Hi this is my first post, I really enjoy reading this forum and respect everybody opionion, seems like a lot of switched on people here.
I have been looking to purchase an investment property that has good return but also a better chance of capital growth. Iv'e missed the boat in sydney/illawarra were I have been looking lately (I live in wollongong ) so decided to look elswhere. sydney and northern Illawarra market is extremely heated lately, i've particulary noticed in northern illawarra people are not afraid to pay large sum for over priced property.
Just randomly browsing some suburbs of Brisbane noticed Fairfield. Found a townhouse thats almost new (220m2 internal, very nice fitout and low body corprate fees) that should return upwards of $550 per week rent. Buy in price is expected to be between $500-$550k.
Anybody got some info of this area?. But vitals seem good, 5kms to brisbane CBD, walking distance to train station which is only 3 stops, UNI fairly close, shopping walking distnace aswell.
Negatives I beleive is it may be prone to flooding?
Im going in blind but any info would be very much appreciated about rental vacany and future capital growth in this area?
Cheers
Jason
I have been looking to purchase an investment property that has good return but also a better chance of capital growth. Iv'e missed the boat in sydney/illawarra were I have been looking lately (I live in wollongong ) so decided to look elswhere. sydney and northern Illawarra market is extremely heated lately, i've particulary noticed in northern illawarra people are not afraid to pay large sum for over priced property.
Just randomly browsing some suburbs of Brisbane noticed Fairfield. Found a townhouse thats almost new (220m2 internal, very nice fitout and low body corprate fees) that should return upwards of $550 per week rent. Buy in price is expected to be between $500-$550k.
Anybody got some info of this area?. But vitals seem good, 5kms to brisbane CBD, walking distance to train station which is only 3 stops, UNI fairly close, shopping walking distnace aswell.
Negatives I beleive is it may be prone to flooding?
Im going in blind but any info would be very much appreciated about rental vacany and future capital growth in this area?
Cheers
Jason