I’m still learning- most likely tht I am missing something. Anyway was figuring that this sort of rent would cover interest only repayments (considering interest rates don’t rise). Just did some checks with the real estate:
body corporate- $1382
water rates- $418
council rates- $399.

So definately not as good as I thought.
Thank you!

Michelle Wickes

What is the 11 second rule?

Michelle Wickes

Thanks for your advice everyone. One unit I have found is only 20 Sqr metres (tiny) and is on a lease with a motel group. Cost is $155,000 with rent paying about $200/week.
Does anyone have experience with leases with motel chains?
Cheers,
Cozi

Michelle Wickes

Hi,
Im’m a Canberran and can recommend some good suburbs. Inner north and Inner south are the best eg. Campbell, Yarralumla, Deakin and Forrest.
Belconnen, Woden, Weston Creek and Tuggeranong zones are fairly average.
Gungahlin (where I am) has a lot of new houses going up, but the older suburbs are pretty good, eg. Harcourt Hill,…[Read more]