Buyers Agent Toowoomba?

Discussion in 'The Buying & Selling Process' started by Brett Rutledge, 12th Jul, 2018.

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  1. Brett Rutledge

    Brett Rutledge Member

    Joined:
    6th Jul, 2018
    Posts:
    10
    Location:
    Brisbane
    Hey guys,
    I a pretty green to investing but I have been looking into the toowoomba market s it matches the capital I have at the moment which is a bit cheaper and it is low on the property clock at the moment. I have been researching a lot on the area but is there a buyers agent or invester etc. that has good knowledge that can help out a new investor with some inside information on the area?

    Thanks guys much appreciated.
    Brett (Brisbane, Qld)
     
  2. JosephR

    JosephR Member

    Joined:
    14th Aug, 2018
    Posts:
    9
    Location:
    NSW
    Hi Brett,
    Have you decided what investment strategy you'd like?
    I'm assuming that as you have a low capital, you would be following a positively geared strategy.
    I have inside information about these areas and more but you really should focus on the method of finding out the info yourself.
    A safe way to start would be following the basic 3 metrics of property investment.
    1. Vacancy Rates - an average subset 3% (Vacant 1.1 weeks per year)
    2. Capital Growth - Foretasted 5%+.
    3. Rental Yield - A % that will give you a positively geared property with NO holding costs (Rent covers rates and any other cost). $20 to $30 a week in your pocket for your first IP.
    As a guide (Very simplified) - a 5.5% will give you a neutral IP and above should start pushing positive. (90% LVR + LMI . 88% TOTAL)

    I'm being very generic with the examples as I don't know your capital and serviceability.
    I'm to delve further if you message me. (Discussing financial specifics in public is not a good idea:))
    Cheers,
    Joseph.