I'm just wondering what the pitfalls are in this.
I've heard of a deal – a showhome in a North Brisbane suburb – yet to be built. 240m2 etc
Total price 560k. Builder will rent it for $830pw – 2 yr contract. Yield = 7.5%
Then it would be rented out to a tenant for $? per week – whatever going rate is then.Sound good?
Any thoughts………..?Amil
Yes wonderful return but what happens after the 2 Years.
Not sure which part of town it is in but realistically the rent is being factored into the purchase price.
Get an independant rental assessment of the property and relate this back to the initial purchase price.
Also get an independant valuation of the property as a owner occupied property and see how much over the odds you are paying for place.Richard Taylor | Australia's leading private lender
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