I haven't taken the IP plunge yet, but have done lots of reading, research and have been hitting the streets each weekend. The only positive c/f properties I can find are motel units in Margaret river (dodgy) and a small repossesed house in kojonup (~50K rents for $120pw, but 0% CG).
I have been looking around St James, Bentley and Kensington, with a view to renting to Curtin students etc. However, the rest of the world seems to have the same idea and there are loads of new townhouses with For Lease signs. New 3/4brm townhouses around $180K mark. Also been looking around Nedlands, but the return on $ is shocking. Will check out the areas up north and maybe down south which seems a bit more affordable.
We have around 5-600K equity in our home, plus a mortgage which doesn't leave much left over, so the negative cash flow can't be too high. We're both 40, so can't muck around for much longer.
Keep the Perth info coming.
I have been looking around St James, Bentley and Kensington, with a view to renting to Curtin students etc. However, the rest of the world seems to have the same idea and there are loads of new townhouses with For Lease signs. New 3/4brm townhouses around $180K mark. Also been looking around Nedlands, but the return on $ is shocking. Will check out the areas up north and maybe down south which seems a bit more affordable.
We have around 5-600K equity in our home, plus a mortgage which doesn't leave much left over, so the negative cash flow can't be too high. We're both 40, so can't muck around for much longer.
Keep the Perth info coming.