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Hi Dan
I run a buyers agency in South Australia that looks for positive cash flow properties all over Australia.
I personally have bought 10 properties in the last year but I am doing so in the knowledge that I may not get any capital gain as they are largely in rural areas, although I have by accident got some good capital growth.
Thanks
SimonHi RL
I act as a buyers agent in South Australia and would love to respond to your questions. Please post them here.
Firstly you can choose to pursue either cash flow opportunity in relation to Brisbane or country. What you need to assess is whether you are looking at cash flow and income in the short term or whether you have the ability to fund a potential loss each week and then gain capital gain in say 3-5 yrs.
I myself deal specifically in positive cash flow deals and would encourage you to have a look at both options.
In relation to your other questions about full documentation properties it refers to postcodes and the risks associated with certain areas.
In most metropolitan and large regional areas banks will loan greater amounts in these areas. In some smaller regional areas or areas that are supported by one key industry then clients may not be able to get a lo-doc loan as they are unable to get the same lend.
Regards
Simon
