Hi Steve,
I’ve just read my first newsletter.Great!
I also love the forum concept.
You mention property for $40,000, Is this an
actual figure, are there really properties available [Positively geared] for this, or is this an “example” ?Thanks Steve,
Annie
AMG
Believe it or not but yes there are properties avalible for $40K. And yes these are houses (though $40K flats can be quite good too).
Rgds.
Lucifer_auHi All,
Can you please suggest the best place to source information about Australian property suitable for positive gearing,low cost and of course with some future growth potential?[cap]Annie
AMG
There are properties for aropund $40K. I saw one the other day – $45K – $85 pw rent. The area is screaming for rentals.
Not sure if there is any CG to be made for property that sells at around $40K. I see that there aplenty of houses for sale around $40K and even less in Qld’s backwaters. But I would guess that they would have a flat CG curve. After all, they are that cheap because nobody is buying there.
The idea is to find such a cheapie in an area that is as yet “undiscovered” , convince yourself that is has plenty of potential for becoming a hotspot, then buy and wait. I’m sure that these places are out there, but they would be a real mental challenge to find.
SG.
sui generis is correct. I buy these houses for cashflow Not for capital gains, other investors here like capital gains over cashflow. It all depends on your strategy.
Rgds.
Lucifer_au
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