I’ve just placed my first investment property on the market (-ve) but made a bit in capital growth. Can anyone recommend suburbs that sell houses for around $100,000 to 120,000 with good rental yields? Researched a few but keep coming up with high cost homes or rents that are not high enough. Any help greatly appreciated as fingers wearing down from internet research.
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Hey Banner. To be honest things have moved. There are still deals out there but your 100-120K is probably difiicult in Brisbane City but achiveable in the satellite areas. You need to look at areas north ,west and south of Brisbane. Have a look at a map and see what yuo think. If you get really stuck email me. [email protected]
I won’t talk to you though unless you can name me five areas that have properties in this bracket…..some homework.
There are still properties out there just move fast.
Enjoy
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(Andrew)
“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
Hi katsu88,
get on realestate.com.au and searc the areas that interest you when you find an area that looks good then do a search on the town through yahoo or simmilar to find out more about it’s economy etc. If it all looks good call a few real estate agents and go have a look.
It really is as simple as that![8D]
Happy hunting
Scott S
“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon
IMHO the only area that has properties at that price and a train station (essential!) is Beenleigh.
If you are not familiar with Brisbane, I would recommend looking at a map of the rail network, make a list of the stations, then search on realestate.com.au on those names. Try http://www.transinfo.com.au for the rail map
In the next 20 years being within a 5-8 min walk of a train station will become more valuable in Brisbane as population and road traffic continues to increase.
Hi guys,
There’s more than just beenliegh! I just missed out on a deal where you walked out the front door and just about fell onto the platform for under 50k !!![!] Should have acted quicker![]
They’re out there guys you just have to look! Oh well, guess I won’t muck around next time. Lesson learnt.
Cheers
Scott S
“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon
yea but at $50K surely ur gonna have maintenance headaches ? You will probably end up spending another $30K just to get a tenant in the door. Are we talking a single bedder here ?
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