Are you just chasing a reasonable rent return only?

[csc]

this may catch someones eye..reasonable rental property, not my cup of tea but if your just chasing a return from a cash investment it maybe right up your alley as a long termer:

http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=66768708&s=qld&tm=1241767874

i didnt call the agent so unsure if the lease will be renewed at that price...sounds expensive to me.

due diligence a must i guess with any property.

i think if your just chasing a good yield this maybe ok if the buy price is keen.

good luck

 

[angela]

I love the name of the town

 

[weg]

I could be wrong but it could be a display home/unit in which case the builder usually offers above market rent.

 

[csc]

I love the name of the town

i call the place "redneckville"

 

[csc]

I could be wrong but it could be a display home/unit in which case the builder usually offers above market rent.

yep i think your dead right actually although the place is a few years old now so im not 100% certain about it..

4 bedder lowset bricks are renting for 450 bucks here, unfurnished...........maybe the fully furnished is currently working for the owner a little.........

be a snap @300k...id grab it myself and then forget about it if someone offered me 450 wk rent..

 

[Nathan]

i think the yeild is too low for what it is....

 

[stumunro]

i think the yeild is too low for what it is....

i agree, knock 100k off the price and i think you would be in the money.