Quality and quantity - my experience

I commenced my property investment journey in 2009 basically, and prior to that I was a typical housewife - wanting to pay off home loan and having a debt free life...

Fortunately, my bachelor degree in Economics woke up in time in mid 2009 - after GFC, I knew property price in Sydney was going to hike shortly. Therefore in June 2009 I quickly snapped a house at $890k.  
 Current market valaue should be around $1.5m and I am not goint to sell it at all. 
 weekly rental is $1000 with bills included.

 I moved in this new house after it was settled and I rented out the other house we used to live in (value in 2009 was around $600k).
Then in 2010 I bulit a granny flat at the back yard, which increased the value of the house dramatically. 
Current value of that house is around $1.2m
weekly rental $950, bills not included

 In late 2012, I almost bought a couple of properties in USA - Ohio and Florida. However I didn't like the feeling of 'out of my control' and I held back. 
I knew property price was going to go up again in Sydney. I did some research and found it was so hard to get one close to train station with a back yard for me to build another granny flat. Therefore I adjusted my expectation and in Jan 2013 I secured a four bedroom brick veneer house with 740 sqm land size, price $652k. I did some renovation and rented out at $590/w. In one year I cashed out more than $80k for business purchase...
Current value $850k
weekly rental $590 - property manager suggested increasing rental twice already and I rejected. Good tenant is more important..

In August last year, I purchased a business package including two small properties...current value should be more than $750k...

I have been paying close attention to property investment forums in both Australia and wenxuecity, I find some people can so easily fall in the trap of quantity.  I personally know some people in Sydeny tend to buy a few off-plan properties and feel very good about themselves.. 
For me quality is way more important than quantity in terms of property investment, in particular considering the high dealing costs in Sydney.
So far I have been relying on my instincts...I am still learning, partially from successful people here...:)
 

I shall keep improving...

所有跟帖： 

• 佩服！ 那里的游戏规则好像和美国有很大差异。房子多了总有不理想的 -QinHwang- ♂ (0 bytes) () 03/09/2014 postreply 19:35:24

• I just realised I made it: from $600k to $4.3m in 5 years. -SydneyFair- ♀ (130 bytes) () 03/09/2014 postreply 19:50:34

• Well done-:D -firefly2000 - ♀ (0 bytes) () 03/09/2014 postreply 19:54:41

• Thanks - you did well and easily - a much higher level... :) -SydneyFair- ♀ (0 bytes) () 03/09/2014 postreply 20:01:04

• What's interest rate? Are you able to cover cost on $652k with w -硅谷码夫- ♀ (0 bytes) () 03/09/2014 postreply 19:58:24

• fixed rate 4.59%; variable 4.73% --- it is getting even lower fo -SydneyFair- ♀ (63 bytes) () 03/09/2014 postreply 20:00:04

• Thanks for the info. -硅谷码夫- ♀ (0 bytes) () 03/09/2014 postreply 20:59:06

• well done. thanks for sharing. -加国的枫叶红了- ♂ (0 bytes) () 03/09/2014 postreply 21:20:30

• from $600k to $5.3m in five years actaully including business va -SydneyFair- ♀ (464 bytes) () 03/09/2014 postreply 21:27:29

• 真聪明。 你这么短时间就可以切入商业地产， -b52.- ♂ (607 bytes) () 03/10/2014 postreply 08:30:21

• 承您吉言。可能算不上商业地产，是居住物业管理生意，办公室算是商用 -Sydneyfair- ♀ (0 bytes) () 03/10/2014 postreply 15:26:37

• 这样的文章让人欣赏。 -b52.- ♂ (805 bytes) () 03/10/2014 postreply 08:25:12