I have $1m and nowhere to live - Buy & rent or Invest?

Discussion in 'Investment Strategy' started by Frank Manno, 15th Apr, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. Frank Manno

    Frank Manno Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    444
    Location:
    Sydney
    That commodore sounds enticing lol


    -Frank
     
    Frank Manno, 16th Apr, 2017
    #21
  2. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    I'm thinking 2 houses in the Druitt. One PPOR, the other is for the son in a few years time but you can rent it out in the mean time. Did I mention it was in the Druitt?
     
    datto, 16th Apr, 2017
    #22
    Frank Manno likes this.
  3. Frank Manno

    Frank Manno Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    444
    Location:
    Sydney
    Mt Druitt? I'm hearing that area is moving up in the world. Interesting.

    -Frank
     
    Frank Manno, 16th Apr, 2017
    #23
  4. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    Hang on Frank, I'm only joking LOL.
     
    datto, 16th Apr, 2017
    #24
  5. Frank Manno

    Frank Manno Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    444
    Location:
    Sydney
    No really I heard on talk back radio some property expert was saying that Mt Druitt is an area that investors are keeping an eye on right now.. Not kidding. :)


    -Frank
     
    Frank Manno, 16th Apr, 2017
    #25
  6. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    It is indeed interesting. I have substantial proof that investors are still buying units there which are close to 5% yield. Not possible anywhere else in Sydney at the moment.
     
    hash_investor, 17th Apr, 2017
    #26
  7. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    Yeah well I have invested out there but to live there MAY take a little getting used to.
     
    datto, 17th Apr, 2017
    #27
  8. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Pro tip - when the local kids invite you for a cocktail party... politely decline
     
    DaveM, 17th Apr, 2017
    #28
    datto likes this.
  9. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    You should know a "Molotov" is not the latest trendy drink, so a Druitt cocktail party may end up getting you a record. :)
     
    dabbler, 24th Apr, 2017
    #29
  10. Mumbai

    Mumbai Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,216
    Location:
    Melbourne
    This is probably your first post where you mention 'joking' but are pretty serious :)
     
    Mumbai, 24th Apr, 2017
    #30
    datto likes this.
  11. Gockie

    Gockie Life is good ☺️ Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,786
    Location:
    Sydney
    A bit like when I was trying to use a rhetorical question about a year ago to a newbie Forumite with the same kind of question, she asked should she buy here in Sydney.
    Who wished they purchased in Sydney
    I replied saying do you think houses in Epping and Eastwood NSW would be 2.5m in the middle of this year?..... And ummm... I feel she took my answer seriously. :oops:

    Crazily I think it has gone up a couple of hundred K since I posed that question... Not to 2.5mill though.
     
    Last edited: 24th Apr, 2017
    Gockie, 24th Apr, 2017
    #31
    datto likes this.
  12. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,517
    Location:
    Sydney
    Factor a share market correction in and the LIC may not be wise vs property where you seem to rely on current equity to be capital stable
     
    Paul@PAS, 26th Apr, 2017
    #32
  13. LisaGreen

    LisaGreen New Member

    Joined:
    24th Apr, 2017
    Posts:
    4
    Location:
    Sydney
    Last week I saw a duplex in Merryland the price is 900K
     
    LisaGreen, 26th Apr, 2017
    #33
Page 2 of 2