Any advice for this sitaution:
I'm trying to get my mum to make some investments. All she does is save into a normal savings bank accounts (that's one step better than me mind you - im at uni making about 15k a year lol).
She is 53, a secure job as school teacher, makes about 70k pa. Has a ~600k house paid in full.
What property investment might she be able to do...?
Any advice would be greatly appreciated...
Any of gents want to elaborate?
Any of u gents know how to look for deceased/mortgagee homes from websites? (bank repossessed). There so cheap!!
What do you guys think of studio apartments as a 1st time investment? Im looking at some that are selling brand new for around 130 and a search in the area shows them to be returning 190-200 in rent. They are close to uni and public transport.
Commercial investing is more risky.
GST is involved.
What do you guys think of studio apartments as a 1st time investment? Im looking at some that are selling brand new for around 130 and a search in the area shows them to be returning 190-200 in rent. They are close to uni and public transport.
im not really sure what i can afford right now the studio apartments just sorta caught my eye when i was browsing realestate.com.au
anyway i might as well post up my situation and see what you guys think:
12 months ago my partner and i bought our first house for 488,000. we owe 357,000 on the mortgage and have a combined income of around 120,000 per annum, we have no debts although we are about to pay off a wedding next march which we should break even on and i would like to invest around 20-30K next year on tools and equipment for my job which will allow me to increase my income possibly even starting my own business, the money for these tools can be borrowed interest free from our parents as they have already offered. is property investment a good option for us in the future?
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