I know the Sydney market is really hot right now, but I have some equity (probably about 100K) and would like to look into something which ends up neutrally geared to slightly negative.
I am considering apartments around the 400K mark, and getting a 95% no LMI loan (professional)
Income is approx 100K (self employed) and my current property is slightly cashflow positive.
Would a newish unit around Blacktown/ Fairfield/ Parramatta/ Granville be a good choice, as I can take into account some depriciation of the building? I could even consider Campbelltown as it really is its own little CBD.
I am currently about 50-70K off this year's land tax threshold, and would like to keep it under if I can. Do units contribute to a large land tax value?
I am considering apartments around the 400K mark, and getting a 95% no LMI loan (professional)
Income is approx 100K (self employed) and my current property is slightly cashflow positive.
Would a newish unit around Blacktown/ Fairfield/ Parramatta/ Granville be a good choice, as I can take into account some depriciation of the building? I could even consider Campbelltown as it really is its own little CBD.
I am currently about 50-70K off this year's land tax threshold, and would like to keep it under if I can. Do units contribute to a large land tax value?
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