I live in Sydney but I am interested to research Brisbane / Adelaide for potential buying options towards the end of 2015. It may be a bit early but because I know nothing about either of them, I think it may be best to start early and get to know them.
I came across this property which looked quite interesting:
http://www.realestate.com.au/property-house-qld-spring+hill-118678211
They want around 500k for it but the rental return looks really attractive at $835 per week. I dont know of many deals in Sydney that will have that much return.
Firstly which market is going to present better options for me to spend more time on researching?
Where should I start to get to know the suburbs and also learn what is or is not a good deal?
What are the implications in terms of tax, and laws around the purchase of property?
Does any one here have any experience in buying interstate, do you need to be physically present to inspect prior to purchase?
Would be great if someone with experience could comment.
Any information on where to start would be great.
I came across this property which looked quite interesting:
http://www.realestate.com.au/property-house-qld-spring+hill-118678211
They want around 500k for it but the rental return looks really attractive at $835 per week. I dont know of many deals in Sydney that will have that much return.
Firstly which market is going to present better options for me to spend more time on researching?
Where should I start to get to know the suburbs and also learn what is or is not a good deal?
What are the implications in terms of tax, and laws around the purchase of property?
Does any one here have any experience in buying interstate, do you need to be physically present to inspect prior to purchase?
Would be great if someone with experience could comment.
Any information on where to start would be great.