First Property
Location: Victoria Park, Western Australia
Price purchased for: $181,000
Year purchased: 2005
Do you still own the property?
No, sold for $285,000 in 2011 to purchase another property
Why did you buy that property?
good location, well priced (slightly under market), close to beach, city, shops, public transport, CBD, etc.
Did you renovate?
no, the plan was to use it as PPOR then move out and keep it as it would've been positively geared.
Why did you want to buy?
Perth market was rallying, wanted to get my foot in the door but also wanted a property that could be quickly positively geared. I had very low LVR on it from memory.