Found a decently priced apartment in South Western Sydney (Cabramatta)
Put down a deposit yesterday, and now in the process of getting the necessary inspections done.
Purchase price was $162.5k.
Kitchen will need to be renovated (I'm hoping to get this into a nice and modern state for ~$3000)
Bathroom, I'm looking at a nice polishing and probably replace the toilet.
I'm hoping this can automatically lift the value of the apartment to ~$180k
Rental yield, unfortunately, isn't much of a performer...
But I guess the experience of owning my first property will be more overwhelming.
Currently seeking finance with Ratebusters as they appear to be reasonably well priced compared to other institutions.
Does anyone have any experience or he-said-she-said's about Ratebusters?
The only thing I can really fault them on are their initial fees, but over the life of the loan the amount saved on interest should more than balance that out.
One thing I'd like some suggestions on would be whether or not to split the loan or not? (No splitting fees if the splits are put forward during application stage)
Cheers,
David
Put down a deposit yesterday, and now in the process of getting the necessary inspections done.
Purchase price was $162.5k.
Kitchen will need to be renovated (I'm hoping to get this into a nice and modern state for ~$3000)
Bathroom, I'm looking at a nice polishing and probably replace the toilet.
I'm hoping this can automatically lift the value of the apartment to ~$180k
Rental yield, unfortunately, isn't much of a performer...
But I guess the experience of owning my first property will be more overwhelming.
Currently seeking finance with Ratebusters as they appear to be reasonably well priced compared to other institutions.
Does anyone have any experience or he-said-she-said's about Ratebusters?
The only thing I can really fault them on are their initial fees, but over the life of the loan the amount saved on interest should more than balance that out.
One thing I'd like some suggestions on would be whether or not to split the loan or not? (No splitting fees if the splits are put forward during application stage)
Cheers,
David