Your Latest Purchase

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

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  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    858
    Location:
    Darlinghurst Sydney
    Waratah West is now slowing , Lorna Street house still on the market 4 bedroom for 410k now 2 months.
     
    Darlinghurst Boy, 1st Aug, 2015
    #101
  2. drg86

    drg86 Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    436
    Location:
    Forster NSW
    Yes it has slowed. I got in at a good time.

    Lorna st = Main Road. Are you referring to 114 Lorna? Of course it is sitting on market, small block with a bad st for parking/exiting driveway. No O/O interest so no buyer will be emotional about it to get the asking price.
     
    drg86, 1st Aug, 2015
    #102
    larrylarry likes this.
  3. Phantom

    Phantom Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    2,054
    Location:
    Sydney
    You're right. Sometimes paying land tax isn't a big deal depending on the total land value. If it's a lot and it pushes you way over the threshold then land tax can really hurt. So in that case a trust is a good alternative. But if you've only got a smaller portfolio, not really worth a trust. The accounting and administration fees can really bite too.
     
    Phantom, 1st Aug, 2015
    #103
  4. lightbulbmoment

    lightbulbmoment Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    959
    Location:
    nsw
    What suburb are you in?
     
    lightbulbmoment, 1st Aug, 2015
    #104
  5. baohuy

    baohuy New Member

    Joined:
    28th Jul, 2015
    Posts:
    2
    Location:
    sydney
    For me, bought my first IP in May 2015 4 bd free standing canal front home in Broadbeach Waters Gold Coast.
    I'm thinking of buying again (house, 460-650k,B&H strategy, good CG) and considering Helensvale in GC vs Brisbane around Holland Park region. Thoughts anyone?
     
    baohuy, 1st Aug, 2015
    #105
    Bayview likes this.
  6. drg86

    drg86 Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    436
    Location:
    Forster NSW
    Birmingham Gardens
     
    drg86, 2nd Aug, 2015
    #106
  7. Ramos023

    Ramos023 Well-Known Member

    Joined:
    7th Jul, 2015
    Posts:
    69
    Location:
    Hurstville
    yeah this purchase would be my 4th IP so not too much of a bill 7k approx. id say

    only issue is I want to move out of retail into real estate industry so I may be jobless for a few months so that's a big halt
     
    Ramos023, 2nd Aug, 2015
    #107
  8. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Any further purchases post APRA?
     
    larrylarry, 28th Aug, 2015
    #108
  9. JK200SX

    JK200SX Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    527
    Location:
    Melbourne
    IP3 due to settle in 2 weeks. Post war house on 405sqm block in Wynnum, just on the Manly boundary. East of the railway line and a few hundred metres to either Wynnum Central or Manly train stations, and ~800m to the esplanade and Manly boat harbour. Also close to Wynnum State High School and Manly State School (in its catchment area.)
    Purchase at $401K, should rent $400-410, and looking for long term CG (in summary its probably worst house on one of the better streets in area). At a later date either a knockdown/rebuild, or complete reno. The property adjacent is advertised for >800K.

    Fogot to mention - purchase was sight unseen.
     
    Last edited: 28th Aug, 2015
    JK200SX, 28th Aug, 2015
    #109
    Bayview, R377, mcarthur and 3 others like this.
  10. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Finally went unconditional on the Keperra house today.
    Mein gott.
     
    Azazel, 28th Aug, 2015
    #110
    Bayview likes this.
  11. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    709
    Location:
    Sydney
    Nice one Az! Where abouts in Keperra is it?
     
    Inov8ive, 28th Aug, 2015
    #111
  12. Soul

    Soul Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    94
    Location:
    Melbourne
    Can you share property details. You possibly beat me. I am trying to figure out how to send a personal message on this forum. I need information on two areas in Brisbane.
     
    Soul, 28th Aug, 2015
    #112
  13. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Its up now in devs section :)
     
    D.T., 28th Aug, 2015
    #113
  14. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    Good purchase, at that price it would be not much more than land value.
     
    HUGH72, 28th Aug, 2015
    #114
  15. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    What sort of prices?
     
    larrylarry, 28th Aug, 2015
    #115
  16. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,570
    Location:
    Adelaide, SA
    Haha already read it soon as I got home from work, haven't had a chance to comment. :) thanks for sharing will post on that thread soon
     
    Brady, 28th Aug, 2015
    #116
  17. spludgey

    spludgey Well-Known Member

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    18th Jun, 2015
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    3,523
    Location:
    Sydney
    spludgey, 28th Aug, 2015
    #117
    Bayview, Taku Ekanayake and S.T like this.
  18. larrylarry

    larrylarry Well-Known Member

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    Posts:
    5,392
    Location:
    Sydney
    larrylarry, 28th Aug, 2015
    #118
  19. spludgey

    spludgey Well-Known Member

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    18th Jun, 2015
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    3,523
    Location:
    Sydney
    Not at all, I even inherited a tenant that's definitely cleaner than I am.

    This is actually a place that I could live in for a little while if need be and I can't say that about many of my properties!

    If the tenant ever moves out, I might consider spucing up the kitchen and the bathroom, but currently there's no need.
     
    spludgey, 28th Aug, 2015
    #119
    Taku Ekanayake and larrylarry like this.
  20. Heinz57

    Heinz57 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,977
    Location:
    Paradise
    Algester Queensland 1st July.

    3 units on one title. Now I need to ask Rolf if I can buy anything else.
     
    Heinz57, 29th Aug, 2015
    #120
    larrylarry likes this.
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