Guys, admittedly I'm still finding it really difficult to 'analyse' what is a good deal. I suppose it comes down to that I'm not sure where to set my expectations. And Im really quite damn perplexed by the whole thing..
I do understand that it has a lot to do with strategy, and how a property fits into the portfolio.
Quick background : I have two Ip's. Last two purchases have been doer upperers houses - but this next one will be a solid long term hold, most probably a unit/townhouse in Chermside district, or a 3-4 bed house in Toowoomba, and possibly couple of other QLD regionals but still researching - looking for cf+ / neutral or only slightly negative so I can keep moving forward. At present I have the ability to save cash deposits over 6mth periods for say 25-30k at 95% lends.
Would really appreciate some feedback on how the experienced 'somersofters' analyse a good deal!
For the sake of the exercise would you mind please critiquing ...(n.b looking at 5-5.5% yield on each):
2 Bed Units
http://www.realestate.com.au/property-unit-qld-chermside-112820615
http://www.realestate.com.au/property-unit-qld-chermside-116740727
2 Bed Townhouse
http://www.realestate.com.au/property-townhouse-qld-chermside-116520079
(2 bed townhouse is advertised rent at 395.00 per week)
Thanks!
Breamster
I do understand that it has a lot to do with strategy, and how a property fits into the portfolio.
Quick background : I have two Ip's. Last two purchases have been doer upperers houses - but this next one will be a solid long term hold, most probably a unit/townhouse in Chermside district, or a 3-4 bed house in Toowoomba, and possibly couple of other QLD regionals but still researching - looking for cf+ / neutral or only slightly negative so I can keep moving forward. At present I have the ability to save cash deposits over 6mth periods for say 25-30k at 95% lends.
Would really appreciate some feedback on how the experienced 'somersofters' analyse a good deal!
For the sake of the exercise would you mind please critiquing ...(n.b looking at 5-5.5% yield on each):
2 Bed Units
http://www.realestate.com.au/property-unit-qld-chermside-112820615
http://www.realestate.com.au/property-unit-qld-chermside-116740727
2 Bed Townhouse
http://www.realestate.com.au/property-townhouse-qld-chermside-116520079
(2 bed townhouse is advertised rent at 395.00 per week)
Thanks!
Breamster