Hope to learn from all of you...

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 .

 

I'll do my best Allan but I can't promise you anything.

Hang on you're from Whalan. Buy local.

 

Datto, any insights will be highly appreciated.

 

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.

 

@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?

 

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.

 

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.