Purchases in Aus

Discussion in 'Investor Stories & Showcase' started by Jimmy_05, 11th Dec, 2017.

Join Australia's most dynamic and respected property investment community
  1. Jimmy_05

    Jimmy_05 Active Member

    Joined:
    2nd Oct, 2017
    Posts:
    34
    Location:
    Melbourne Florida
    Bought first product in Aus- South East outer ring. 3 bed 1 bath. 425 sqm. 1963 build year. Follows all the fundamentals. Have not decided, but will most likely use it as PPOR as opposed to IP 2 (IP 1 in America). I've posted in the loans section re advice about getting the right loan. Planning on paying it off in 5 years if using it as PPOR so any advice on that is appreciated.

    @The Y-man @Lions4Eva
     
    Jimmy_05, 11th Dec, 2017
    #1
    jefn89, Lions4Eva and Xenia like this.
  2. Lions4Eva

    Lions4Eva Well-Known Member

    Joined:
    25th Jul, 2017
    Posts:
    100
    Location:
    Melbourne
    Congrats mate! Should have a drink to celebrate ;)
     
    Lions4Eva, 11th Dec, 2017
    #2
    Jimmy_05 likes this.
  3. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,527
    Location:
    Melbourne
    Congratulations!

    Offset rather than pay off (effect is same)

    The Y-man
     
    The Y-man, 11th Dec, 2017
    #3
    Stoffo and Jimmy_05 like this.
  4. Jimmy_05

    Jimmy_05 Active Member

    Joined:
    2nd Oct, 2017
    Posts:
    34
    Location:
    Melbourne Florida
    Cheers fellas !
     
    Jimmy_05, 11th Dec, 2017
    #4
  5. jefn89

    jefn89 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    183
    Location:
    Sydney
    The answer is that it depends, not sure on what your question is, the answer to that will change depending on what you're looking to achieve!
    Nice work though and congrats
     
    jefn89, 12th Dec, 2017
    #5
    Jimmy_05 likes this.