Your Latest Purchase

Discussion in 'Investment Strategy' started by MTR, 17th Jul, 2015.

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  1. HUGH72

    HUGH72 Well-Known Member

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    I agree, you probably made 50k on purchase price straight up without even considering that the market is coming to life there.
     
    HUGH72, 18th Jul, 2015
    #41
  2. HUGH72

    HUGH72 Well-Known Member

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    Diversifing and buying under value- sounds like a solid strategy to me
     
    HUGH72, 18th Jul, 2015
    #42
  3. DaveM

    DaveM Well-Known Member

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    Location:
    Adelaide & Sydney
    Latest settled was a house in Tranmere in SA in January. This is the 5th development site I am holding for future development. I have a pair of houses being developed in Adelaide currently near DT's.

    Recently exercised an option on a CIP to be held in my SMSF, should settle in a couple of months
     
    DaveM, 18th Jul, 2015
    #43
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  4. clint05

    clint05 Well-Known Member

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    24th Jun, 2015
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    Location:
    Brisbane
    Settling in September on a 3bed 1bath post war in Bardon Qld on 640m2 for $450,000. Needs a Reno.
     
    clint05, 19th Jul, 2015
    #44
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  5. Gockie

    Gockie Life is good ☺️ Premium Member

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    Older house on almost flat 809sqm Birkdale Brisbane Qld. 1km walk to station. Should settle in a week.
    Water views. Needs a reno. All for 490k. :)
     
    Gockie, 19th Jul, 2015
    #45
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  6. HD_ACE

    HD_ACE Game-Changer

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    Perth
    You confident youll be able to hold off for the entire 5 years? I know when I look at plans and start coming up with ideas I want it NOW!!!:) especially for a ppor.
     
    HD_ACE, 19th Jul, 2015
    #46
  7. Reno Crazy

    Reno Crazy Well-Known Member

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    April 2015 - Ivanhoe (Melbourne) 2 bedroom unit that came with a very long term tenant (20 + years) who is happy to accomodate cosmetic renovations. :)
     
    Reno Crazy, 19th Jul, 2015
    #47
    Bayview likes this.
  8. Brady

    Brady Well-Known Member

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    More details of the tranmere purchase? Really like the potential of tranmere/rostrevor area. Good school zone, large blocks, really really nice suburbs close by.
     
    Brady, 19th Jul, 2015
    #48
  9. sanj

    sanj Well-Known Member Premium Member

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    Wembley is a nice spot and prices in the area are pretty low atm, congrats!
     
    sanj, 19th Jul, 2015
    #49
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  10. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I haven't bought anything in 6mths eeek! lol
    I have the ball rolling for another small purchase in SMSF just waiting for term deposits to mature.
     
    Westminster, 19th Jul, 2015
    #50
  11. Coota9

    Coota9 Well-Known Member

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    And the eventual rent increase also??
     
    Coota9, 19th Jul, 2015
    #51
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  12. Chilliblue

    Chilliblue Well-Known Member

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    Location:
    Australia
    Settling this Tuesday on a property that adjoins another currently held in Nowra CBD making one large parcel of flat developable land to yield a combined 6.9%.

    Unfortunately had to pay the full ask on this second one in order for it not to hit the open market but the yield is good enough for me considering that the purchases are essentially land banking.
     
    Chilliblue, 19th Jul, 2015
    #52
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  13. wombat777

    wombat777 Well-Known Member

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    On a Capital and Income Growth Safari
    Intending to buy again in Brisvegas once I secure a tenant for my first IP. Waiting to next apply for finance once a lease is signed.

    Might then diversify elsewhere.
     
    wombat777, 19th Jul, 2015
    #53
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  14. JenW

    JenW Well-Known Member

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    Perth, WA
    Hahaha well, we will be held back in our excitement by a distinct lack of cash in the intervening time period :D
     
    JenW, 19th Jul, 2015
    #54
  15. Reno Crazy

    Reno Crazy Well-Known Member

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    The rent wasn't quite 1995 prices and will need adjustment. ;)
     
    Last edited: 19th Jul, 2015
    Reno Crazy, 19th Jul, 2015
    #55
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  16. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    In the meantime get lost in the world of Pinterest for finding and storing ideas
     
    Westminster, 19th Jul, 2015
    #56
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  17. MTR

    MTR Well-Known Member

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    Omg, is rent low, not gone up in 20 years? Just wondering:)
     
    MTR, 19th Jul, 2015
    #57
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  18. Gibson

    Gibson Well-Known Member

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    29th Jun, 2015
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    Location:
    Sydney
    Settling at the end of this month on a 2bed 2 bath 1car newish (8 yr old) unit in Annandale, Sydney $740,000. CF neutral. Hope to hold for the medium to long term.
     
    Gibson, 19th Jul, 2015
    #58
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  19. JDP1

    JDP1 Well-Known Member

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    Brisbane
    At the face of it, sounds good to me. Bardon is a great area. The price seems good for 640sqm.
     
    JDP1, 19th Jul, 2015
    #59
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  20. Reno Crazy

    Reno Crazy Well-Known Member

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    Vic
    Not that bad, about $40 per week under what my PM thinks is market rent. But I think the bond was, my PM collected paperwork from previous PM on settlement and it was $150.
     
    Reno Crazy, 19th Jul, 2015
    #60
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