This is a bit like putting the cart before the horse, because we've already put in an offer on a townhouse in Carrara.
We went with this location mainly for price. As new "investors" we couldn't quite bring ourselves to borrow $250-300K for something in Sydney!
Also, both the rail line to Brisbane and freeway access are not too far away from the complex.
Price is $115K for a three bedroom townhouse with lock up garage. It's an end unit, so only one common wall and added benefit of a extra parking, being in a cul de sac section of the complex driveway.
There is a manager on-site and a pool. Returning $150 p.w. in rent, which will increase to $165 p.w. if current tenants decide to renew or $170 p.w. to newcomers.
Long term? The complex is 7 years old, so we are looking at keeping the townhouse for 5-10 years.
Anyone out there with some comments on this particular location?
Reassurance sought, I guess! It's a step forward at least.
We went with this location mainly for price. As new "investors" we couldn't quite bring ourselves to borrow $250-300K for something in Sydney!
Also, both the rail line to Brisbane and freeway access are not too far away from the complex.
Price is $115K for a three bedroom townhouse with lock up garage. It's an end unit, so only one common wall and added benefit of a extra parking, being in a cul de sac section of the complex driveway.
There is a manager on-site and a pool. Returning $150 p.w. in rent, which will increase to $165 p.w. if current tenants decide to renew or $170 p.w. to newcomers.
Long term? The complex is 7 years old, so we are looking at keeping the townhouse for 5-10 years.
Anyone out there with some comments on this particular location?
Reassurance sought, I guess! It's a step forward at least.