澳洲Australia property What can I do with this equity | Sydney
在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo
Awesome forum, I read it for hours and stay up way too late. I was hoping to get some advice, I am having some "analysis paralysis".
- I have a 3 bed modern townhouse in Canberra (value 515k, owes 290k, rented @ 520/wk) CF+ on PI loan. Approx 110k equity accessible.
- I have 12 months rent free in my parents' place when I get back.
- Income circa 80k.
The Canberra property already has "safe growth", so my goals for this next IP are:
- Strong growth potential.
- Mostly looks after itself, so that my personal income is free to buy a cheap PPoR with my girlfriend when we get kicked out of the parents' place.
Would I be better off to split the available equity into two halves, put one half into an investment, then that leave the other half free for a deposit on a cheap PPoR place?
Any suggestions with how best to utilise the equity appreciated.