I'm posting this to gauge interest in a property that I intend to market.
The property would be negatively geared to the tune of about $100 per week (assuming top marginal tax bracket). It is located in the lower Blue Mountains west of Sydney.
Yield on the property is not spectacular, but the tenants are! Over the time we have owned the property they're redone inside and out, the gardens have been landscaped, junk removed and the house just shines now. There are still a few things left to do, but we would contractually commit to seeing them through. They would be prepared to sign on to a 1 to 2 year lease. They would also be prepared to help with future improvements to the house.
We believe the Blaxland area is set for a real rise soon (18% last year but more on the way). Land agents there are screaming for properties to sell.
We would market this as an investment package - full QS reports, building inspections, help with setting up accounts and so on. for someone starting out in property investment this could be an easy way to get the toes wet, and we'd be available to help.
We have to sell to fund another purchase.
Details:
Price: $340,000
Rent: $240 per week
Description: 3 bedroom rendered brick veneer, house, basic landscaping front and rear. colourbond fences, good neighbourhood, quiet streets, handy to but not next to schools shops and local amenities.
If interested, or wanting more details, pls either post queries or send a private mail.
Cheers
The property would be negatively geared to the tune of about $100 per week (assuming top marginal tax bracket). It is located in the lower Blue Mountains west of Sydney.
Yield on the property is not spectacular, but the tenants are! Over the time we have owned the property they're redone inside and out, the gardens have been landscaped, junk removed and the house just shines now. There are still a few things left to do, but we would contractually commit to seeing them through. They would be prepared to sign on to a 1 to 2 year lease. They would also be prepared to help with future improvements to the house.
We believe the Blaxland area is set for a real rise soon (18% last year but more on the way). Land agents there are screaming for properties to sell.
We would market this as an investment package - full QS reports, building inspections, help with setting up accounts and so on. for someone starting out in property investment this could be an easy way to get the toes wet, and we'd be available to help.
We have to sell to fund another purchase.
Details:
Price: $340,000
Rent: $240 per week
Description: 3 bedroom rendered brick veneer, house, basic landscaping front and rear. colourbond fences, good neighbourhood, quiet streets, handy to but not next to schools shops and local amenities.
If interested, or wanting more details, pls either post queries or send a private mail.
Cheers