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  1. inner_westie

    Sydney inner west: what is happening with the market?

    Whats an SMSF? I'm pretty noob to the whole thing :) I'm very much a buy and hold strategy so yield (and general liveability) matters a lot to me, the aim being to get positively geared to a point where I need to borrow more to get negative again and then use those funds to purchase the nth...
  2. inner_westie

    Sydney inner west: what is happening with the market?

    Hmm - i don't know if the people of sydney can tolerate 40% growth over the next 3 years. 40% capital gains leads to 40% bigger loans and also 40% increase in rents at current yields. I'm looking for a way into my second IP and I'm very hesitant to borrow large amounts - 350-400k for 80% LVR...
  3. inner_westie

    Sydney inner west: what is happening with the market?

    504k! That's truly crazy, this is reminiscent of 2003, there's a frenzy going on where prices are going to get ahead of rental yields. The smart thing to do would be to stay out for a bit, once the RBA hikes rates to 7% it will take the wind out this and turn it back into a buyers market when...
  4. inner_westie

    Affordable suburb tips for a starter?

    So you've got a budget of high 200s. I'm also looking for a 1st IP around the 300k mark with 2 beds. I reckon Westmead out to Toongabbie is pretty good value for money, they're up and coming areas. Lot of young hardworking families in those areas from what I've seen so far. Newer places...
  5. inner_westie

    Sydney inner west: what is happening with the market?

    So do you think it's in a mini bubble? 20% is a lot in such a short period of time. It won't matter how much prices rise what will be constant forever and ever is the relative pricing of Sydney's areas Eastern Suburbs (the real ones) / Lower North Shore are always going to be more desirable...
  6. inner_westie

    Inner west: from where to where???

    Strathfield is a bit of a special case in these ratings in my opinion because the frequency of express trains to the city makes commuting times for city workers faster than that of those who live a bit closer in like Burwood, Croydon. It's 20 minutes with 5-10 minute frequencies in the...
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