buy to let

Old Jan 19th 2007, 5:09 pm
  #1  
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Default buy to let

can any one tell me if they do buy to lets in oz?
as i'm looking into doing properties up and that is what i have done back in the uk

thanks
lew
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Old Mar 17th 2007, 10:15 pm
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Default Re: buy to let

how bout we buy a house and let it to you?
Looking at a 3-bed but could really be a 5 bed, with no lounge - what do you think???
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Old Mar 18th 2007, 2:14 am
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Default Re: buy to let

Originally Posted by lewandkate
can any one tell me if they do buy to lets in oz?
as i'm looking into doing properties up and that is what i have done back in the uk

thanks
lew
They are called investment properties. You can buy them and rent them out but you will not be eligible for the first home owners grant though.
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Old Mar 18th 2007, 5:13 am
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Lightbulb Re: buy to let

Originally Posted by lewandkate
can any one tell me if they do buy to lets in oz?
Yes, of course they do.

I have two such properties myself.

as i'm looking into doing properties up and that is what i have done back in the uk
My mother does this too.

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Old Mar 18th 2007, 5:20 am
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Default Re: buy to let

Originally Posted by lewandkate
can any one tell me if they do buy to lets in oz?
as i'm looking into doing properties up and that is what i have done back in the uk

thanks
lew
Is the Pope Catholic?
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Old Mar 18th 2007, 7:37 am
  #6  
tin
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Default Re: buy to let

Originally Posted by lewandkate
can any one tell me if they do buy to lets in oz?
as i'm looking into doing properties up and that is what i have done back in the uk

thanks
lew
They do but I don't understand how anyone can afford it, our house costs us $1500 a month to rent, but to buy it we'd be paying a mortgage of $2500... Not a very good rental return Of course it would be different if you'd done it a few years ago when houses were cheaper (and from what I can tell rents weren't much lower)....

Martyn
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Old Mar 18th 2007, 10:06 am
  #7  
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Smile Re: buy to let

Originally Posted by tin
They do but I don't understand how anyone can afford it, our house costs us $1500 a month to rent, but to buy it we'd be paying a mortgage of $2500... Not a very good rental return Of course it would be different if you'd done it a few years ago when houses were cheaper (and from what I can tell rents weren't much lower)....

Martyn
It's still possible; you just have to be realistic, and try not to set your sights too high. Start small; finish big, that's my motto.

My wife and I have just bought our second investment property, and I reckon it's pretty good value for money.

You can see it on this thread.

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Old Mar 18th 2007, 12:18 pm
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Default Re: buy to let

All the hundreds of thousands of properties to rent on all the websites and in all the papers are investment properties owned by someone. It's far more common here to own one or two extra properties by the time you retire.

'Buy to let' might be a new-fangled idea in the UK but it's been the standard way for Australians to invest their money for generations.
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