Hello,
Anyone any thoughts on Paddington terraces & Elizabeth Bay units, units currently in this area returning over 10% before expenses as many as 50 people queuing up to inspect/rental properties in this area, you could say they are falling over each other to get in the door, also alot of units bought with sign off of 66w form to waive any cooling off periods, only thing people need to check is that units should comply with current fire regulations
Investment time frame terraces 5-7yrs depending on next boom in property market, depend on cash flow will ride out next boom & wait for the 2nd uptick in the cycle
units same as above if i needed the cash for elsewhere would sell, or borrow more against equity
On other subject any experienced money people here, if i have a property worth 2 million how much could i borrow against that property to purchase another if this property has a mortgage against it of approximately 30% e.g. 70% equity, 30% mortgage
Many thanks
Anyone any thoughts on Paddington terraces & Elizabeth Bay units, units currently in this area returning over 10% before expenses as many as 50 people queuing up to inspect/rental properties in this area, you could say they are falling over each other to get in the door, also alot of units bought with sign off of 66w form to waive any cooling off periods, only thing people need to check is that units should comply with current fire regulations
Investment time frame terraces 5-7yrs depending on next boom in property market, depend on cash flow will ride out next boom & wait for the 2nd uptick in the cycle
units same as above if i needed the cash for elsewhere would sell, or borrow more against equity
On other subject any experienced money people here, if i have a property worth 2 million how much could i borrow against that property to purchase another if this property has a mortgage against it of approximately 30% e.g. 70% equity, 30% mortgage
Many thanks