Recent content by zubs

  1. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks for the advice! I appreciate it. My calcs show that the net effect of buying it will effectively be 0 for me in terms of cash flow. Rent + Tax reduction will be very close to expenses (interest only). That is why I figure it's a sensible idea - and I am thinking long term (15+...
  2. Z

    Will you choose Parramatta for property investment?

    And no, MsAli, I am not. It would be an investment - I wont live there, how would I use it to show off? I am after proper advice - and if this is the kind of response i'll get, then I don't know why I bother using this forum. If you have something useful to add then please do - I am...
  3. Z

    Will you choose Parramatta for property investment?

    Thanks for the incredibly useful, constructive replies.
  4. Z

    1st IP - Sydney - Parra? Macquarie Park?

    i'm only talking about units.
  5. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks, good thoughts. westmead/Wenty - with parra being the 'up and coming CBD' I thought there'd be much higher growth being close to Parra station/CBD.
  6. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Any further thoughts here? I am still considering Parramatta - it's an up and coming area, with lots of development. I am not worried about value at time of settlement - I am only concerned with value in 10 or 15 years - and my research and reading tells me that parra will go up in value...
  7. Z

    Will you choose Parramatta for property investment?

    Hi All I am also thinking of an off the plan in Parramatta. I am considering the Altitude apartments (I am not sure which ones you are referring to 500m from the station - is it the Crown apartments on Macquarie street?) Yes, the prices are high - they are around 850 to 900k for a 2 bedroom...
  8. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks - yes, I find this advice invaluable. I also read the Parra article and it's got me thinking about Parra again. Also thinking about Haymarket - $1m properties give a rent of 900 to $1k a month. Regarding my calcs - yes, they took into account negative gearing and depreciation.
  9. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks everyone for your advice. Have done some more research and am also considering Haymarket and Alexandria - both have higher rental yields (5 to 6%)
  10. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks - I was leaning towards Macquarie due to the business park there, the transport there, and the university (international uni students wanting to rent etc) I figure 800k for a 2 bedder there is probably fair. agree with no OTP.
  11. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks everyone 1) How best to research areas with high yield and high capital growth? 2) My thinking with 'newer' properties is higher deprecation deduction 3) 1mil is probably high - I am thinking it'll be more like 800k.
  12. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Thanks - so what would your suggestion be?
  13. Z

    1st IP - Sydney - Parra? Macquarie Park?

    Yes - people I know who have bought property.. however by no means are they 'sophisticated' investors. Hence my post to this forum.
  14. Z

    1st IP - Sydney - Parra? Macquarie Park?

    I would appreciate some advice, please. I am 34 years old, married, 3 young kids (under 6). Wife currently not working but will return to work part time in September, 3 days a week - in child care (so money is not great). Having said that, I am lucky and on a high income. We were able to pay...
  15. Z

    CBA's Transactional Offset

    Luckily they fixed it straight away :)
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