Realestate says that units in Cairns have 10+% rental yield.
http://www.realestate.com.au/invest/1-bed-unit-in-cairns+city,+qld+4870?shd=rental_yield&zoom=12
How is that possible???
It’s too good to be true :)RussianAussie (QLD)
https://www.facebook.com/sanderinozFeel free to write me a message or add me in Facebook to chat about property investing
Hi RA,
Just a couple of weeks back, the forum was discussing a similar subject. Note that the linked thread started about 5 years ago, but take note of the varying comments, including one poster who says “Even if you bought the unit for $1, you could still be losing money!”Are they right? I don’t know – but here is that thread :-
https://www.propertyinvesting.com/topic/4404763-my-steal-of-the-week-20000-cairns-unit-which-vendor-paid-113000-for-rent-160pw/It seems there is little Growth in value – will the Income save the day?
Benny
Realestate says that units in Cairns have 10+% rental yield.
http://www.realestate.com.au/invest/1-bed-unit-in-cairns+city,+qld+4870?shd=rental_yield&zoom=12
How is that possible???It’s too good to be true :)On that link you provided the capital growth was listed as negative 8%.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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