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  1. marky_mark

    Would you buy this?

    Two bedroom units are starting at about $220 and go up to around $270ish. I'm still waiting to hear back from the bank on our loan at the moment so not sure if I can get that much. They have approved me for a 90% loan up to $320,000 but I'm trying to get a 95% loan so that I don't have to put...
  2. marky_mark

    Would you buy this?

    Thanks for all the comments. Jamie, you're right about Queanbeyan. A friend of mine has a few investments and he said I should stay away from Queanbeyan as there as so many units that I will always have competition when renting them out, therefore it will be harder to increase the rents...
  3. marky_mark

    Would you buy this?

    I may have the opportunity of buying a 1 bed unit for about $140,000 with the weekly rent set at $180 per week and a tenant already in place. With a ten percent deposit and stamp duty etc. it's going to cost me around $20,000 in upfront costs. The mortgage would then be about $150 per week...
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