Hey everyone,
New here 20 year old from Albury, found this place whilst researching rental yields etc.
I recently (August) purchased a 2 bedroom unit in Albury to receive the FHOG of $14k and so that i can negative gear it for my Tax next year. The current rent is $130p/w although i will be increasing this after i move into the property as a requirement for the FHOG should be able to receive 140-150 p/w after doing a bit of work to the kitchen.
Anyways my real question is where do i go from here?
I made a $15k deposit on the house borrowing $110k and since have paid off another $35k, meaning i should have home equity of around $50k.
I am looking at purchasing another property although not sure if i should look at a house or another unit locally or look for a place in the city either Melbourne/Sydney.
Im relatively new to property investing and any help would be greatly appreciated.
Thanks,
Morgan
New here 20 year old from Albury, found this place whilst researching rental yields etc.
I recently (August) purchased a 2 bedroom unit in Albury to receive the FHOG of $14k and so that i can negative gear it for my Tax next year. The current rent is $130p/w although i will be increasing this after i move into the property as a requirement for the FHOG should be able to receive 140-150 p/w after doing a bit of work to the kitchen.
Anyways my real question is where do i go from here?
I made a $15k deposit on the house borrowing $110k and since have paid off another $35k, meaning i should have home equity of around $50k.
I am looking at purchasing another property although not sure if i should look at a house or another unit locally or look for a place in the city either Melbourne/Sydney.
Im relatively new to property investing and any help would be greatly appreciated.
Thanks,
Morgan