Forum Replies Created
Thanks xdrew,
Interesting comments!Engelo, Yes, I guess many people would like to borrow $380,000 at 7%, then collect $600-$650pw while paying around $510pw interest. Do you know how to spend around $380,000 and get $600-$650pw rent? Is it secretive or can you share?
I've noticed a few houses for sale for around $400,000 and only being rented out for around $300pw. I can never work out why people hang on to those type of houses. Why don't they sell and buy something with better returns?
Hi Bomberboy. So you're saying the further you go from the hub (I guess you mean Maroochydore?), the harder it is to get a decent rental income? I still image renting out both updatirs and downstairs for $200 each per week is very possible and would still bring in around $400 a week. With this in mind, I'm interested in what others think about buying a house for $379,000 (or less if the price can be negotiated) that can get $400/week rent? If anyone has bought a city apartment or residential house in Australia recently, I'm interested to hear how the comparisons?
I've just read on a news website that Brisbane people have lost confidence in government etc which has in turn reduced prices in South-East Queenland making it a good place to buy. In addition to that, the tourism slump has further reduced prices on the Sunshine Coast which is why I think that area has potential at the moment.
