My partner and I are hoping to start investing in property. We are looking to buy in South East Queensland and to spend approx 350k with about 80k for a deposit.
We have heard Redcliffe is a good area to buy as there is talk a new railway line will be built for better access to Brisbane. At this stage we are unsure which areas to look into that will have steady growth in the next 3-7 years.
Our plan is to get a loan of 80% of the purchase price and our repayments would be interest only while the property is being rented out. Any extra funds would be put into an offset account to buy an owner occupied property 12-18 months later on the sunshine coast.
We would love any tips or advice anyone may have for getting started in property investment.
We have heard Redcliffe is a good area to buy as there is talk a new railway line will be built for better access to Brisbane. At this stage we are unsure which areas to look into that will have steady growth in the next 3-7 years.
Our plan is to get a loan of 80% of the purchase price and our repayments would be interest only while the property is being rented out. Any extra funds would be put into an offset account to buy an owner occupied property 12-18 months later on the sunshine coast.
We would love any tips or advice anyone may have for getting started in property investment.