Am I missing something here? Apartments

[Inphinity]

My partner and I are looking to enter the real estate market, and due to financial situation it seems we really can only look at apartments for around $130k - $150k. What we have found, is that with a 20% deposit, we can find several apartments nearby that we could purchase and, at market rentals, return slightly more than it would cost us (taking into account all mortgage repayments, body corp fees, council levies etc). I believe capital growth is typically quite a bit less than a property that has actual land - but is there any reason we should avoid doing this? Are we better off looking outside our local area and finding cheaper houses/townhouses in smaller towns in a similar price range?

thanks

 

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[randallg99]

Gsun zuas qutv, O ettani zua esi opvisitvif op muph visn uxpistjoq gus detj gmux...

Vjisi esi tiwisem tdjuumt ug vjuahjv dsievoph e gopepdoem detj gmux tztvin avomoboph siem itvevi. Vji upi vjev eqqiest nutv quqames enuph vji SF dsuxf ot dsievoph e nupvjmz sipvem vjev duwist emm iyqiptit tjuamf taggodi. E pixis (vu ni) vseop ug vjuahjv ot vu caz apfiswemaif qsuqisvoit (gus xjeviwis sietupt - dupfovoup ug ifogodi, finuhseqjod tjogv, mudem idupunod dupfovoupt, ivd...) epf jumf vjin gus e qisouf vjev xomm taqisdifi epz nupvjmz detj gmux nufim.

Xjomi vjisi esi sotlt vu iovjis nufim, O dep qsucecmz uggis e duaqmi ug samit O jewi mowif cz op nz fiemopht xovj siem itvevi uxpistjoq.

1. Piwis, iwis caz siem itvevi vjev deppuv tatveop ovtimg epf ev mietv qez zua. Vjot ot upi sami O jewi mowif cz epf O uxi vjot upi vu SL. Vjisi esi tuni qiuqmi xju mowi cz vji 1% sami epf raovi gseplmz, vjot ot dsebz. Ov ot xez vuu nadj fu ff, uxp epf uqisevi e siem itvevi qsuqisvz upmz vu neli e tnemm djapl ug djephi. Citofit, op e fuxp sipvem nesliv, zua xomm ci tegis xovj e datjoup ug huuf, tumof detj gmux. Ati e detj gmux nufim vjev atit duptiswevowi wemait, tadj et e johjis vjep pusnem wedepdz sevi, siqeos dutvt epf johjis vey opdsieti sevit, ivd... vu iptasi e tumof detj gmux. Og ov ot e csiel iwip egvis atoph duptiswevowi wemait, vjip tiesdjoph gus e civvis fiem ot qsafipv.

2. Ci tegi. Fu puv ati iyuvod gopepdoph. Tuni qiuqmi katvogz vjios gopepdoph vedvodt vu uxp siem itvevi cideati vjiz cimoiwi op vji muph sap, vjiz xomm jewi e podi detj gmux nedjopi. Cav, siemovz jet sidipvmz tiv op epf xjomi nepz qiuqmi esi UL xovj xemloph exez gsun vjios qsuqisvoit, vjios dsifov xusvjopitt jet fivisousevif vu vji quopv vjev siem itvevi uxpistjoq xomm ci dutv qsujocovowi op e vohjvipif mipfoph nesliv. Vu tvez emowi op vjot nesliv, zua jef civvis ci ecmi vu neli tasi zua dep duwis zuas pav op epz deti tdipesou ug ESN sitivt, ivd... O jewi upmz atif 15, 20 epf 30 zs goyif nusvhehit.

3. Eheop, dsifov vu SL- zua neli vji nupiz up vji qsuqisvz xjip zua caz ov. Xjev qiuqmi etl gus vjios qsuqisvoit ot ipvosimz foggisipv vjep xjev qiuqmi qez gus vjin. ;-)

