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the property investment thread
- Thread starter TrentZor
- Start date
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- Tags
- investment property thread
MikeW
Member
aami
jonnie_sfw
New member
aami for us also
TrentZor
Member
well my trip to Melb subirbs is cancelled.. Looks like over inflated prices and rental yields have screwed it as a investors paradise..
Im heading to tasmania to look at 3 properties worth 180k each
Purchase - 180k
Rental/week - $300
Rental vacancy - 0.3%
Council Rate - $600 year
House first sold for 50k back in 1991
now 180k in 2011. Not the best as compared to sydney.
Doing the maths to see if it neutral geared?
300x52x0.93 = $14508 or $1209 a month
Repayments on 180k @ 6.79% interest = $1,131.81
Rent minus repayments = $78 a month
Factor in water rates and council rates = $0 i pay to maintain that house
I think ive found a positevly geared property.
Once i jack up the rent to $320 .. i will make $1000 a year.
Now times that by 3 properties = $3000 a year passive income..
Might sell when im 50 years old..
expected $1.2 million clear after taking away CGT and other expenses.
Total cost to maintain 3 houses for 15 years?
Less than 500 bux a year.
OK Tassy here i come...
Im heading to tasmania to look at 3 properties worth 180k each
Purchase - 180k
Rental/week - $300
Rental vacancy - 0.3%
Council Rate - $600 year
House first sold for 50k back in 1991
now 180k in 2011. Not the best as compared to sydney.
Doing the maths to see if it neutral geared?
300x52x0.93 = $14508 or $1209 a month
Repayments on 180k @ 6.79% interest = $1,131.81
Rent minus repayments = $78 a month
Factor in water rates and council rates = $0 i pay to maintain that house
I think ive found a positevly geared property.
Once i jack up the rent to $320 .. i will make $1000 a year.
Now times that by 3 properties = $3000 a year passive income..
Might sell when im 50 years old..
expected $1.2 million clear after taking away CGT and other expenses.
Total cost to maintain 3 houses for 15 years?
Less than 500 bux a year.
OK Tassy here i come...
Zdeněk
New member
where in tassie are you planning to do this
Not bad Ceffo.
Although a couple costs I see missing are:
Purchasing costs - Stamps/legals.
Management fee which I'd assume would be a bit higher in Tas.
Maintenance costs, which could be anything, depending on the property.
If you're not struggling for cashflow, I would have thought you'd be aiming more CG rather than yield, to take advantage of negative gearing on your high salary.
TrentZor
Member
Good pick up hulk. 
Ok I forgot my figures above was principal and interest
Reading the maths again inc stamp duty and lawyers fees
Total to borrow is 190k conservative
Interest repayment on 190k is $1068 month or $12816 year
Rent is $1104 month (agents 5% fee included)
Leaving $68
Minus council and water leaves me $2 ROFL
I've decided to buy some neutral or positive geared ones as I dont seem to get the tax breaks I should be getting. Even though your right about negative gearing and high incomes.
The area is Clarendon vale and risdon vale. Ex housing commission houses.
Both are 10km from hobart. So capital growth is there. If they decide to sell parts off to private investors and they make it a "trendy" suburb I foresee the property hitting 500k in 10 years time.
Ok I forgot my figures above was principal and interest
Reading the maths again inc stamp duty and lawyers fees
Total to borrow is 190k conservative
Interest repayment on 190k is $1068 month or $12816 year
Rent is $1104 month (agents 5% fee included)
Leaving $68
Minus council and water leaves me $2 ROFL
I've decided to buy some neutral or positive geared ones as I dont seem to get the tax breaks I should be getting. Even though your right about negative gearing and high incomes.
The area is Clarendon vale and risdon vale. Ex housing commission houses.
Both are 10km from hobart. So capital growth is there. If they decide to sell parts off to private investors and they make it a "trendy" suburb I foresee the property hitting 500k in 10 years time.
Ben
Member
dicko10
New member
Bump
Ok gurus got a hypothetical for you again. Sounded my mum out again for investing she is warming to the idea.
Another scenario:
Looking at 2013 start for this. Why? Final yr uni now, will mainly spend $ on holiday next year.
I expect 60-70K income, Mum will be 70-80K. Mum owns paid off 600K house.
What are the options for buying an investment property with Mum?
-Tenants in common? Joint tenants?
- rent out? However, Mum is pretty keen to move out of our current place (go to a smaller place).
-would i be able to take advantage of any 'first home owner' benefits if im buying with her?
If anyone could throw some ideas around for this it would be much appreciated...
cheers,
Dicko
Ok gurus got a hypothetical for you again. Sounded my mum out again for investing she is warming to the idea.
Another scenario:
Looking at 2013 start for this. Why? Final yr uni now, will mainly spend $ on holiday next year.
I expect 60-70K income, Mum will be 70-80K. Mum owns paid off 600K house.
What are the options for buying an investment property with Mum?
-Tenants in common? Joint tenants?
- rent out? However, Mum is pretty keen to move out of our current place (go to a smaller place).
-would i be able to take advantage of any 'first home owner' benefits if im buying with her?
If anyone could throw some ideas around for this it would be much appreciated...
cheers,
Dicko