Hi All
This is my 1st post and I am after some advise on what I should do next:
My current situation
Bought off the plan unit in Liverpool Sydney end of 2013 for $369k due for completion end of this year and looking at todays value of new similar units in Liverpool it should be worth around 440k-450k upon completion
Mid last year bought 3 bedroom townhouse in Coomera Qld for 235k returning $330 rent per week property is 14years old.
Mid last year bought 3 bedroom villa at Woodridge Qld for $193k returning $290 rent per week property is over 30 years old.
The above properties were all purchased from equity from my primary place of residence with 20% deposits from the equity loan
I have just released another 100K equity loan from Primary place of residence and ready to go again.
I have my mind set on the Logan region again as the yields are still good with good CG prospects.
I really want to get a house so I have some land in my portfolio and not sure weather to get 1 newer house in the mid to high 300k's with approx yield of 6-6.5% or if I should be looking at getting and older style cheaper house with a potential higher yield but obviously this will have less depreciation than a newer house.
So if buying newer the bottom line after depreciation I think would be similar to an older property with higher yield?
The other option is to buy 2 cheaper units or townhouses but I am pretty keen to add a house to the portfolio.
The end result I want to make the most of the 100k equity loan I have available and need whatever I buy to be neutral or positive.
Any advise would be greatly appreciated.
Cheers
This is my 1st post and I am after some advise on what I should do next:
My current situation
Bought off the plan unit in Liverpool Sydney end of 2013 for $369k due for completion end of this year and looking at todays value of new similar units in Liverpool it should be worth around 440k-450k upon completion
Mid last year bought 3 bedroom townhouse in Coomera Qld for 235k returning $330 rent per week property is 14years old.
Mid last year bought 3 bedroom villa at Woodridge Qld for $193k returning $290 rent per week property is over 30 years old.
The above properties were all purchased from equity from my primary place of residence with 20% deposits from the equity loan
I have just released another 100K equity loan from Primary place of residence and ready to go again.
I have my mind set on the Logan region again as the yields are still good with good CG prospects.
I really want to get a house so I have some land in my portfolio and not sure weather to get 1 newer house in the mid to high 300k's with approx yield of 6-6.5% or if I should be looking at getting and older style cheaper house with a potential higher yield but obviously this will have less depreciation than a newer house.
So if buying newer the bottom line after depreciation I think would be similar to an older property with higher yield?
The other option is to buy 2 cheaper units or townhouses but I am pretty keen to add a house to the portfolio.
The end result I want to make the most of the 100k equity loan I have available and need whatever I buy to be neutral or positive.
Any advise would be greatly appreciated.
Cheers
Advise on what to do next
