wren10 replied to the topic Good deal? in the forum Help Needed! 13 years ago
Hi EdmundSt
I don’t consider an investment property to be a good deal unless the rental return (pw) is equal to the purchase price (minus the zeros) so for example, if you purchased the property for $295k, I would want to be confident of receiving at least $295 pw rent. There are plenty of areas in Australia that fit this criteria and also have…[Read more]
wren10 replied to the topic Investing in Darwin – good idea or not? in the forum Help Needed! 13 years ago
Hey Keenan, where abouts in Darwin are your properties? Just out of interest, what do you think about Katherine area? Any potential for capital growth?
Cheers
wren10 replied to the topic Investing in Darwin – good idea or not? in the forum Help Needed! 13 years ago
Thanks Nick for your response. I have been using http://www.nthomes.com.au, it is a very valuable resource.
I have had a look at units in the suburbs, but Palmerston appeals to me more. A unit in Nightcliff for example is generally older and needs more work than a unit in Palmerston. If I was into renovating etc I would be more inclined to purchase in…[Read more]
