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  • Profile photo of wren10wren10
    Member
    @wren10
    Join Date: 2012
    Post Count: 4
    June 23, 2012 - 7:50 am

    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 potential for good capital growth.

    I can understand you want a property with low maintenance, I feel the same way. However I don’t think you should only focus on buying a property off the plan or brand new. I bought a 10-year old property a few years ago and apart from some minor repairs every now and then its been pretty good. Just make sure to get building/engineering reports prior to buying.

    Cheers

    Profile photo of wren10wren10
    Member
    @wren10
    Join Date: 2012
    Post Count: 4
    June 8, 2012 - 2:14 am

    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

    Profile photo of wren10wren10
    Member
    @wren10
    Join Date: 2012
    Post Count: 4
    June 2, 2012 - 8:03 am

    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 the suburbs.

    Thanks for providing those stats, very interesting to see

    Cheers

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