Hey Bayview, if you are willing to divulge, at $245k sale price what gross yield does this represent?
Not that good for an investor trying to buy now.
It will rent for $220 per week, and the sale price right now is likely to be in the $240's.
I wouldn't buy it if I was an investor, but I want yield and potential CG.
We pais $155k at purchase, so our yield is decent.
The problem also at the moment for the market is that very few people are able to get finance. Banks are not being very friendly, despite what what some here might think. They personally may be able to get it, but the wider community has been shut out. The criteria is really tight.
This is the thing that no-one in the media is metioning.
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