Hello everyone
Been reading this forum for a while and think it's time to Have my first post
I am looking to buy an investment in Canberra from my understanding:
Good
1 light rail project
2 population growth in Australia = need a bigger public sector (long term)
3 limited land in the act
4 majority public service makes the makers very bulletproof
5 been flat for the last 3-4 years so it's time?
Bad
1 rental yield pretty low 4-6%
2 high purchase price
3 FHB only in new homes
I was looking into Qld (Kallangur, QLD 4503) but just not sure buying in other states as I have only lived in Canberra.
Canberra suburbs that I had my eye on at the moment:
Watson (cheap for inner North)
Holt (affordabke family home for mid 4 to attract long term tenants)
Kambah (close enough to city or hospital affordable)
Any one got any suggestions? Or should I b looking other states/area?
Been reading this forum for a while and think it's time to Have my first post
I am looking to buy an investment in Canberra from my understanding:
Good
1 light rail project
2 population growth in Australia = need a bigger public sector (long term)
3 limited land in the act
4 majority public service makes the makers very bulletproof
5 been flat for the last 3-4 years so it's time?
Bad
1 rental yield pretty low 4-6%
2 high purchase price
3 FHB only in new homes
I was looking into Qld (Kallangur, QLD 4503) but just not sure buying in other states as I have only lived in Canberra.
Canberra suburbs that I had my eye on at the moment:
Watson (cheap for inner North)
Holt (affordabke family home for mid 4 to attract long term tenants)
Kambah (close enough to city or hospital affordable)
Any one got any suggestions? Or should I b looking other states/area?