Hi there
I am planning to invest in property market in queensland. I can afford to invest about $230K inculding bank loan. Just wondering what areas would be good area in QLD around Brisbane. I was thinking of Deception Bay. Any suggetions please. I dont have any equity at the moment. I am renting in Sydney.
Adrolia,
This is by no means financial advice. But for that price you could pick up a nice new townhouse in or around Mount Gravatt that would rent for around the $250 a week mark. Wouldn’t be CF +ve, but would be a nice yield and a good potential growth area.
You get good deductions on its being new too.
I’m looking at doing just that myself in the next few months or so…
Cheers,
Michael.
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