hi im looking at buying my first house but trying to work out where is better cause i work in the mines (qld) would i be better off buying something sort of close so i can keep track of (hoping mining keeps going up) or would i be better off buying something in a capital or major city so i have more stability and easier to sell on if needed
There always needs to be an exit strategy, and there always needs to be a tenant pool. Where do you "live"? Is it an area that always has a steady stream of prospective tenants, and also prospective buyers if you need to offload the property?
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
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i live in dysart in a company house at the moment there is a positive range of people wanting to rent and buy but the only thing that dysart has is the mining sector
Johnny
The mining industries and regions are some of the strongest areas to invest in when it comes to residential property. An exit strategy is key, look for areas that have a stronger industry base than Dysart is my suggestion. In the coming years I believe that regional QLD is in for stronger growth than more traditional investment ideals.Also it won’t make a difference to the capital growth of a property whether you can drive by it or not.
JA
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