Hi all,
I live in a small country town (5-6k people) in central Queensland. I have been living here for nearly 3 years now and in that time a new shopping centre has been built and the town has slowly grown. I am contemplating using a wrap type concept in this town to provide cash flow and then in about 3-5 years time purchasing a property in a major centre to keep for capital growth. The town services 2 mines, a power station and a meatworks as well as being a shopping 'mecha' for outlying areas.
I was hoping people may be able to give me their views on this possible strategy.
FYI - Property market ranges from 60K upto about 350K. A house that I would class as being 'half decent' rents out for about $200 per week and would sell for around $120k.
Thanks for any help!!
I live in a small country town (5-6k people) in central Queensland. I have been living here for nearly 3 years now and in that time a new shopping centre has been built and the town has slowly grown. I am contemplating using a wrap type concept in this town to provide cash flow and then in about 3-5 years time purchasing a property in a major centre to keep for capital growth. The town services 2 mines, a power station and a meatworks as well as being a shopping 'mecha' for outlying areas.
I was hoping people may be able to give me their views on this possible strategy.
FYI - Property market ranges from 60K upto about 350K. A house that I would class as being 'half decent' rents out for about $200 per week and would sell for around $120k.
Thanks for any help!!