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, both rent and/or capital growth?
atm i'm only looking for rental return, simply because of my affordability to go into high capitla growth area. from my point of view, they are a good suburb to buy especially blacktown, but i need a second opinion/advice to prepare me mentally for the worse to come ><.
second question, i'm a first property buyer, so am i exempt from stamp duty eventhough i will buy as an investment? if not, do i need to come up with the stamp duty cost in cash or can i add that cost to my loan? .... i know i should probably ask my broker about this but i am too excited to wait till monday and have been doing my heading all day, and i cant enjoy watching the world cup
Third question, NSW market especially western, north west and south west area, do you think now is the right timing to buy?
just curious to know, any respond won't change my mind to buy in the next few weeks, just want to know the general market performance.
thats all for now, will post again when i got more questions..
Thanks in advance for any replies and nice to meet all of you
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, both rent and/or capital growth?
atm i'm only looking for rental return, simply because of my affordability to go into high capitla growth area. from my point of view, they are a good suburb to buy especially blacktown, but i need a second opinion/advice to prepare me mentally for the worse to come ><.
second question, i'm a first property buyer, so am i exempt from stamp duty eventhough i will buy as an investment? if not, do i need to come up with the stamp duty cost in cash or can i add that cost to my loan? .... i know i should probably ask my broker about this but i am too excited to wait till monday and have been doing my heading all day, and i cant enjoy watching the world cup
Third question, NSW market especially western, north west and south west area, do you think now is the right timing to buy?
just curious to know, any respond won't change my mind to buy in the next few weeks, just want to know the general market performance.
thats all for now, will post again when i got more questions..
Thanks in advance for any replies and nice to meet all of you