Browse Forums General Discussion Re: Time to buy next property? 7Oct 29, 2008 2:58 pm yeah, but no one know when is the "bottom", that's the problem.
normally when you start noticing it's coming up, it's already too late. I guess if you keep it for a long term, a few years fluctuation should be ok. Re: Time to buy next property? 8Oct 29, 2008 3:05 pm Being a perthie you would not get $500 - $600 week
My IP is tenanted at $325/week but it only cost $300k. Reason for such a good return is because it is in Bentley near the uni so 3 students live together (its a 3x2) and $105 each a week is affordable. Plus I got 50 enquiries on the first day of advertising on an unknown classified site Look around areas with high rental returns, Bentley is typical of this. Also buying in Rockingham for $215k when you can rent it out for $200/week seems like more sense to me Trying to make it mine! Re: Time to buy next property? 9Oct 29, 2008 8:33 pm Jebb,
I have just moved to Melbourne from Perth. I have a one bedroom studio apartment in a strata titled complex with gym and pool etc in Belmont (across the highway from the river) that I have just leased out for $260/week on a 12 month lease. I am looking to sell, as I purchased a block in Melbourne and am building in the new year and want to put every spare cent into my new house. I paid $235k for the unit in April 07 (borrowed 95% of the property value) and am looking to sell for the price I paid for it, just to get out of it. If I was still in Perth I would love to keep it because it is a great return. If you have a $40k deposit......7% interest on $195k is....$262/week.....rent is $260/week..... That might be a cheaper option for you...and if I didn't have to pay the real estate commission, could buy it at say $233k Would love if someone could take it off my hands...would relieve the pressure a bit as I am currently paying $850/week on rent and mortgages on one salary...making it very tough! Built in now city 2009, now moving to the country to embark on another build. Check out our previous blog http://ourpalazzo.blogspot.com/ i imagine you also have another contract with an architect? and yeah, whatever other's said about special conditions and appendices 16 16007 Hi all I am looking to run a water line under my concrete footpath which is directly next to my home, was seeing if this is possible without cutting the entire section… 0 20180 Did you know that you can get rugs made from carpet? So much cheaper than buying a shop rug. So many styles to choose from, but you won't get the highly patterned… 0 6272 |