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From: Mike .
Starting out in Brisbane
From: Tully
Date: 12/19/99
Time: 9:35:09 PM
I only have about 20% equity in my home, so I can only afford to borrow about a small amount for my first investment. I've therefore come up against the house (in an outer suburb) or unit (in an inner suburb) dilemma. I've decided to go for a cheap unit in a good suburb near the uni/city, as this is an area I know well and feel reasonably confident about.
If you could answer a couple of questions I have, I'd really appreciate it. Firstly, how do I know what figures to put into my PIA software for capital growth and inflation? Also, is the inability to depreciate an older property outweighed by the (hopefully) better growth of the good suburb? How can I find out a bit about the body corporate of the block?
Thanks in advance. This forum is a great idea.
Starting out in Brisbane
From: Tully
Date: 12/19/99
Time: 9:35:09 PM
I only have about 20% equity in my home, so I can only afford to borrow about a small amount for my first investment. I've therefore come up against the house (in an outer suburb) or unit (in an inner suburb) dilemma. I've decided to go for a cheap unit in a good suburb near the uni/city, as this is an area I know well and feel reasonably confident about.
If you could answer a couple of questions I have, I'd really appreciate it. Firstly, how do I know what figures to put into my PIA software for capital growth and inflation? Also, is the inability to depreciate an older property outweighed by the (hopefully) better growth of the good suburb? How can I find out a bit about the body corporate of the block?
Thanks in advance. This forum is a great idea.
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