NSW Where would you buy in Sydney now if you could get 1m loan?

Discussion in 'Where to Buy' started by htopg, 1st Sep, 2015.

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  1. htopg

    htopg Well-Known Member

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    I got multiple IPs in low price brackets.
    My friend who just owns a PPOR in Asquith actually got more CG than me for past 3 years.

    Did you gent out 2 out of 3 bedrooms of your PPOR?

    Lenders are increasing interest rate for investment loans.
    I think that granny should be able to offer me some protection.

    Did you talk from experience?
     
    htopg, 1st Sep, 2015
    #21
  2. htopg

    htopg Well-Known Member

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    Buy now or buy in 2019?
     
    htopg, 1st Sep, 2015
    #22
  3. sash

    sash Well-Known Member

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    Buy know and cry all the way to the bank in 2019...or buy in 2019 and smile all the way to the bank.

    The choice is yours.

    As one said wealth transfers from the impatient to the patient...
     
    sash, 1st Sep, 2015
    #23
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  4. Sackie

    Sackie Well-Known Member

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    How on earth are you going to contain your enthusiasm for unit devouring for the next 4 years....:D
     
    Sackie, 1st Sep, 2015
    #24
  5. sash

    sash Well-Known Member

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    By buying anywere but Sydney...then sell down in those states and move to Sydney...the mortgagee/unsettled apartment sales are going to be interesting....
     
    sash, 1st Sep, 2015
    #25
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  6. Sackie

    Sackie Well-Known Member

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    'Interesting' is one way to put it. :) All the vampires will be coming out at the scent of blood....
     
    Sackie, 1st Sep, 2015
    #26
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  7. DanW

    DanW Well-Known Member

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    Yes my first PPOR I rented out 2br

    Yes I invested equity from it in 2 properties, before I moved out of it.

    For the granny comment - don't focus too much in interest rate. I think @Leo2413 idea about multiple properties may be better.
     
    DanW, 1st Sep, 2015
    #27
  8. htopg

    htopg Well-Known Member

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    I take your point.
    So basically, get out of Sydney now and come back in 2019 in the form of a vampire.
     
    htopg, 1st Sep, 2015
    #28
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  9. Sackie

    Sackie Well-Known Member

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    The problem is many of the Syd markets are at the top of the cycle. You cant get a good deal that way and buying well is really important, especially if you want to build fast. Other states offer more value, less risk in general.
     
    Sackie, 1st Sep, 2015
    #29
  10. sash

    sash Well-Known Member

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    Any form of carrion eater will do.....
     
    sash, 1st Sep, 2015
    #30
  11. skuzy

    skuzy Well-Known Member

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    how about out west toward camden narrellan oran park?
     
    skuzy, 2nd Sep, 2015
    #31
  12. RyanB

    RyanB Well-Known Member

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    This is NOT what you want to do!
    If you have 400k cash you are letting your cash devalue in the back at 2.5%
    Diversify your investments, Put it in your offset account if applicable? Research other states? Dont just sit there!
     
    RyanB, 2nd Sep, 2015
    #32
  13. sash

    sash Well-Known Member

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    Yeah mate....I know...but I am lazy......but of course there is always Qld whilst one is waiting for Sydney to prime. ;)
     
    sash, 2nd Sep, 2015
    #33
  14. Inov8ive

    Inov8ive Well-Known Member

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    ermington
     
    Inov8ive, 2nd Sep, 2015
    #34
  15. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Parramatta satellite suburbs
     
    Property Twins, 2nd Sep, 2015
    #35
  16. sash

    sash Well-Known Member

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    Go ahead at your own peril Sind1....these suburbs have gone up way too much!!;)
     
    sash, 2nd Sep, 2015
    #36
  17. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Yeh I was just answering the OP. I didn't say that I would at this point in time :D. It's in our benefit to be spruiking the Parra region :D
     
    Property Twins, 2nd Sep, 2015
    #37
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  18. neK

    neK Well-Known Member

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    http://m.domain.com.au/listing/2012151687

    I believe this place sold for $560k last week.

    Do you think that's an acceptable price for this area? Would have thought it would go for more, but I haven't been looking at the black town market
     
    neK, 2nd Sep, 2015
    #38
  19. Scott No Mates

    Scott No Mates Well-Known Member

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    is that blue board or blue asbestos?
     
    Scott No Mates, 2nd Sep, 2015
    #39
  20. sash

    sash Well-Known Member

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    I love it...a Sind Spruiker...
     
    sash, 2nd Sep, 2015
    #40
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