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Lurker, finally posting

Discussion in 'Introductions' started by JBe, 7th Jun, 2016.

  1. JBe

    JBe Member

    Joined:
    14th Jul, 2015
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    Location:
    Sydney
    Hi all,

    I have been reading SS and property chat for some time now and have found it a great resource. I have found a great buyer's agent, broker and pest guy all through this forum, along with lots of knowledge. Thought it best if I actually make a post or two and see if I can contribute something as I slowly get some experience.

    I am from Sydney, bought my first property (IP) last year in Brisbane using a buyers agent. Now it has come time to buy a PPOR in Sydney for the family.

    Given Sydney prices it might be a while before I get any more IPs but I do hope to do so in the future.

    Will continue to read and hopefully throw a couple of posts around and get involved.
     
    EN710 likes this.
  2. wylie

    wylie Moderator Staff Member

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    Welcome JBe :)
     
  3. Xenia

    Xenia Adelaide Property Manager Business Member

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    Location:
    4/136 The Parade Norwood, South Australia
    Hi JBe
    Good to see you finally came out ;)

    Looking forward to more interaction with you.
    X
     
    MTR likes this.
  4. Bayview

    Bayview Well-Known Member

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    Mornington Peninsula
    Have you considered buying a PPoR in Sydney, but rent it out for a few years (up to 6 years before any GCT kicks in if you ever sell) and rent somewhere yourself until the prices settle, then move back into the PPoR and buy another IP??
     
    Last edited: 7th Jun, 2016
  5. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Welcome @JBe. What area of Sydney are you looking for the PPOR? :)
     
  6. Jerry O

    Jerry O Well-Known Member Premium Member

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    NSW / Melbourne
    welcome aboard JBe! guess i'll be seeing you around then. ;)
     
  7. JBe

    JBe Member

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    14th Jul, 2015
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    Location:
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    Thanks for the warm welcome guys!

    We are looking to buy upper north around Thornleigh, Westleigh, Normanhurst area. Looking for some stability for the kids so aim to pick something and live in it for a loooong time :)

    Haven't looked at renting it out but unlikely to, want to move in and make it home.

    Certainly very different looking for a ppor compared to trying to find IP. I haven't even seen the Brisbane property we bought... completely emotionless
     
    Last edited: 7th Jun, 2016
    Xenia likes this.
  8. MsAli

    MsAli Well-Known Member Premium Member

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    @JBe - hear the market has been crazy there....I guess it has been in most places in Sydney.

    Agree, PPOR is a much more difficult decision. Will come down to your buying power and willingness to compete in this market.

    You will find the right one though. Personally, it helped to have a really clear criteria on the negotiables and non negotiables. When you see the right deal it will be quick.
     
  9. Azazel

    Azazel Well-Known Member

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    Gday @JBe , welcome aboard.
    Where abouts in Brisbane did you buy your IP?
     
  10. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Welcome aboard @JBe :)

    Cheers

    Jamie
     
  11. JBe

    JBe Member

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    Location:
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    Picked one up in Everton Hills. Didn't feel like a bargain, market was competitive at the time but it rented straight away and yield is at 5% so pretty happy with it so far.
     
  12. Azazel

    Azazel Well-Known Member

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    Good stuff.
    Is there any scope for developing there in the future? Everton Hills reduced their minimum block size I think.
     
  13. JBe

    JBe Member

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    Interesting, I wasn't aware. Block is about 700sq so not very much to play with
     
  14. Gockie

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

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    Welcome @JBe. Feel free to come to our North Ryde meetup, you'll find it in the meetups section! :)

    Ps. The Upper North should do well as the new M1-M2 link will take the trucks off Pennant Hills Rd. I really love the green leafiness of Westleigh, and Thornleigh and Normanhurst are also quite leafy and has the convenience of train services.
     
    Last edited: 9th Jun, 2016
  15. JBe

    JBe Member

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    Yes we love Westleigh, it is quiet and leafy as you say. It feels safe and the kind of environment we want to raise the little ones in. It does lack easy train access which makes it cheaper than Thornleigh/Normanhurst, and there are less investors to compete with. So hopefully we can pick up a nice little family home within budget. :)

    That northconnex tunnel can't come soon enough. I commute pennant hills road every day.... it is the bane of my existence :mad:. I am sure it is aging me prematurely.
     
  16. Gockie

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

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    As long as they don't do something like they did to Epping Rd when they introduced that tunnel and turn a perfectly decent three lane road into a one lane road... :mad::mad: