Hope to learn from all of you...

Discussion in 'Introductions' started by Allan Burias, 24th Feb, 2020.

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  1. Allan Burias

    Allan Burias Member

    Joined:
    24th Feb, 2020
    Posts:
    7
    Location:
    Whalan NSW
    Hello all,
    I'm a new investor from Sydney who wants to starr investing in real estate here in Australia. I am looking on rental properties with positive cashflow and potential for capital gains.

    I'm looking forward to learning from all of you.

    Regards .
     
  2. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,348
    Location:
    Mt Druuiitt
    I'll do my best Allan but I can't promise you anything.

    Hang on you're from Whalan. Buy local.
     
  3. Allan Burias

    Allan Burias Member

    Joined:
    24th Feb, 2020
    Posts:
    7
    Location:
    Whalan NSW
    Datto, any insights will be highly appreciated.
     
  4. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,348
    Location:
    Mt Druuiitt
    Yeah, well, perhaps buy local. Maybe Wilmot coz its the cheapest area out there. Or maybe Letho, Tregear, Shalvey.

    You're gonna need $100K saved up to start off I think. You can make decent money out there. Then you can move on to other areas.
     
  5. Allan Burias

    Allan Burias Member

    Joined:
    24th Feb, 2020
    Posts:
    7
    Location:
    Whalan NSW
    @datto Thanks for the tip. Will surely consider your advise to go local initially for capital gains. Saving for the down payment for now while learning from you all. Just a question where is the best place to get population data, employment, vacancies etc?
     
    datto likes this.
  6. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,348
    Location:
    Mt Druuiitt

    G'day Allan. I normally just look at realestate.com.au to get a dashboard style summary of a suburb. eg

    Tregear Property Market, House Prices, Suburb Profile & Investment Data

    But because I buy in the Sydney metro, I'm not worried about population data etc. I mean Sydney is Sydney, but of course everyone has their own style.
     
  7. Travelbug

    Travelbug Well-Known Member

    Joined:
    18th Jun, 2008
    Posts:
    611
    Location:
    Sydney
    Agree with datto. There's some good buying near you. Get to know the areas and which streets to avoid (look for lounges on the verandahs)
    We bought a few ex housing commission places and did renos to gain equity.
    Yield have gone down a bit since the last boom. Rents have been flat for a while (normal after a boom) but should improve soon.