Hello everyone,
We are looking for a property with the view to rent out for a year or two before moving in. We found a suburb in the north west that we like. With our budget we can only buy old two bedroom villa. From the research, people there are wealthier than average Sydney. Household income is also higher. The pct of tenancy in the area is 16.8%. We concern if it will be easy to find tenant. Also if we have financial difficulty, would it be easy to sell as the would-be buyers may have high expectation. The suburb will have train station in the next few years.
Appreciate it if anyone can give us some thought.
Hi Sydney,
Not exactly sure what you are trying to do here. Are you concerned that if ever you are to sell the property, no will buy it?
What made you think this way? Is your research telling you this? Your thread topic is actually a good statement. Buying properties to suit what the demographic wants. Its all about supply and demand, find out what is in demand and not overly supplied.PHP | Mortgage Station Pty Ltd
http://www.mortgagestation.com.au
Email Me | Phone MeGive us a call or send us an email for a free residex report.
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