QLD Cut losses and sell logan Property ??

Discussion in 'Where to Buy' started by yoyo_guitarist, 5th Jul, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 4 of 4
  1. Tanya1335

    Tanya1335 Well-Known Member

    Joined:
    16th Apr, 2017
    Posts:
    176
    Location:
    Logan City
    It is covering it self, the LVR% is now approximately 85% and you have an extra $20,000 in equity. 4x2x2 are renting for $400 and upwards per week, especially if it has 2 living areas, our agency has several 4 bedders in the neighbouring suburb of Loganlea renting from $400-$430. Time to increase the rent! You have done the hard work, increase the rent, reinvest the positive cash flow to reduce the loan for at least another 12 months then use the equity to buy again.
    $370,000-$380,000 would be a close estimate for sale price, then you will loose $$ in commissions to sell and purchase. Waterford West has good infrastructure in the immediate area, Griffith University, Logan Hospital, TAFE, railway station, good public transport, the new Woolworths shopping centre, easy access to the M1 & Logan motorway
     
    Tanya1335, 8th Jul, 2017
    #61
  2. Antoni0

    Antoni0 Well-Known Member

    Joined:
    6th Jul, 2017
    Posts:
    1,822
    Location:
    Birisbane
    If it's got Air Con, I would expect around $420 no worries.
     
    Antoni0, 8th Jul, 2017
    #62
    Tanya1335 likes this.
  3. yoyo_guitarist

    yoyo_guitarist Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    410
    Location:
    Sydney
     

    Attached Files:

    yoyo_guitarist, 10th Jul, 2017
    #63
  4. yoyo_guitarist

    yoyo_guitarist Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    410
    Location:
    Sydney
     

    Attached Files:

    yoyo_guitarist, 10th Jul, 2017
    #64
  5. yoyo_guitarist

    yoyo_guitarist Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    410
    Location:
    Sydney
    Hey mate I was looking at Lot 245 at redlands Estate Werribee Estate, Its selling $196,500, anticipated settlement around March 2018. Size in 10.5 x 28 296 SQM in total.

    What do you think of this one? Done some ringing around and this one seems pretty reasonable.
    Supprised it hasn'r sold so makes me wonder ?
     
    yoyo_guitarist, 10th Jul, 2017
    #65
Page 4 of 4
Property Tax Specialists - Beat the Oct deadline

Price Accounting are a leading tax service for your property + tax issues. Contact Paul@PFI for property focussed tax services using our client portal access, digital signing and checklist based approach for best pricing. Free client pack included.