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From: Trina Blum
Hi all,
Once I've narrowed down the suburb in which I want to buy and investment house is there a basic criteria I should go by to make sure I have good rental demand?
I've heard of buying close to public transport, within walking distance to a shop and a house with carport or garage. Can anyone suggest any others? I've tried searching the posts without much success. Do the real estate/property mgrs have a list?
Also, does it matter if the house is 3x1 or 4x2?
I was also told once that you shouldn't buy in new estates that have a lot of land for sale as the prices don't go up. Does this really matter if I intend to buy and hold the house for 20 years or more? I presume by then that all the land would have been sold off if I did want to sell.
thanks
Trina
Hi all,
Once I've narrowed down the suburb in which I want to buy and investment house is there a basic criteria I should go by to make sure I have good rental demand?
I've heard of buying close to public transport, within walking distance to a shop and a house with carport or garage. Can anyone suggest any others? I've tried searching the posts without much success. Do the real estate/property mgrs have a list?
Also, does it matter if the house is 3x1 or 4x2?
I was also told once that you shouldn't buy in new estates that have a lot of land for sale as the prices don't go up. Does this really matter if I intend to buy and hold the house for 20 years or more? I presume by then that all the land would have been sold off if I did want to sell.
thanks
Trina
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