Hi all,
I'm very new to this site, but have been greatly impressed with what I've read so far. Accordingly (given my naivety) when it comes to property investing I thought I'd throw out a basic scenario to run past all those who may be willing to pass on their wisdom to give me some guidance... as I really do have NO idea.
My situation is as follows:
Single
30 years old
No kids
Secure job
Gross Salary of $130K
No other investments
$450K deposit available (life savings)
I plan to relocate to Brisbane and there's no big factors dictating which suburb to reside in.
My options as far (as I can see) are as follows:
1. Buy a PPOR
what / where / how much - to achieve greatest capital growth, or
2. Rent & Invest (would prob rent a unit for $350/week inner city)
As above, what / where / how much / how many?
From what I've read so far, I'm thinking of buying a 3 bedroom house (PPOR) as close to the city as my budget will allow ($650K?) and paying it off ASAP (using savings from my income).
I would then (utilising the equity in the PPOR) buy other investment properties (not sure what / where) for the potential capital growth, depreciation, other tax benefits etc.
Any advice / tips on the above would be greatly appreciated.
Cheers,
DrNaps
I'm very new to this site, but have been greatly impressed with what I've read so far. Accordingly (given my naivety) when it comes to property investing I thought I'd throw out a basic scenario to run past all those who may be willing to pass on their wisdom to give me some guidance... as I really do have NO idea.
My situation is as follows:
Single
30 years old
No kids
Secure job
Gross Salary of $130K
No other investments
$450K deposit available (life savings)
I plan to relocate to Brisbane and there's no big factors dictating which suburb to reside in.
My options as far (as I can see) are as follows:
1. Buy a PPOR
what / where / how much - to achieve greatest capital growth, or
2. Rent & Invest (would prob rent a unit for $350/week inner city)
As above, what / where / how much / how many?
From what I've read so far, I'm thinking of buying a 3 bedroom house (PPOR) as close to the city as my budget will allow ($650K?) and paying it off ASAP (using savings from my income).
I would then (utilising the equity in the PPOR) buy other investment properties (not sure what / where) for the potential capital growth, depreciation, other tax benefits etc.
Any advice / tips on the above would be greatly appreciated.
Cheers,
DrNaps