Part of my strategy for my next investment is acquiring a cf+ property and holding to overcome my issues with my current plans which is loan serviceability.
Pretty much only interested in extremely large town or capital cities.
Based in Sydney, Brisbane is preferable as travelling there is easy and love to visit QLD whenever I can.
Looking in brisbane i find it near impossible to have cf+ properties after considering outgoings but with a auxiliary building there is a possibility.
From what i can see Ispwich Council allows granny flats to be rented individually. Ipswich seems to be quiet ideal with 6-8% yield possibility. Only thing that concerns me is the economy of the area, supply of new housing in newer estates and flooding.
My plan would be to stay nearer to the Ipswich itself somewhere near east ipswich, north booval or bundamba train stations.
North/Booval seems to have some nice properties (especially in north with some brick 4/2/2 going for low prices with high yield).
Would anyone be able to tell me any concerns i should have about the area (am planning on going and visiting the area prior to buying but not yet)
Also with flood affected properties what would the issues be as an investor? (Higher insurance premiums etc)
The other region i have been looking at actively is Kingston and Slacks creeks. Only issues here is I would have to wait until the new planning comes out to build a granny flat and the yield seems to be a bit lower although i feel like these area have better cg potential.
Any other areas please feel free to post up your opinion
Pretty much only interested in extremely large town or capital cities.
Based in Sydney, Brisbane is preferable as travelling there is easy and love to visit QLD whenever I can.
Looking in brisbane i find it near impossible to have cf+ properties after considering outgoings but with a auxiliary building there is a possibility.
From what i can see Ispwich Council allows granny flats to be rented individually. Ipswich seems to be quiet ideal with 6-8% yield possibility. Only thing that concerns me is the economy of the area, supply of new housing in newer estates and flooding.
My plan would be to stay nearer to the Ipswich itself somewhere near east ipswich, north booval or bundamba train stations.
North/Booval seems to have some nice properties (especially in north with some brick 4/2/2 going for low prices with high yield).
Would anyone be able to tell me any concerns i should have about the area (am planning on going and visiting the area prior to buying but not yet)
Also with flood affected properties what would the issues be as an investor? (Higher insurance premiums etc)
The other region i have been looking at actively is Kingston and Slacks creeks. Only issues here is I would have to wait until the new planning comes out to build a granny flat and the yield seems to be a bit lower although i feel like these area have better cg potential.
Any other areas please feel free to post up your opinion