I wholeheartedly agree Micheal. Plus, most of my holdings are in Sydney, which is exciting stuff.
That's exciting Skater, you should be in for some great times ahead I reckon..
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I wholeheartedly agree Micheal. Plus, most of my holdings are in Sydney, which is exciting stuff.
The only difference, is the asking price on this new one is $46,000 more than I paid I thought I got a fantastic deal but not by that much - it will be very interesting to see how this one goes. Even more so at this time of the year.
Thanks a lot everyone for all your positive comments.
I still have my property alerts set up online and received an email alert a couple days ago for a property that has just come onto the market.
It is located in the same complex I just settled on in Sydney. The property is identical to mine with only one Villa between us.
The only difference, is the asking price on this new one is $46,000 more than I paid I thought I got a fantastic deal but not by that much - it will be very interesting to see how this one goes. Even more so at this time of the year.
Hi Santa, can you post the link?That's wired because I just checked Domain.com.au out and the one that looks similar to the pics you have posted is priced cheaper at $339000, whilst yours went for $353,000?
Yeah weird......
And not challenging you or anything, but if the above 2 links are from the same complex, then I'd be asking questions about why there is a mass sell off - as there are only 10 (i think) residences in that place.
Ok, query sorted, I phoned the REA. It is a typo (blaming the junior) and I dont think the agent is too competent. Both the email alerts sent and the online internet prices are advertised wrong. I am now told the asking price is $350k... but give it time as that may even change ha ha
Tells me its also rented with a lease just signed. Looking online it's advertised at $370 p/w.
could you pls give a bit more info on the cashflow aspects of your strategy - presumably it also expects/ requires ongoing growth in rents (aligned with the expected 7 - 8% CG pa), in order for the portfolio to be CF+ by year 10 (assuming you are buying NG properties along the way)? and this allows you to afford to be able to borrow back up to 80% of one IP for your living expenses after Year 10 (whilst enjoying your early retirement!)?
Another Villa in the same Sydney complex went on the market last week, asking $36,000 more than I paid when I settled on it 3 months ago.
Just checked its sale status and its now shown as Under Contract.
Identical villa, just the floor plan is mirror image.
Interesting times.
Another Villa in the same Sydney complex went on the market last week, asking $36,000 more than I paid when I settled on it 3 months ago.
Just checked its sale status and its now shown as Under Contract.
Identical villa, just the floor plan is mirror image.
Interesting times.
Hi Rixter,
Any further recent updates on how this areas has been performing?
Have you picked some easy Cap Growth also with the Sydney market ?