hi guys
I am a newbie here .. but got some great advise from y man and others ...
glad for that
with my situation ( as the budget is tight ) .. I have shortlisted the things I can do ( without loosing my ppor)
this is what I am looking for
positive gearing IP ( even neutral gearing would do great - one's who can pay off mortgage and for rates and repairs would do good )...
budget of 200 k
did some research - found these areas promising ...
traralgon , horsham , mildura , geelong , ballarat , bendigo ...
among these mildura and horsham seems to be within my reach ....
geelong is off my limits ...
my limits
if the IP is vacant for 2 months - i can manage
if its vacant for 4 months - i will start worrying ...
so I am guessing that I need to look for blue chip areas ( close to city centres ) to get the kind of rent I am expecting ...
looked up some properties in mildura - noted a wide difference .. I mean there are 3 bedders for 196 and some one's for 250 as well ... ( couldnt see why this is ... may be good and bad areas )
and noted there are few which have been rented ....
as you know banks see it in a different way when they are already rented ( am I right.... )
i did some figures and have seen that once the property value crosses over 160 -- with the average rent of 200 -- it needs some negative gearing
i can negative gear if necessary ( < 200/month ) ...
so i need advise on
has any one invested on positive gear or neutral gear properties in the above mentioned areas
can you suggest any other areas
what are your experiences and suggestions
is there an online calculator that I can use to do my sums with IP's
at the end of day
planning to buy 2 IP's
not expecting a huge capital appreciation ... slow and stead would be fine
and after 5 years able to pay off my ppor
2) hot spots for land in victoria
has any one bought land and did onsell on them before settlement ( by paying 10% deposit )
if so what are your experiences on that
my idea is to onsell them if I can get capital appreciation on them
I am sure there would be expenses but not completely sure if I on-sell it before settlement
cant see much of this type of land in victoria
any light on this
once again thanks heaps ...
i am not going to give up ( though my budget and earning to small now ) untill I exhaust all options
waiting for ur reply
sri
I am a newbie here .. but got some great advise from y man and others ...
glad for that
with my situation ( as the budget is tight ) .. I have shortlisted the things I can do ( without loosing my ppor)
this is what I am looking for
positive gearing IP ( even neutral gearing would do great - one's who can pay off mortgage and for rates and repairs would do good )...
budget of 200 k
did some research - found these areas promising ...
traralgon , horsham , mildura , geelong , ballarat , bendigo ...
among these mildura and horsham seems to be within my reach ....
geelong is off my limits ...
my limits
if the IP is vacant for 2 months - i can manage
if its vacant for 4 months - i will start worrying ...
so I am guessing that I need to look for blue chip areas ( close to city centres ) to get the kind of rent I am expecting ...
looked up some properties in mildura - noted a wide difference .. I mean there are 3 bedders for 196 and some one's for 250 as well ... ( couldnt see why this is ... may be good and bad areas )
and noted there are few which have been rented ....
as you know banks see it in a different way when they are already rented ( am I right.... )
i did some figures and have seen that once the property value crosses over 160 -- with the average rent of 200 -- it needs some negative gearing
i can negative gear if necessary ( < 200/month ) ...
so i need advise on
has any one invested on positive gear or neutral gear properties in the above mentioned areas
can you suggest any other areas
what are your experiences and suggestions
is there an online calculator that I can use to do my sums with IP's
at the end of day
planning to buy 2 IP's
not expecting a huge capital appreciation ... slow and stead would be fine
and after 5 years able to pay off my ppor
2) hot spots for land in victoria
has any one bought land and did onsell on them before settlement ( by paying 10% deposit )
if so what are your experiences on that
my idea is to onsell them if I can get capital appreciation on them
I am sure there would be expenses but not completely sure if I on-sell it before settlement
cant see much of this type of land in victoria
any light on this
once again thanks heaps ...
i am not going to give up ( though my budget and earning to small now ) untill I exhaust all options
waiting for ur reply
sri