Hi there,
needing some advice…I am of limited means and I am looking to buy. It is a competitive market and I am tossing up between one bedroom beachside unit (eg Gold Coast, Labrador) versus one or two bedroom inland (bigger ) unit (eg Gold Coast, Carrara, Nerang). Initially I will be Owner / occupied and will be looking to rent out unit in the future.
Any advice would be much appreciated,
Thanks Catl
PS I am new to property investment and if you are aware of any useful threads that might be relevent, would much appreciate the lead.
catl wrote:Hi there,needing some advice…I am of limited means and I am looking to buy. It is a competitive market and I am tossing up between one bedroom beachside unit (eg Gold Coast, Labrador) versus one or two bedroom inland (bigger ) unit (eg Gold Coast, Carrara, Nerang). Initially I will be Owner / occupied and will be looking to rent out unit in the future.
Any advice would be much appreciated,
Thanks Catl
PS I am new to property investment and if you are aware of any useful threads that might be relevent, would much appreciate the lead.
Hi Catl,
Hope all is well. The Gold Coast area as you know is booming incredibly. The thing that is most important in this circumstance is who you will be looking to rent it to after you are ready to move out, and also what will be close by in order for it to be rented long term rather than short term.
If you are looking to purchase, I definitely recommend something that will be there as a need for someone tomorrow. With one bedroom apartments, even though there are a selected amount of people that are interested in them, they are generally harder to rent – if they aren't in the right proximity – close to universities, colleges, etc, etc.
If you are going to stay down the coast area, I recommend a two bedroom and further inland rather than a single and around surfers for example. If Gold Coast isn't a neccessity, I would recommend Brisbane and possibly a townhouse (more room, better long term rent, and also more interest in the long run from prospective clients).
Let me know what you think and good luck with it!
Thanks for that…this does seem to be gereral consensus. I guess it comes down to what is available in price range now, as I have just started looking. Cheers Catl
which has the better positive cashflow?
You must be logged in to reply to this topic. If you don't have an account, you can register here.
