Hi,
I am looking at an investment for a SMSF and due to limited ($350) ceiling based on amount in fund am looking at more regional areas. I am after buy and hold (rent) and would like cash positive or at least neutral (20% deposit). I was looking at Ballarat but a friend who lives there has noticed a slump in sales and empty rentals. Based on that I have researched a few other areas and am now looking at Drouin or Warragul...leaning towards Drouin. Would really appreciate thoughts on invest and hold in Drouin? Or Warragul. Oh, and any estate agent recommendations for the area would also be appreciated.
Thanks in advance
I am looking at an investment for a SMSF and due to limited ($350) ceiling based on amount in fund am looking at more regional areas. I am after buy and hold (rent) and would like cash positive or at least neutral (20% deposit). I was looking at Ballarat but a friend who lives there has noticed a slump in sales and empty rentals. Based on that I have researched a few other areas and am now looking at Drouin or Warragul...leaning towards Drouin. Would really appreciate thoughts on invest and hold in Drouin? Or Warragul. Oh, and any estate agent recommendations for the area would also be appreciated.
Thanks in advance