Hi there,
I'm a 21yo Male from Perth on a mining income of 250k pa
I've been reading about property investment and taken quite an interest in it for about a year now and believe it's time to enter the market for myself.
My current strategy is a buy and hold, older style properties in the right locations. Areas of high growth, something I can eventually renovate/develop when I have abit more time at home and it is practicably possible.
I have chosen to invest in Perth as it will be my first purchase, although I'm not overly impressed with the current market conditions I think this will probably be the best bet to find my feet considering it is where I'm from.
At the moment with no debts, my current income allows me to save deposits quick smart and my current strategy is to get as many properties as quickly as possible.
Looking to utilise the FHOG for the first property purchase of up to 500k, interest only loan with 100% offset account to lower the interest for the first 6 months to fulfil the FHOG period, after this time change to investment and probably look to get back into the market interstate with the savings.
Current areas I've been looking in are - Morley, Bayswater, Carlisle, Ashfield, Embleton, Rivervale, Wilson, Hilton, Palmyra, Hamilton Hill, Innaloo, within a 15km radius of the CBD, Older style 3x1 houses with a general land size of 400sqm + But am finding myself getting bogged down for choice on which of these would best suit.
I guess what I'm looking for is abit of advice from some experienced investors and just some general help on where I should go from here.. I'm struggling to surround myself with likeminded people because of my Nightshift job role, that's where this forum has really been helping me get my head around my overall plan.
Does anybody else currently own IP's in any of these suburbs?
Would greatly appreciate any advice given
Regards,
Fraze
I'm a 21yo Male from Perth on a mining income of 250k pa
I've been reading about property investment and taken quite an interest in it for about a year now and believe it's time to enter the market for myself.
My current strategy is a buy and hold, older style properties in the right locations. Areas of high growth, something I can eventually renovate/develop when I have abit more time at home and it is practicably possible.
I have chosen to invest in Perth as it will be my first purchase, although I'm not overly impressed with the current market conditions I think this will probably be the best bet to find my feet considering it is where I'm from.
At the moment with no debts, my current income allows me to save deposits quick smart and my current strategy is to get as many properties as quickly as possible.
Looking to utilise the FHOG for the first property purchase of up to 500k, interest only loan with 100% offset account to lower the interest for the first 6 months to fulfil the FHOG period, after this time change to investment and probably look to get back into the market interstate with the savings.
Current areas I've been looking in are - Morley, Bayswater, Carlisle, Ashfield, Embleton, Rivervale, Wilson, Hilton, Palmyra, Hamilton Hill, Innaloo, within a 15km radius of the CBD, Older style 3x1 houses with a general land size of 400sqm + But am finding myself getting bogged down for choice on which of these would best suit.
I guess what I'm looking for is abit of advice from some experienced investors and just some general help on where I should go from here.. I'm struggling to surround myself with likeminded people because of my Nightshift job role, that's where this forum has really been helping me get my head around my overall plan.
Does anybody else currently own IP's in any of these suburbs?
Would greatly appreciate any advice given
Regards,
Fraze