Hi Friends,
Wanted to get your inputs to decide buy my first PPOR with 1 kid who will going to primary school in 2016 and both wife and me working in the city
I'm looking at buying
1. New villa in South Seven hills to be completed in Jan - 2 kms from station - around 600k
or
2. 3 bed house in Marayong 1 km from station around 570k with 550 sqms of land.
With the new villa I get stamp duty concession +first home owner grant. But the buying cost is the same for both.
Need inputs for the following
a) Which one will have more capital growth in the future
b) If I decide to convert them into investment property after 6 months. Which one will help me towards Positive cash flow. I think the new property can be used to claim more depreciation?
Thanks in Advance
Wanted to get your inputs to decide buy my first PPOR with 1 kid who will going to primary school in 2016 and both wife and me working in the city
I'm looking at buying
1. New villa in South Seven hills to be completed in Jan - 2 kms from station - around 600k
or
2. 3 bed house in Marayong 1 km from station around 570k with 550 sqms of land.
With the new villa I get stamp duty concession +first home owner grant. But the buying cost is the same for both.
Need inputs for the following
a) Which one will have more capital growth in the future
b) If I decide to convert them into investment property after 6 months. Which one will help me towards Positive cash flow. I think the new property can be used to claim more depreciation?
Thanks in Advance