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#41
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Buying land and building is the best way to increase your equity in today's high property market....eg. buy land in a growth suburb @ $200k, build a decent home finished for about $180K (You will have to put in a lot of work yourself here to get it finished...eg painting, landscaping etc...) - Total $380K. Once finished it could be worth as much as $550 and wallah EQUITY. It helps tremendously if you have some sort of deposit for you first home as it will only make the above equation even better. |
#42
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What just happened to my last post?????
For some reason my post count has started working again!!! What tha |
#43
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#44
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No im wondering for investment property is it better house or apartment, because the capital growth on houses does not increase much anymore so im thinking to get cheap apartment and concentrate on rental income, am i right?
And just want to get ideas from all of u, does more tenants choose 1,2,3 or 4 bedroom nowadays? |
#45
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first home owners non-investment (technically speaking) go for apartment cause thats all you can afford. If you want to invest big time, go for a house not apartment.....if there's a demand for apartements, the boys with the big $$ will just put up more apartments. Real acpital gain comes from 4x2 Houses...in leafy suburbs where you can raise 4 kids. |
#46
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Apartments have a life span, and also include strata costs etc - but can be good for quick return, if u buy right - but as said above they are flooding into the market right now. Soil is a no loose scenario BUT you must educate yourself with the suburbs that will have further growth vs the ones that have already experienced decent growth and values have now plateaued. Best way to educate yourself is immerse yourself in the suburbs of interest, inspect houses/sub divisions and get a feel for the market and the rate of sales in the area. Soil is better than money in the bank.
__________________
www.racewars.com.au |
#47
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__________________
www.racewars.com.au |
#48
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So true, thats exactly why im starting off with an apartment...cozi cant afford a house, im hoping that the purchase of an apartment will assist me in getting into the housing market later down the track, im lucky ive got my old man to help me through it all, his an accountant so his knowledge helps a fair bit. |
#49
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Woooo hooooo!!!!
This is a big win for first home owners. As it should be. http://www.thewest.com.au/default.as...ontentID=28348 Who's happy? |
#50
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Yes No Stamp Duty up to $500 000 is a good thing for us first home buyers... pitty im in no position to buy a house!
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advice, firsthomebuyers |
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