What will you buy for $200k (borrowing)

Discussion in 'What to buy' started by JohnPropChat, 22nd Mar, 2016.

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  1. Mick Butterfield

    Mick Butterfield Well-Known Member

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    Or even in the Bega Valley
     
    Mick Butterfield, 23rd Mar, 2016
    #21
  2. Johann_

    Johann_ Well-Known Member

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    The best advice you can give to your friend is this, if he or she is expecting a baby, I would focus on saving and saving more and creating a buffer to cover existing investment property. There is no point just trying to buy anything... Studio unit not a great idea...
     
    Johann_, 23rd Mar, 2016
    #22
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  3. JohnPropChat

    JohnPropChat Well-Known Member

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    Sssssssh :)
     
    JohnPropChat, 24th Mar, 2016
    #23
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  4. JohnPropChat

    JohnPropChat Well-Known Member

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    Sent him a link to this thread - no interpretations.
     
    JohnPropChat, 24th Mar, 2016
    #24
  5. bob shovel

    bob shovel Well-Known Member

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    I see you edited your posts where you called him a ******** ;)... jokes

    Concentrate on the baby, you don't want to be trying to buy an ip with a crazy pregnant wife ;) especially if it's the first, hold on big daddy!
     
    bob shovel, 24th Mar, 2016
    #25
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  6. Ted Varrick

    Ted Varrick Well-Known Member

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    Your friend might consider, in addition to the above helpful suggestions, getting a second job...
     
    Ted Varrick, 24th Mar, 2016
    #26
  7. Eugene82

    Eugene82 Well-Known Member

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    I'd agree with the people saying that getting into another IP is not a great idea in your friends situation. Going from 2 incomes down to 1 is a tough gig anyway, and on top of that increasing the debt...
     
    Eugene82, 25th Mar, 2016
    #27
  8. TobyRichardson

    TobyRichardson Active Member

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    Don't get a studio apartment around Perth with the aim of getting CG.
    Land appreciates, buildings depreciate. Money spent on apartments is 90% spent on the depreciating building and 10% spent on the appreciating land.
    Other reason is the over supply in these areas.

    If they're positively geared with secure leases, then it would be a great idea to buy while he still can.
     
    TobyRichardson, 25th Mar, 2016
    #28
  9. JamesP

    JamesP Well-Known Member

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    On the note of Eurobodalla how about Merimbula? Or Lakes Entrance!! Many homes are that price range in Lakes Entrance.

    Note: You'll never sell it though as the supply in these areas far outweighs demand
     
    JamesP, 25th Mar, 2016
    #29
  10. D.T.

    D.T. Specialist Property Manager Business Member

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    Would rather stick to metro area than country!
     
    D.T., 25th Mar, 2016
    #30
  11. bob shovel

    bob shovel Well-Known Member

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    How is the vacancy rates and yields down there?
     
    bob shovel, 30th Mar, 2016
    #31
  12. Rich2011

    Rich2011 Well-Known Member

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    Still some good buying in Logan, very early 2's you can be lucky to get a house, saw one sell at auction today, nice quiet street, short walk to the Logan Central shops. Deals are out there...
     
    Rich2011, 30th Mar, 2016
    #32
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  13. Azazel

    Azazel Well-Known Member

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    Strange nickname, if you've ever visited it should be Adel-crapperthancanberra-aide.
     
    Azazel, 30th Mar, 2016
    #33
  14. bob shovel

    bob shovel Well-Known Member

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    Really!?? That's the craziest thing I've read today, you could be in the running with DB and FL if that continues :D
     
    bob shovel, 30th Mar, 2016
    #34
  15. Chilliblue

    Chilliblue Well-Known Member

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    Chilliblue, 31st Mar, 2016
    #35
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