My bad. It's probably one of the worst units in the suburb so I thought that counted for something
It does Opportunity to grow the most with a cosmetic reno
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My bad. It's probably one of the worst units in the suburb so I thought that counted for something
My bad. It's probably one of the worst units in the suburb so I thought that counted for something
What will you do with the net proceeds ?
I think a lot of us are going through the same decision.
If you are planning to reinvest in another property - then you are perhaps 15% down from the get go.
The west might get another run with the airport construction - so we will probably keep that one.
with my unit in Mount Druitt, would anyone suggest selling it WHILST there is a boom there eg right now
its not costing me anything to keep but im worried that it will eventually go down or atleast stop going up in price.
If i was to sell, id possibly buy another house in Brisbane
any suggestions?
From what you are saying i assume it is positively geared, if that is the case why not hold onto it and use the the equity in the property to buy the 2nd IP in Brisbane.
You will hear many stories from people (myself included) who have regretted selling investment properties especially if you are at the start of your property investment journey.
If selling, does a vacant property fetch a higher price than a tenanted property?
Additionally, if tenanted, is there any obligation to use a sales agent from the same agency handling the property management? Even if no obligation, I imagine logistically there might be issues with getting a hold of keys and arranging open times.
Wondering if it's best to give notice to tenants to vacate, get the keys back from the property manager and then shop around for a sales agent.
Would greatly appreciate any advice
I've currently got a unit in western sydney..
my question is, do you sell now & take advantage of the situation OR is there still a way to go yet ?
We did sell in Sydney end last year , cleared non deductible debt
Buying at the moment , taking on deductible debt .
Cliff
Where have you been looking at Cliff? your not snapping up all the waterfront properties at north arm cove are you? I've been working on a new nursing home at tea gardens, do you see much potential there?
Queensland