Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I had a squatter tenant last year, the emotional and financial stress was far too taxing.
Plenty of good tenants in Logan, get a good pm, however I think growth prospects would be better closer in…
Not that I'm advocating Logan side or anything, but the growth in Logan has been resonable and comparable to inner city Brisbane.
Since 1996 to 2013 the average growths are:
Logan Central: 8.26%
Kingston: 8.52%
Morningside: 9.04%
Annerley: 8.65%
Wooloongabba: 8.65%
The only standout performer is West End at 32.64% (Stunning!!!).
Try dual occupancy on the Central Coast.
http://www.realestate.com.au/property-house-nsw-niagara+park-114566439
7.3% yield
Just do share accommodation around a university. Get a cheap house with lots of bedrooms and rent per room. You'll get 7%+
In one of mine I get 9% rental return. That's a comparison rate to other rental properties as I've already deducted the costs of electricity and water and internet that normally aren't included in other rental properties.
The other one I get 10.5% rental return.
Spend $450 000 on a 5 bedroom house. Rent per room to students for $160 per room including bills and internet. Bills and internet will be worth about $22 per person per week. So net income = $690 per week. = 7.9% rental return.
Considering the interest in that property , doesn't sound like it will go for that ....
Cliff
What are they like to manage?
No real issues. There are fixed tenancy agreements in place. But the good thing is you're never without at least some of the house rented because 5 people never move out at once. Occasionally you'll get one or two move out at the end of a an agreement but you're only losing 2/5ths of the rent when with a normal tenancy if your tenant moves out that's it.