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Discussion in 'Introductions' started by Erida, 30th Jan, 2016.

  1. Erida

    Erida Member

    Joined:
    31st Aug, 2015
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    Location:
    QLD
    Hi all,

    I've been reading SS and PC for a while. I'm new to the property investment, hope to buy the fist IP in the next few months. Didn't post anything here as all questions I had have been asked and answered already (some of them a few times :)), so I'm just keep reading and learning. Thank you for sharing your knowledge here!
     
    MsAli, Gockie, ellejay and 2 others like this.
  2. Sonamic

    Sonamic Well-Known Member

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    Location:
    Sunny QLD
  3. JacM

    JacM VIC Buyer's Agent Business Member

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    Location:
    Melbourne, Australia
    Welcome ! Glad you are finding lots of useful information on this forum :D
     
  4. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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    Location:
    Perth WA
    Is it me you're looking for?
     
    bob shovel likes this.
  5. bob shovel

    bob shovel Well-Known Member

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    Somewhere in the land of Oz
    I can see it in your eyes
     
  6. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Canberra and Sydney
    Welcome aboard :)

    Cheers

    Jamie
     
  7. neK

    neK Well-Known Member

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    I can see it in your smile
     
    bob shovel likes this.
  8. monalisa

    monalisa Well-Known Member Premium Member

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    Sydney
    Welcome Erida

    Where are you looking to buy?

    What is your strategy?
     
  9. Erida

    Erida Member

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    31st Aug, 2015
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    Location:
    QLD
    You're all I've ever wanted :rolleyes:
    Sorry guys, it's pretty hard to be creative with a subject of the intro post :p
     
  10. Erida

    Erida Member

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    Location:
    QLD
    Thanks!
     
  11. wylie

    wylie Moderator Staff Member

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    Location:
    Brisbane
    Welcome aboard. Where are you thinking of buying? IP or PPoR?
     
  12. Erida

    Erida Member

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    31st Aug, 2015
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    Location:
    QLD
    Thank you, monalisa.

    Brisbane seems to be a place to go shopping at the moment. It's also easier for me as I live here. I'm going to buy and hold and see how it goes :)
     
  13. Erida

    Erida Member

    Joined:
    31st Aug, 2015
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    Location:
    QLD
    Thank you, wylie.

    Hopefully it will be Brisbane, IP.
     
  14. neK

    neK Well-Known Member

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    Sydney
    Its ok, our arms are open wide. :p
     
    Erida likes this.
  15. bob shovel

    bob shovel Well-Known Member

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    Somewhere in the land of Oz
    It is, singing helps :)

    Good starting strategy! Step 1 - buy! Learn as you go

    Brokers and budgets now
     
    Erida likes this.
  16. monalisa

    monalisa Well-Known Member Premium Member

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    Location:
    Sydney
    Hi Erida

    Sounds like a plan :)

    What type of a property will you be looking to buy? What are your negotiables / non-negotiables?
     
  17. Erida

    Erida Member

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    Ideally I'd look for a house under $350k (can't afford higher price range due to serviceability and even $350k seems to be a bit challenging :( ). If it doesn't work I'll look at units closer to CBD or houses in cheaper areas.
     
  18. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Wait a sec.... you haven't bought an IP as yet but you say serviceability for even a $350k purchase is an issue? Have you run it past a good broker?
     
  19. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Location:
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    Welcome @Erida. You're in the right place. There's quite a bit of discussion about Brisbane at the moment, and a load of people buying and who have been buying there to share their thoughts and experiences.

    $350k is plenty to buy into the Logan or Morteon Bay areas. Quite a number of my clients are choosing to buy in the $300-$350k price bracket despite being able to purchase at much higher price points.

    Unless you want to spin your wheels for years, I'd avoid buying a unit near the CBD. :)
     
  20. Erida

    Erida Member

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    Location:
    QLD
    Yes, I have. Their advice was that $300k would be more realistic. So I'm saving as mad to stretch it a bit with a higher deposit.

    You probably would be even more surprised to know that we don't have any other debts, except of 1 CC with 5k limit on it :) The reason for the serviceability issue is 1 income while I'm on maternity leave + 3 kids. Such a shame to have quite a bit of equity in PPoR and not to be able to use it at the moment.