I'm new to all this and am just educating and researching atm…but in the next year or so I will be buying an IP in Tassy and am hoping for some pointers as to good areas for both rental return and capital growth. Cheers
I see that the Gunns Pulp Mill is looking iffy, did anyone on here invest in Georgetown on the punt that the mill would go ? I know many did not knocking them but I am genuinely interetsted in any feedback
G'day jessy…
yeah we have 2 IP's in tassie and just about to buy a 3rd. 2 IP's in kingston have good rental return and fastest growing municipality in Tas… both IP's return 5% rental yield and showing good capital growth. Lauderdale may boom soon as 30million shopping precinct has been given the go ahead I believe… Be careful about high rental yield suburbs in Hobar area as the majority of these suburbs are low socio-economic areas… could pose problems with rent. hope this helps..cheers
tuggerThanks, good thinking about Lauderdale…
I've been looking at kingston too, we're building our home in Kettering as we speak and will likely rent that out for a couple of years first to get the mortgage down, but I'd like to get a cheap investment property too. How've the tenents been in Kingston?
Yeah we haven't had any trouble with tenants in Kingo at all… 2 properties in Kingston Beach (house and unit) and they both take 5% yield… we havent missed a day of rent even though properties have had 2 different renters…Kingston is taking off so jump on board. Make sure you check out the REIT information before you settle on a suburb…for $22 you can look at the quarterly peformance of each suburb. Cheers
tugger
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