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  1. azzae89

    Pay PPOR Loan or Just Use Cash for IP1 Deposit?

    Hi, I bought a PPOR back in 2013 and have my mortgage with ANZ. I currently owe $400K on it and my interest rate is approx 5.2% ($100K variable and $300K fixed). I had a re-val done in December 2014 and it came back at $500K, meaning I have $100K equity ($80K usable). Anyway, I have...
  2. azzae89

    Contract Revisions

    This may sound really naive but I have no idea when it comes to legal stuff. Today my conveyancer has reviewed a draft contract of sale and says there's some minor adjustments to be made. These are: Arranging 5% deposit instead of 10% Front page needs inclusions marked A clause to be...
  3. azzae89

    Strata - Electricity & Water

    This may seem like a really naive question, but does strata cover your water and electricity costs? I read somewhere that electricity and water is split by the number of units and everyone contributes equally, despite how much they've consumed..
  4. azzae89

    Buying OTP & Loan Repayments?

    Quick question for you finance gurus: If I borrow money to buy off the plan, do I have to start paying off the loan even before the property construction is completed? i.e. If I buy OTP now, yet it's not due to be finished until December, will I have been paying off my loan from now...
  5. azzae89

    When Was/Is the Right Time to Buy in Sydney?

    Now that property is heating up in Sydney, would now be a good time to buy? Or are we too close to peaking in the cycle that it would be a bad time?
  6. azzae89

    First Home Buyers: Thoughts on New Homes Grant?

    For any first home buyers in NSW, what are your thoughts on the New Homes grant? I feel that anything new around greater metro Sydney comes with a stupid price tag, so by the time I get 15K and save on Stamp i'm left with a mortgage i can't afford. I'm pre-approved for $420K, and want to...
  7. azzae89

    Sutherland Shire

    Hi guys, What does everyone think of the Sutherland Shire? I've been looking at 2 bed units in Sutherland, Caringbah and Miranda over the past 6 months or so and it seems like in just that space of time prices have really been creeping up. Even old 2 bed units in Gymea are going for Offers...
  8. azzae89

    Most Affordable (good) Sydney Suburbs to Buy PPOR (Unit)?

    I ask this question for a few reasons: 1. Sydney is shockingly unaffordable 2. The "reports" and research put out online on "Sydney's cheapest suburbs" are all about really crappy areas 3. There seems less info covered on units than houses 4. I've always lived in Sydney, worked in the CBD...
  9. azzae89

    Stamp Duty Killing Me!

    Hi guys, I'm a first home buyer looking to get into the market for a PPOR. I've busted my a$$ to pay down all my debts (about 10K) + already saved a 5% deposit for a property within my price range. I've been to 2 of the big 4 banks to discuss pre-approval and they're willing to lend me 80K...
  10. azzae89

    Price Fluctuations Based on Season?

    Hi guys, This may be a daft question but during a conversation with my Mum the topic arose of property prices fluctuating depending on season. I'm looking at buying in Cronulla which is beachside area in Sydney. Mum's claiming prices are inflated around Spring/Summer time when living in...
  11. azzae89

    St George pre approval - Q on stamp duty

    Hey guys, I was talking to a SG lender yesterday about pre approval on a 320K loan.. They have a promo running til 31st march which is 5% deposit for 6 months pre approval period.. I want to get on this in combination with their new 4.99% 2 year fixed rate.. Anyway, I have the 5% (16K) but my...
  12. azzae89

    Best Loan Structure to Pay Down ASAP

    Hi guys, I'm looking to buy a PPOR in the next few months and my max budget is about 270K. Looking at P+I repayments for some loans and they still leave me with about $800 per week of disposable income. Considering I'd like to pay down my mortgage as soon as I can, what loan structure...
  13. azzae89

    Should Cap. City / Metro Valuations Concern Me?

    Extremely broad question I know. But considering Aussie property is being touted as grossly overvalued and 'bubblicious' :rolleyes: would buying right now in say Sydney or Melbourne be wise (from a value for money standpoint)? I (and others) think the aussie market will begin to correct...
  14. azzae89

    Brisbane CBD

    Anyone here invested in 1 or 2 bed apartments in Brisbane CBD? I feel many of these are good CF opps, with decent yields and potential for CG.. Would love to know of any experiences investing in this area.. Cheers!
  15. azzae89

    Suburbs within City of Bankstown

    I've searched through the forums about the Bankstown region with only a few very old threads popping up from around 07 - 09. Considering western areas of Sydney have been experiencing decent growth and improved infrastructure, what's everyone's thoughts on suburbs that fall within the City of...
  16. azzae89

    Best Australian IP Books

    When it comes to IP books I've noticed most of them are USA-centric. While I understand many of the basic principles in IP may be the same regardless of which country you invest in, I'm a newbie that would like to learn specifically about IP in Australia. Which are the best aussie IP...
  17. azzae89

    What LVR% do you aim for?

    Still in the process of saving a deposit for my first IP, but would like to know percentage wise what's a good LVR to aim for. I've seen different posters say different things on here, such as borrow 105% purchase price and then I've seen 80% and even 90%. As a general rule when investing...
  18. azzae89

    Do I NEED to set up a company?

    I've been reading a RE investment book recently and they advise to set up a company structure when starting out in property investment. Why would I do this? And do I need to? I have an ABN but only as a sole trader.. My guess is so that it protects my personal assets? Not entirely sure...
  19. azzae89

    What does your portfolio look like?

    Just trying to gauge how realistic my expectations are in terms of building a portfolio of IP's. How many do you have in your portfolio? What's your overall cashflow like? How much total equity in your portfolio do you have? And most importantly, HOW LONG has it taken you to reach where...
  20. azzae89

    What did you do first? PPOR or IP?

    I'd like to know from people with experience in purchasing their first property, of what TYPE they opted for - a PPOR or IP... but more importantly, how happy they were with their decision down the track? I'm still living with my parents, but am tossing up whether to buy a PPOR or IP (i live...
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