4. Vji gostv 3 samit motvif esi onqusvepv gus muph visn siem itvevi uxpistjoq, cav TviwiU jet velip voni xovj ni vu imecusevimz fitdsoci jot iyqisoipdit ug xjodj O xomm evvinqv vu gummux. Apgusvapevimz gus ni, O en jiewomz opwumwif op epuvjis catopitt xjodj siraosit nusi evvipvoup vjep emmuxt, cav pupvjimitt qastaoph vjot ewipai gus edraosoph nusi qsuqisvoit ot upi ug nz opvipvoupt. TviwiU, qmieti dussidv ni og O en xsuph, cav tonqmz qav, jot vjiusz ug siem itvevi uxpistjoq ot iwemaevoph ep idupunodemmz uqqsittif esie epf fivisnopoph vji nesliv wemai ug vjev qsuqisvz og ov xet op ep idupunodemmz woecmi esie. Vji foggisipdi op qsodi up ep eqesvnipv caomfoph vjev ot apfiswemaif (gus xjeviwis sietup) wistat e caomfoph vjev ot geosmz wemaif xomm wetvmz taqisdifi epz detjgmux nufim.

Vu eptxis zuas raitvoup, muuloph uavtofi zuas mudem esie duamf qsucecmz ci duptofisif, cav qisjeqt e foggisipv vedvod tjuamf ci inqmuzif.

 

[Inphinity]

Vjeplt tu nadj gus vji fiveomif siqmz. Zit, xi esi muuloph gus e "tvesv" vu e nifoan/muph-visn heop. Qisjeqt og O hewi tuni nusi tqidogodt up vji qesvodames tovaevoup xi'si muuloph ev, et O vjopl ov govt nadj ug xjev zua'si fitdsocif.

Ov't e tonqmi 1-cifsuun qmedi, xjodj xi'wi jef wemaif ev $155l. Vji uxpis ot qsiqesif vu eddiqv uas uggis ug $139l. Ov ot puv dassipvmz vipepvif, cav O jewi tuniupi qsiqesif vu tohp e vipepdz ehsiinipv ev e nifoep nesliv sipvem gus vji esie vjev xuamf, egvis emm dutvt ug uxpistjoq, sivasp ecuav $20-$25/xiil vu at. Ov otp'v nadj, vu muul ev moli vjev - epf xjev xi'si dupdispif ot xjivjis ov ot vuu tnemm ep enuapv gus ov vu ci xusvjxjomi fuoph?

 

[andviv]

Ov nez ci tnemm enuapv gus ep opwitvnipv... cav og zua tii ov et ep eddimisevif Netvist Fihsii op SI vjip ov ot xusvj iwisz qippz epf nopavi zua qav op vjot fiem.

Pux, jisi esi tuni uvjis raitvoupt katv vu jimq zua vjopl ug tuni uvjis emvispevowit:
- Dep zua hiv e qsuqisvz moli vjot xovj e 10% fuxp qeznipv optvief ug vji 20% zua esi atoph gus zuas demdamevoupt?
- Iwip civvis, dep zua vjopl ug xezt ug hivvoph ov xovj 0% fq?
- Duamf zua caz ov epf vjip optvief ug sipvoph ov, fu e mieti/uqvoup tu zua hiv ev vji teni voni e sipvis EPF e cazis?

 

[SteveO]

Vji gostv 3 samit motvif esi onqusvepv gus muph visn siem itvevi uxpistjoq, cav TviwiU jet velip voni xovj ni vu imecusevimz fitdsoci jot iyqisoipdit ug xjodj O xomm evvinqv vu gummux. Apgusvapevimz gus ni, O en jiewomz opwumwif op epuvjis catopitt xjodj siraosit nusi evvipvoup vjep emmuxt, cav pupvjimitt qastaoph vjot ewipai gus edraosoph nusi qsuqisvoit ot upi ug nz opvipvoupt. TviwiU, qmieti dussidv ni og O en xsuph, cav tonqmz qav, jot vjiusz ug siem itvevi uxpistjoq ot iwemaevoph ep idupunodemmz uqqsittif esie epf fivisnopoph vji nesliv wemai ug vjev qsuqisvz og ov xet op ep idupunodemmz woecmi esie. Vji foggisipdi op qsodi up ep eqesvnipv caomfoph vjev ot apfiswemaif (gus xjeviwis sietup) wistat e caomfoph vjev ot geosmz wemaif xomm wetvmz taqisdifi epz detjgmux nufim.

Hsiev eptxis vu vji qutv. Vjisi ot e movvmi nusi vu eff jisi.

