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Yea, going ahead with 280k, will exchange contracts tonight, hopefully everything will go well for my first purchase. :D Now i need some suggestions on property acct in syd, might need some help with tax reporting, especially depreciation. Thanks in advance :)

Finally decided to go through with the sale and i have asked the REA what was the lowest price they are willing to sell at, and was actually happy with the price he offered. The property was put on at 285k and REA said the lowest price the vendor would accept is 280k, which i was about the...

yea, simply what i thought when i research and drive around the area for the last few weeeks. So long as it pays itself, i should not be worried plus, not intending to sell it in the next 5 years or so (unless there is a huge economic change happening). Have been holding off my first...

Yes, i realised that. Calculated it and it was about $9k which is why i leave about $15k to cover the costs.

@James_Packer:Thanks for the advice and adding on any considerations that i might have missed.I was only thinking that the stamp duty exemption might be a potential saving for me, i can still afford it but was just wondering whether i can save on few thousands. I was kinda expecting this and am...

Hi All, I'm new here and would like some helpful tips on buying an apartment as an investment. Had a few inspection today at blacktown, liverpool and merrylands apartments both with and without existing tenants living in it. first question, do you think these suburbs are a good buy...