Where would you buy for yeild?

Discussion in 'Where to Buy' started by Sackie, 27th Oct, 2016.

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  1. neK

    neK Well-Known Member

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    Done!
    Give me the money and ill organise. Will take about 6 months, to source and build. :p
     
    neK, 27th Oct, 2016
    #41
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  2. bob shovel

    bob shovel Well-Known Member

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    What's the person's reasoning or idea for buying?

    Have they considered a term deposit? :cool: 900k @ 3% will get 520pw

    Or buy this
    22 Hudson Street Seven Hills NSW 2147 22 Hudson Street Seven Hills NSW 2147 - House for Sale #123809966 - realestate.com.au
    700pw potential.

    Has the ripple maxed out up the hill yet? Blue mtns is still sydney
    First one i found :) stayz place? Or airbnb swingers pad?
    58 Boronia Road Bullaburra NSW 2784 58 Boronia Road Bullaburra NSW 2784 - House for Sale #123947762 - realestate.com.au


    .....this person isn't your wife is it? ?
     
    bob shovel, 27th Oct, 2016
    #42
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  3. Sackie

    Sackie Well-Known Member

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    lol! shes 70 plus!
     
    Sackie, 27th Oct, 2016
    #43
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  4. WattleIdo

    WattleIdo midas touch

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    Is your advice free? I'd refund and opt out. Redirect to FP.
     
    WattleIdo, 27th Oct, 2016
    #44
  5. Sackie

    Sackie Well-Known Member

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    Definitely not lol
     
    Sackie, 27th Oct, 2016
    #45
  6. Sackie

    Sackie Well-Known Member

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    Of course, its a friend, nothing to do with money.
     
    Sackie, 27th Oct, 2016
    #46
  7. Sackie

    Sackie Well-Known Member

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    Thanks @Mick Butterfield. Another poster PM me just then to say very similar to you mate.
     
    Sackie, 27th Oct, 2016
    #47
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  8. Sackie

    Sackie Well-Known Member

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    I appreciate all the advice guys, it looks like dual occ of some sort, or really just tell her to look at other states for yield (which I have already tried). I'll just walk away after that I think as per others advice.
     
    Sackie, 27th Oct, 2016
    #48
  9. Big Will

    Big Will Well-Known Member

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    Are you sure she isn't your wife :p

    I don't know Sydney so cant really help for it but it would likely be a duplex or granny flat for maximum cashfrow. However as you are well aware there is little improvements that can be made besides renovating or knocking it all down and starting again (which isn't really feasible).
     
    Big Will, 27th Oct, 2016
    #49
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  10. Sackie

    Sackie Well-Known Member

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    @Big Will all @bob shovel fault for suggesting it!

    But yeah I totally agree with you re some type of dual income or gf if in syd...that's the best she can hope for it looks like. Other states would be much better...[/USER]
     
    Last edited: 27th Oct, 2016
    Sackie, 27th Oct, 2016
    #50
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  11. Scott No Mates

    Scott No Mates Well-Known Member

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    She might pick up a regional block of flats/villas for that money.
     
    Scott No Mates, 27th Oct, 2016
    #51
  12. Sackie

    Sackie Well-Known Member

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    Another good idea.
     
    Sackie, 27th Oct, 2016
    #52
  13. Brady

    Brady Well-Known Member

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    If it wasn't something I believed in myself it's something I wouldn't help with.
     
    Brady, 27th Oct, 2016
    #53
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  14. Sackie

    Sackie Well-Known Member

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    I think this is the path I will take tbh. I have already told her to find someone else who can help her more with what she wants but she didn't want anyone else. But I think I will insist on it.
     
    Sackie, 27th Oct, 2016
    #54
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  15. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    She could probably get higher than that very shortly. Wait 6 months and investors will be falling over themselves to pay her for her money.
     
    Jess Peletier, 27th Oct, 2016
    #55
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  16. Big Will

    Big Will Well-Known Member

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    I would look at Brisbane right now for balance of yield and CG, pick something further out like Logan and you should do okay from a yield perspective. That house I told you about through PM was likely 550k Advertised price and rent would be 480-500 pw (contract value I had was less than advertised but had issues).

    You can find some stuff in Melbourne but they are not desirable locations and being 70 I don't think she would be wanting to have issues with tenants.

    Melbourne -
    79 Almurta Avenue, Coolaroo, Vic 3048 - Property Details - 480k sale total rent ~540 pw

    Or Brisbane
    26 Radius Street, Wynnum, Qld 4178 - Property Details - 515k sale rent ~470 - no dual living but on over 600m2.

    Logan
    2 Kokoda Street, Beenleigh, Qld 4207 - Property Details - 910k - rent ~1,040 pw rent - corner block with 942m2 land - 4 units (I know she said not a unit but this is a whole block!).
     
    Big Will, 27th Oct, 2016
    #56
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  17. Sackie

    Sackie Well-Known Member

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    Become a personal banker at 70 plus. Love it :)
     
    Sackie, 27th Oct, 2016
    #57
  18. Sackie

    Sackie Well-Known Member

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    @Big Will thanks for taking the time to show me those examples mate.
     
    Sackie, 27th Oct, 2016
    #58
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  19. Sackie

    Sackie Well-Known Member

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    Others have mentioned Eagleby and Salisbury LGA.
     
    Sackie, 27th Oct, 2016
    #59
  20. Big Will

    Big Will Well-Known Member

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    The house I PM you about a couple months ago would of rented 480-500 pw. Just a shame it had underpinning issues (wasn't accounted for in the price)... It is under contract, AGAIN for the 4th time IIRC. This is BCC territory but you can get it pretty close to being CF+ (with 100% borrowing) and still be well located properties.
     
    Big Will, 27th Oct, 2016
    #60
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