Hello,
hoping everyone could provide some info on what to look for in a location. I have listed below what we have so far and would like further input to ensure we have our bases covered.
Population
Median Price
Rental Yield
Occupancy rates
Percentage of homes rented
Does the location have +ve cashflow properties.Any further input would be outstanding.
Thank you very much
The king has left the building….
Hey Elvis….
Other thoughts….
*Infrastructure
*Public Transport
*Shops
*Types of roads (lit or not)
*School
*Police
*Amenities both in the property and nearby the property (Parks, etc……Town gas, etc.)Here are a few more to think about
Enjoy
AD [:0)]Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach“TOP TEN”
1. Warragul(including Drouin)
2. Shepparton
3. Traralgon
4. Lakes Entrance
5. Echuca
6. Healesville
7. Ballarat
8. Mansfield
9. Daylesford
10.BendigoBased on population growth(growth corridors), Proximity to Melbourne and existing or proposed freeways, Lifestyle changes for Baby Boomers(over next 20 years), destination or tourist towns, Rental occupancy rates and high rental $$ yields, Facilities and government infrastrucutre.
Within all these the property should be close to shops, schools and in general CBD of the town. House should be in reasonable condition on a big block if possible. “They ain’t making any more Land”. These sort of properties can be hard to find, but when you do find one it’ll be worth it. Like they say, if it was easy everyone would be doing it!
Cheers
CanuckMagic!! thanks for your input guys.
Andrew,
have spoken to my contacts at macquarie up here re finance, they don’t like it. am having further discussions this week, will keep you posted.cheers
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