I wondered if anyone could help me with this.
I’m looking to enter the IP world, initially with about $150 - $200k. Only problem is, I want rental returns over 4% and Sydney doesn’t seem a good candidate at the moment. Is it realistic to look for rental returns around 6% or even more outside Sydney? Ideally, I’d like somewhere you can actually drive to within a few hours. The Southern Tablelands really appeal to me, but that’s just a personal preference.
I’m looking to enter the IP world, initially with about $150 - $200k. Only problem is, I want rental returns over 4% and Sydney doesn’t seem a good candidate at the moment. Is it realistic to look for rental returns around 6% or even more outside Sydney? Ideally, I’d like somewhere you can actually drive to within a few hours. The Southern Tablelands really appeal to me, but that’s just a personal preference.