Hi guys, new to the forum and to property. Bit of a big ask but was hoping to get the local experts to give their thoughts on the following property as some sort of an example analysis on whether a property may be a good investment.
http://www.realestate.com.au/property-townhouse-wa-north+perth-116345979
I quite like the property personally as a place to live but not so sure on whether its a good investment. It seems to be rented out currently at $495pw and $595,000 still seems slightly overpriced? despite the price drop from the low $600k's after a bit over a month on the market. I think it sold for around $500,000 in 2012. Strata fees of around $1200pa. I think a green title property a bit further from the CBD would be a better investment decision? but am attracted to the possibility of moving in to this inner city townhouse after a few years.
Appreciate your thoughts!
http://www.realestate.com.au/property-townhouse-wa-north+perth-116345979
I quite like the property personally as a place to live but not so sure on whether its a good investment. It seems to be rented out currently at $495pw and $595,000 still seems slightly overpriced? despite the price drop from the low $600k's after a bit over a month on the market. I think it sold for around $500,000 in 2012. Strata fees of around $1200pa. I think a green title property a bit further from the CBD would be a better investment decision? but am attracted to the possibility of moving in to this inner city townhouse after a few years.
Appreciate your thoughts!