Hi,
I have always been interested in property and have recently inherited a property which is paid off. I am now after some advice as my Husband and I are keen to start buying another investment property (perhaps even more than one).
Our details: PPOR valued approx $350,000, we owe $260,000
Inherited investment valued approx $325,000 (returns $450 per f.n)
Also $40,000 cash
Combined income approx $1200 net per week (I have just returned to part time work after maternity leave. We have two young children)
We are looking at purchasing a property but cant seem to decide how much to spend therefore not really sure what areas we should be looking in. Is it better to spend more in order to maximise tax benefits? Is it better to buy a newer property to increase the depreciation? If anyone knows SA property market we have been looking at Aldinga as really cheap new houses one or two streets from the beach seem like great investments but is there a catch?
Thanks in advance for your replies.
I have always been interested in property and have recently inherited a property which is paid off. I am now after some advice as my Husband and I are keen to start buying another investment property (perhaps even more than one).
Our details: PPOR valued approx $350,000, we owe $260,000
Inherited investment valued approx $325,000 (returns $450 per f.n)
Also $40,000 cash
Combined income approx $1200 net per week (I have just returned to part time work after maternity leave. We have two young children)
We are looking at purchasing a property but cant seem to decide how much to spend therefore not really sure what areas we should be looking in. Is it better to spend more in order to maximise tax benefits? Is it better to buy a newer property to increase the depreciation? If anyone knows SA property market we have been looking at Aldinga as really cheap new houses one or two streets from the beach seem like great investments but is there a catch?
Thanks in advance for your replies.
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