NSW Anyone still actively looking to buy in Sydney?

Discussion in 'Where to Buy' started by JMica, 24th Jun, 2015.

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  1. timetoact

    timetoact Well-Known Member

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    Thanks Steve,

    Certainly food for thought and looks good in theory.
    Will do some more research into IPs and yield, they would have to be neutral to positively geared at 7% interest rates for us to be able to service the debt for the next 10 years. Given that we will be a single income family soon.

    Also interested in your theory of renting, it kinda goes against the theory of using other people money. It is just another cost that reduces serviceability. Is it not better to be paying interest on a PPOR than rent? Genuine question, not meant to come across otherwise.
     
    timetoact, 25th Jun, 2015
    #21
  2. Tekoz

    Tekoz Well-Known Member

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    Hi Time,

    You can use this calculator:
    [​IMG]

    Source Download: http://www.investmentpropertycalcul...ent-or-Buy-Analysis-Calculator-v1.0.2015.xlsx

    To calculate and predict which one is profitable for your situation.

    Hope that helps.
     
    Tekoz, 25th Jun, 2015
    #22
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  3. King

    King Active Member

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    im still actively looking at inner city. been to 4 auctions and always the 2nd bidder. i can say im every vendors favourite bidder
     
    King, 25th Jun, 2015
    #23
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  4. timetoact

    timetoact Well-Known Member

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    Cheers Tekoz, good spreadsheet.
     
    timetoact, 25th Jun, 2015
    #24
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  5. Tekoz

    Tekoz Well-Known Member

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    No worries, hope that you like it mate ;-)
     
    Tekoz, 25th Jun, 2015
    #25
  6. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    JohnHenry did you look at the spreadsheet I sent you? This one looks like way too overwhelming for anybodysanybody anybody starting out
     
    Property Twins, 25th Jun, 2015
    #26
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  7. JDP1

    JDP1 Well-Known Member

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    I'm a bit confused here looking at the above spreadsheet... ROI= (gain from investment -cost of investment) /cost of investment

    How can the gain be measured if your renting?
     
    JDP1, 26th Jun, 2015
    #27
  8. Tekoz

    Tekoz Well-Known Member

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    yes I have MsAli, It will be my main spreadsheet for calculating my cashflow before making an offer to any IP.
     
    Tekoz, 26th Jun, 2015
    #28
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  9. The Silver Bear

    The Silver Bear Well-Known Member

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    Hey MsAli is there any chance of a copy?
    After a few months of inaction I want to hit 2015/16 running and a simpler version of the spreadsheet appeals so I can compare - particularly as the one you mention seems better for assessing IPs
    Thanks in advance
     
    The Silver Bear, 26th Jun, 2015
    #29
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  10. wombat777

    wombat777 Well-Known Member

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    A good tip is to load a simple cashflow spreadsheet into your smartphone. Allows you to run and tweak the numbers anywhere.

    Can be useful if you are out inspecting properties or your BA calls you up with more details on a property whilst you are out.
     
    wombat777, 26th Jun, 2015
    #30
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  11. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Hi Silver Bear,
    Please drop me a private message and I can email you @monalisa and my s/s...

    Cheers,
    MsAli
     
    Property Twins, 26th Jun, 2015
    #31
  12. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Hi John - Cashflow spreadsheet was tweaked. Have emailed you an updated copy!
     
    Property Twins, 26th Jun, 2015
    #32
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  13. Tekoz

    Tekoz Well-Known Member

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    Many thanks MsAli :)
    You are wonderful.

    All the best for your investing journey ahead.
     
    Tekoz, 27th Jun, 2015
    #33
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  14. The Silver Bear

    The Silver Bear Well-Known Member

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    Thanks for my copy too MsAli.
    As someone said PropertyChat seems to be more than picking up where SS left off :)
     
    The Silver Bear, 27th Jun, 2015
    #34
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  15. ej89

    ej89 Well-Known Member

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    Might hit you ladies up on those spreadsheets if that's ok :)
     
    ej89, 28th Jun, 2015
    #35
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  16. bythebay

    bythebay Well-Known Member

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    By the bay
    Meeee too pleeeease!!!'
     
    bythebay, 28th Jun, 2015
    #36
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  17. Lio83

    Lio83 New Member

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    Anybody know of a good app to download on itunes app store?
     
    Lio83, 4th Jul, 2015
    #37
  18. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    Im sure there are still good deals to those looking hard enough, and some folk have a multi decade timeframe so the purchase might make sense even if it is close to the top of current cycle. Most of my clients seem to have stopped looking in Sydney in the last 12 months and are heading down the south coast from Wollongong to Shoalhaven looking for value, sensible yeilds and proximity to the ocean. Many also looking for small dev sites or reno potential. There are quite a few of them this yr so I would say at least a percentage of those looking in Sydney have turned their gaze elsewhere.
     
    BuyersAgent, 4th Jul, 2015
    #38
  19. larrylarry

    larrylarry Well-Known Member

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    I'm turning my mind to CC and Newy. I think for balance, I should also turn my mind to South Coast. Might need to speak to you @Matt Knight
     
    larrylarry, 4th Jul, 2015
    #39
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  20. carva848

    carva848 Active Member

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    NSW
    Fast forward 2 years, is anyone still actively buying in Sydney today?
     
    carva848, 28th Jul, 2017
    #40
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