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blingbling81
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@blingbling81
Join Date: 2008
Post Count: 9
March 15, 2010 - 3:53 am
blingbling81 wrote:
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 land
thanks for al your feedback guys! what i mean is in the first house for $80000 it is positivly geared and i can get 2 of these for the price of one $160000 house which means 2 eggs not one i can sell one at any time and i can afford to sit on it because it isnt costing me an arm and a leg where as the other property will cost me more with average return i will have to pay more limiting my lending for better investments but i just wanted too see what everyone said as its a hard decision thank you keep them coming, by the way im talking about dirinbandi and stgeorge which mind you just went under water haha
blingbling81
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@blingbling81
Join Date: 2008
Post Count: 9
December 15, 2009 - 4:55 am
dont just take i opinion as i have looked out there and oakey and if you can secure a positive cash flow property then y not, you need to ask yourself if you are after capital gains or rental return? you can ask as many questions about a suburb but when it comes down to it you need to invest in what u think suits ure posittion as everyones is different
blingbling81
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@blingbling81
Join Date: 2008
Post Count: 9
December 9, 2009 - 5:22 am
its a tough subject isnt it. if it says i cant claim investment on vacant land then theorecticaly it isnt vacant land with a bilboard and an income which exactly describes an investment so im not sure how to structure it . very confusing also i have an investment property in gympie which is rented the first week in jan, i heard i can claim the difference of rent and also rates is this true? does it combine with my payg annual salary? thank you for your help this site is great ive been on for about 2 weeks and learnt so much!