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Discussion in 'Introductions' started by Frazz, 5th Sep, 2015.

  1. Frazz

    Frazz Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    59
    Location:
    Sydney
    Hi everyone,

    Long time lurker (SS & PC) - absolutely love reading the plethora of information provided by everyone in this forum!

    A little bit about me:
    • Live in western Sydney,
    • Work in Sydney CBD,
    • No ownership of any property (...looking to change that by the end of the year :)),
    • I enjoy playing ice hockey and love music.
    A little bit about my short-term investing goals:
    • Looking to buy in Brisbane (Syd too expensive for me!),
    • Continue to rent in Syd while (hopefully) obtaining capital growth on Brisbane property,
    • Eventually (4-5 yrs) look to buy a PPOR in Sydney (dependant on Syd market and Bris property CG).
    Looking forward to continue reading and conversing with you all! :D

    Cheers,
    Daniel
     
    Last edited: 5th Sep, 2015
    Esh and WattleIdo like this.
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,595
    Location:
    Adelaide, SA
    Hi and welcome
    Get buying :)
     
  3. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Welcome aboard Daniel @Frazz :)

    Sounds like a solid plan and a big year for you.

    What's the budget for Bris? House/townhouse/apartment?
     
  4. Frazz

    Frazz Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    59
    Location:
    Sydney
    Thanks D.T. and Steven.

    Budget for Bris would be maxing out around the 450k range. My preference is for a house, however not ruling out a townhouse or apartment if the numbers stack up. Still trying lock down areas to focus in on!
     
  5. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Lots of options for houses in that price range @Frazz :)

    Is good cashflow important or a secondary consideration to capital growth?
     
  6. Frazz

    Frazz Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    59
    Location:
    Sydney
    Good to hear @Steven Ryan! :)

    I'm predominately after capital growth and am OK if cashflow is not great. Would be fantastic to have both... :D
     
  7. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    I wish you luck narrowing down your options to a few suburbs. You have plenty to chose from!
     
  8. Redom

    Redom Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    863
    Location:
    Sydney (West) and Canberra
    Sounds like a good plan @Frazz (and welcome!)

    IMO a smart move to look outside of where you live, particularly given the stage of the market in western Syd.
     
  9. Frazz

    Frazz Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    59
    Location:
    Sydney
  10. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,394
    Location:
    Mt Druuiitt
    Frazz I thought you were a chick till I noticed the beard. lol.

    Good to see you live in Western Sydney.
     
    Frazz likes this.
  11. Frazz

    Frazz Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    59
    Location:
    Sydney
    Just saw this now! Haha, yes I actually live in Minchinbury. Noticed you live nearby!
     
  12. datto

    datto Well-Known Member

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    Posts:
    1,394
    Location:
    Mt Druuiitt
    Minchinbury? Well I'm the poor cousin lol. Minch just had a property sold at 960k I hear.
     
  13. MsAli

    MsAli Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,147
    Location:
    Sydney, Australia
    Welcome Frazz. Congrats on your decision to take charge of your financial future. Agreed Sydney is peaking now and it will be a good time to buy once it plateaus. Brissy has the rental return. Though no one has a crystal ball.

    Edit...plenty of options in your budget in Brissy!!
     
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  14. larrylarry

    larrylarry Well-Known Member

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    3,507
    Location:
    Sydney
    Welcome @Frazz sounds like a plan.
     
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  15. Frazz

    Frazz Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    59
    Location:
    Sydney
    Thanks guys!

    Haha, wow that's crazy! Must have been a decent property.
     
  16. datto

    datto Well-Known Member

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    23rd Jun, 2015
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    Location:
    Mt Druuiitt