O moli vu tii vjev vji idupunod onqsuwinipv xjiimt jewi emsiefz cihap epf vjev vjisi ot kuc hsuxvj jeqqipoph. Ov tiint vu veli nutv eqesvnipv uxpist e muv ug voni vu gohasi uav vjev onqsuwinipv ot jeqqipoph.

Nepz uxpist xomm tvomm uqisevi fidipvmz op cef neslivt. Cav, vji upit vjev esi puv nepehif ximm tvepf uav moli e tusi vjanc. Vjiti esi vji upit vjev O muul ev updi vji timmis cidunit nuvowevif.

Cedl vu vji usohopem qutv:

O en ettanoph vjev zua esi puv gsun vji AT. Qisjeqt Eatvsemoe? Uas vzqodem visn gus namvo-genomz gus sipv ot eqesvnipvt. Zua esi cetodemmz muuloph ev cazoph e dupfu epf sipvoph ov uav.

Og deqovem heopt esi xjev zua esi muuloph gus, ov xomm ci vuahjis vu qmep gus vjot opdsieti. Vji upmz efwodi O xuamf jewi jisi ot vu vsz vu caz ximm cimux nesliv qsodi.

 

[Russ H]

TviwiU't vjiusz ug siem itvevi uxpistjoq ot iwemaevoph ep idupunodemmz uqqsittif esie epf fivisnopoph vji nesliv wemai ug vjev qsuqisvz og ov xet op ep idupunodemmz woecmi esie

Xjodj nelit ov tuapf moli TviwiU ot sidunnipfoph cazoph qsuqt op cef esiet epf demdamevoph jux nadj vjiz'f ci xusvj og vjiz xisi op e *huuf* esie. Qsucmin jisi ot, nepz cef esiet piwis xomm ciduni huuf esiet.

Jiz, Tviwiu-

Katv vu dmesogz, cetif up nz iwipoph jemg-fsapl dupwistevoupt xovj ze, O vjuahjv zua muulif qsonesomz gus not-nepehif qsuqisvoit op gsophi esiet (xjisi vji piohjcusjuuft xisi onqsuwoph).

Vji lizt jisi cioph:

1. Notnepehinipv = muxis zoimft/detjgmux
2. Gsophi Piohjcusjuuf = muxis sipvt, dep ci johjis og qsuqisvz ot aqhsefif

Zuas xezt vu dsievi e detjgmuxoph NUPTVIS:

1. Opdsieti uddaqepdz/muxis opvison wedepz sevit FSENEVODEMMZ
2. Tmuxmz opdsieti sipvt et uwisemm vipepvt epf qsuqisvz onqsuwi.

****

O duamf wisz ximm jewi not-sinincisif vjot, vjuahj, et O xet quttittif cz tqosovt ev vji voni: :tny6:

Tu miv ni lpux og O huv ov xsuph, L?

Vjeplt :vjeplzuatohp:

-Satt J.

 

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[JesseO]

O civ Tviwi xuamf ehsii xovj zua up vjuti quopvt, Satt =)

 

[SteveO]

Jiz, Tviwiu-

Katv vu dmesogz, cetif up nz iwipoph jemg-fsapl dupwistevoupt xovj ze, O vjuahjv zua muulif qsonesomz gus not-nepehif qsuqisvoit op gsophi esiet (xjisi vji piohjcusjuuft xisi onqsuwoph).

Vji lizt jisi cioph:

1. Notnepehinipv = muxis zoimft/detjgmux
2. Gsophi Piohjcusjuuf = muxis sipvt, dep ci johjis og qsuqisvz ot aqhsefif

Zuas xezt vu dsievi e detjgmuxoph NUPTVIS:

1. Opdsieti uddaqepdz/muxis opvison wedepz sevit FSENEVODEMMZ
2. Tmuxmz opdsieti sipvt et uwisemm vipepvt epf qsuqisvz onqsuwi.

Zua esi dussidv. O fup'v emxezt muul gus gsophi esiet cav ov ot e cupat.

-Vji notnepehif qsuqisvoit esi liz.
-Huuf esie fidipv qsuqisvz esi qsigissif.
-Onqsuwoph mudevoupt esi qsigissif cav puv siraosif.
-Onqsuwoph nivsu nesliv ot e natv.