so far that it affects my decision to buy. Hope this makes sense, I...
Thanks alan,
So even using a rough figure for depreciation will give a reasonably accurate cash flow estimate? Both of my options are 3 bed 2 bath LUG.
Thanks again
Sam
Hi all,
I'm a new investor looking to purchase my first IP, and I'm wondering how do I determine how much depreciation to factor in when I'm trying to estimate cash flow for a new H&L or new townhouse development? I assume it will differ with respect to land size/value, purchase price...
Hi Spades,
Got the 40k equity + about 10k savings, but have recently got a new job which will allow be to save $1500 a week if I need to, so in a few months could have quite a substantial deposit.
Cheers Sam.
Thanks everybody, and I hope everyone had a great Christmas!
So the reasons I like Albury-Wodonga are:
It has over $1 billion in developments spread over several different industries which are either underway or have been approved.
And since I bought my house there 3.5 years ago prices have...
Well my (ameteur and inexperienced) logic is that Darwin/Palmerston will be more likely to have short term growth, and that Albury/Wodonga would be a better long term investment, so my original thoughts were to buy/build in Darwin and then theoretically use the equity available after 1,2 or 3...
Hi everyone, I need your help. I'll try explain... my wife and I have decided to use the equity in our house in Albury NSW for a deposit to either buy or build another property (house, not unit). We bought the house a few years ago as our PPOR but have since moved to Darwin so its currently...