As a general rule of thumb, do people like renting out houses that are situated in a convenient location?
I am looking to purchase a house in the Hills district of NSW (Quakers Hill, Baulkam Hills, Castle Hill, Kellyville), and recognize that I will be cash flow negative, but want to understand if I will be in a situation of my property not being rented out at all.
Any help appreciated!
Thanks!-
This topic was modified 6 years, 8 months ago by
manadeep.
Stick to the basics close to schools, transport and shops. Vacancy rate is currently very low there.
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
It would be very unlikely to a standard property in a metro area in Australia and have it indefinitely vacant. You can look up the vacancy rates by suburb here: http://sqmresearch.com.au/vacancy.php?t=1
Generally suburbs float between 1-5% dependent on how tight ownership is in an area.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
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This topic was modified 6 years, 8 months ago by
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