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We bought our first house in Southport (gold coast) for $350k (3bed x 1bath, 600sqm block) 1 year ago and have just rented it out for $470 per week. C$+
there are a couple for sale in our area (gone up around $30k) for the same price… Does anyone rate this area and would it be a good investment for me to buy my second property in the same suburb or is too risky being not diversified/all chips in one basket..?be honest!
IP Lead Gen | EMBR Group - Lead Generation
http://www.embr.com.auInvestment Property Lead Generation, SEO, adwords and email marketing
Unfortunately there are too many “Wealth creation” companies out there who disguise themselves as traditional ‘financial planners’. Truthfully they are just straight property spruiking.
Unfortunately property investment in Australia is not regulated as a ‘financial product’ under ASIC.
If they are just selling property, thats fine they are real estate agents, but if they are claiming ‘wealth creation’ then I would be skeptical because you need an Australian Financial Services License (AFSL) regulated under ASIC to provide ‘financial/wealth advice’.If there is one small thing misleading, then usually the whole thing is misleading.
best of luck!
IP Lead Gen | EMBR Group - Lead Generation
http://www.embr.com.auInvestment Property Lead Generation, SEO, adwords and email marketing
