Well, after months of reading books and reading forums (this one especially) I'm finally going to put up some cash on an IP!!! How nerve wrecking... got to keep reminding myself that not all debt is evil.
The suburb is Nerang. The area has the advantage of being close to many attractions such as the theme parks and Surfers, and good public transport to Brisbane. The train station was a big tick for suburb selection for me. I hear that there is a new shopping complex being built next to the train station. The other suburbs I had on the short list was Robina, Varsity Lakes and possibly Upper Coomera or Helensvale.
The IP I'm looking at is a townhouse (new developement) within a very short walk to the Nerang train station. It's on Boulton Dr. It is a 3 brm, 2 bath, DLUG, A/C to all rooms etc. The one I'm looking at is going for 465K and the rent is estimated to fetch 410 to 420 per week (body corp $39/wk). Here is a realestate.com.au with the listing.
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104454447&f=0&p=10&t=res&ty=&fmt=&header=&c=25767426&s=qld&snf=rbs&tm=1195642291
I haven't been up to look yet, I'm in Sydney. The plan is to get up there next week to inspect it. But for now... What are your comments/experiences/knowledge about the Nerang (SE QLD) area? How does the figures look for those who are more intimate with the area?
The suburb is Nerang. The area has the advantage of being close to many attractions such as the theme parks and Surfers, and good public transport to Brisbane. The train station was a big tick for suburb selection for me. I hear that there is a new shopping complex being built next to the train station. The other suburbs I had on the short list was Robina, Varsity Lakes and possibly Upper Coomera or Helensvale.
The IP I'm looking at is a townhouse (new developement) within a very short walk to the Nerang train station. It's on Boulton Dr. It is a 3 brm, 2 bath, DLUG, A/C to all rooms etc. The one I'm looking at is going for 465K and the rent is estimated to fetch 410 to 420 per week (body corp $39/wk). Here is a realestate.com.au with the listing.
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104454447&f=0&p=10&t=res&ty=&fmt=&header=&c=25767426&s=qld&snf=rbs&tm=1195642291
I haven't been up to look yet, I'm in Sydney. The plan is to get up there next week to inspect it. But for now... What are your comments/experiences/knowledge about the Nerang (SE QLD) area? How does the figures look for those who are more intimate with the area?