I am interested in purchasing a small block of flats / units somewhere. I would prefer something newish, pref brck etc. lower maintainence and so on as I live overseas.
Does not matter if it is a regional (non Cap City) area, not essentail but would prefer costal, perhaps north of Brisbane to say Rockhamton Townsville, or South of Perth around Safety Bay, Rockingham, Warnbro etc etc.
Looking for good returns as the priorty is to generate revenue but not junk that is over priced and not likely to develop any capital gains if even over time.
I did look at Bundaberg and could get some nice 4x ground level flats / units 6 years old, brick for $240,000 returning around 9 - 10% Per annum gross. Possibly not great cap growth ret's?
I can afford more but value is the key and I think more rentals in a single owned premise ie 4 / 5 flats may be easier to manage and provide beter scale of economy buying?
Better closer to water I guess but which are the choice hideaway area's ready to boom, Mckay?, Safety Bay, B'berg. Rocky etc etc?
Any thoughts would be good and / or any websits that may deal specifically with Flats / Units / Duplex / triplex's etc much appreciated
Does not matter if it is a regional (non Cap City) area, not essentail but would prefer costal, perhaps north of Brisbane to say Rockhamton Townsville, or South of Perth around Safety Bay, Rockingham, Warnbro etc etc.
Looking for good returns as the priorty is to generate revenue but not junk that is over priced and not likely to develop any capital gains if even over time.
I did look at Bundaberg and could get some nice 4x ground level flats / units 6 years old, brick for $240,000 returning around 9 - 10% Per annum gross. Possibly not great cap growth ret's?
I can afford more but value is the key and I think more rentals in a single owned premise ie 4 / 5 flats may be easier to manage and provide beter scale of economy buying?
Better closer to water I guess but which are the choice hideaway area's ready to boom, Mckay?, Safety Bay, B'berg. Rocky etc etc?
Any thoughts would be good and / or any websits that may deal specifically with Flats / Units / Duplex / triplex's etc much appreciated