just wondering if anyone is investing in rural towns as im looking at a positive cashflow property but need some advice as if it is worth it in the long run with litle capital gains in the areaa. its $80000 and rents for $150 wk but 9% growth where as i have found another one for $160000 and renting for $200 wk but 12%growth which would be better in the long run?
thank you im only new to this and have 1 rental and a block of landIt really depends on the situation. For instance, let's say the one with the 12% growth is in a town that exists only because of one company. What if that company goes bust or shifts its premises elsewhere? Jobs in the town would be wiped out, and noone would have reason to live there. Then your house would be worth squat….
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
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