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The thing I like about this sight is being able to gain so much knowledge from all the contributions. And I now feel it necessary to offer some advice. Being a Tasmanian I have noticed that a few investors are interested in sights in Tassie that us Taswegians would not consider, possibly because the price/rent ratio seems great. Fingal is a very isolated tiny community, I cannot imagine people would be lining up to rent here. So lots of research needs to be done to ensure purchasing in such an area is going to be the right decision. Good luck.[
]Being a Tasmanian I can assure you that the last place I or any thinking person would buy a rental property would be in Clarendon Vale. Every state must have areas that are no go for very good reason and this is Tassies. As far as the general market is, it has simply gone mad and it is true that properties are listed and sold in the one day. So how on earth would an investor check out the property properly, another thing the state Government has been selling off a lot of unwanted housing stock e.g 3-4 bedroom houses, but in the state budget (week before last) announced they we’re to purchase and build 1 & 2 bedroom house/units to ease the demand. At the end of the day this will affect the rental market and although we have had a population increase of some 1000 people when the bubble pops there is going to be a glut of rentals as we saw in the mid 90’s.[
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