Hi all,
My wife and I are looking to buy our first investment properties (pre approval for two properties at approx $500k each). Currently looking at Brisbane and perhaps Sydney.
While I have done a lot of reading on this forum and have certainly learnt a lot, I'm now trying to understand the best way to gather info on a specific property in order to work out if the numbers will work for us. Our main aim is capital growth, but want to know how best to work out whether it will be positively or negatively geared etc.
How does one go about finding all the required numbers? It's easy enough to look up similar properties on Realestate.com.au to determine rent, or I suppose call agents in the area. What about other charges such as strata, council rates, water, land tax etc? Are there any websites, spreadsheets or similar where you can obtain this info relatively easily?
I had a look through the spreadsheets thread but wasn't sure what to use. I guess ultimately it would be great for me to be able to formulate a check list of initial and ongoing costs so I can do the numbers on a property to do due diligence prior to going any further with it.
I know this is a fairly broad question, but would be interested in hearing how other people "do the numbers", so to speak.
Thanks for any advice.
Neal
My wife and I are looking to buy our first investment properties (pre approval for two properties at approx $500k each). Currently looking at Brisbane and perhaps Sydney.
While I have done a lot of reading on this forum and have certainly learnt a lot, I'm now trying to understand the best way to gather info on a specific property in order to work out if the numbers will work for us. Our main aim is capital growth, but want to know how best to work out whether it will be positively or negatively geared etc.
How does one go about finding all the required numbers? It's easy enough to look up similar properties on Realestate.com.au to determine rent, or I suppose call agents in the area. What about other charges such as strata, council rates, water, land tax etc? Are there any websites, spreadsheets or similar where you can obtain this info relatively easily?
I had a look through the spreadsheets thread but wasn't sure what to use. I guess ultimately it would be great for me to be able to formulate a check list of initial and ongoing costs so I can do the numbers on a property to do due diligence prior to going any further with it.
I know this is a fairly broad question, but would be interested in hearing how other people "do the numbers", so to speak.
Thanks for any advice.
Neal