Strategies for getting my first property

Discussion in 'Investment Strategy' started by dissimulo, 22nd Jan, 2016.

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

    tavinium Well-Known Member

    Joined:
    10th Oct, 2015
    Posts:
    51
    Location:
    Melbourne
    +1
     
    tavinium, 22nd Jan, 2016
    #21
  2. Adele

    Adele Well-Known Member

    Joined:
    11th Dec, 2015
    Posts:
    210
    Location:
    Melbourne
    Hi @dissimulo

    I'm sure after reading this forum you will have learnt a lot. I think the best thing I can come up with is to know the contracts you are entering and the buying process. :)

    Thoughts:
    1.Make sure you do the Building and Pest inspections for older properties.
    2.Most H&L packages as well as OTP has sunset clause and not subject to finance.
    3.Maybe it's a matter of preference, but I don't see the prospects for apartment in Melbourne for now.
     
    Adele, 22nd Jan, 2016
    #22
  3. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    Some people have suggested not to go with H&L package.
    I would say rather it depends on the area but go with buying land yourself and building the house yourself (i.e. taking a bit of hassle in organising everything).
    Additionally if the locality is good and you see movement around the area that has the potential to trigger good CG then even H&L is good but do it all yourself. And do "Research "
    One bedroom is a definite no no for a first investment.
     
    teetotal, 22nd Jan, 2016
    #23
Page 2 of 2