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  • Profile photo of DanziMDanziM
    Member
    @danzim
    Join Date: 2009
    Post Count: 3
    January 5, 2009 - 8:55 am
    bennettvend wrote:
    Hi,

    I have bought 7 units instead of 3 and have never regreted.

    I have found Cairns market to be better for 1 Bedders.

    With the yield you are talking about, I would go for the 2.

    I have the same view Bennett. The market for budget 1 bedroom units in my opinion here is large and booming. The fact i can still buy them for under $100,000 is quite amazing however i feel the fact they are a very simple design built with cheaper materials allows for a higher temporary yield, but a cheaper purchase price.

    This is exactly what im looking for.

    Profile photo of DanziMDanziM
    Member
    @danzim
    Join Date: 2009
    Post Count: 3
    January 5, 2009 - 8:51 am
    C2 wrote:
    Are the 2 smaller ones in the same block?

    How much is the BC  on both situations 2 v 1 property.

    Having 2 gives you the option to sell one if needed and still have an IP.

    Thanks for the reply, they arent on the same block, however 1 street apart. Would you agree that units within the same block be better purchases? Sorry not with your lingo yet, so BC and IP arent understood.

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