Hi everyone
Im currently looking for my 2nd IP and for this one am looking outside the area i live (sunshine coast) as I'm hoping to find something with better cashflow than my first IP.
I'd love to know how others start their search for areas/suburbs to invest in. Whilst i'm looking at cashflow, capital growth is also important and my strategy is to buy and hold (perhaps adding value by cosmetic renos if nec).
I regularly buy the API mag and have started looking at the numbers towards the back for good yielding suburbs - is this a good place to start?
Thanks
Kaia
Im currently looking for my 2nd IP and for this one am looking outside the area i live (sunshine coast) as I'm hoping to find something with better cashflow than my first IP.
I'd love to know how others start their search for areas/suburbs to invest in. Whilst i'm looking at cashflow, capital growth is also important and my strategy is to buy and hold (perhaps adding value by cosmetic renos if nec).
I regularly buy the API mag and have started looking at the numbers towards the back for good yielding suburbs - is this a good place to start?
Thanks
Kaia