Hi all,
Thought i would share, considering i am now maxed and cannot buy anymore IPs
I bought 3 houses in the last 14 months in Southport on the Gold Coast for the following:
1. - $335k - 3bedx1bath - rents for $435 p/w - no improvements
2. - $360k - 3bedx1bath -rents for $450 p/w - put in a front fence ($3k) + aircon ($2k) to increased rent by $20.
3. - $349,500 - 3bedx1bath -rents for $430 p/w - no improvements.
All properties had more than 20 applications to rent above the asking price. all above 570sq blocks. all qualify for future subdivision approval (min for southport is 200sqm per lot). all brick and tile houses.
Close to Griffith University + New GC hospital + walking to NEW light rail + smack bang in the middle of development zone for coming 2018 Commonwealth Games.
There are still some GEMS on the market... ive just maxed my borrowing capacity
Just a suggestion. Great rental yield.
Thought i would share, considering i am now maxed and cannot buy anymore IPs
I bought 3 houses in the last 14 months in Southport on the Gold Coast for the following:
1. - $335k - 3bedx1bath - rents for $435 p/w - no improvements
2. - $360k - 3bedx1bath -rents for $450 p/w - put in a front fence ($3k) + aircon ($2k) to increased rent by $20.
3. - $349,500 - 3bedx1bath -rents for $430 p/w - no improvements.
All properties had more than 20 applications to rent above the asking price. all above 570sq blocks. all qualify for future subdivision approval (min for southport is 200sqm per lot). all brick and tile houses.
Close to Griffith University + New GC hospital + walking to NEW light rail + smack bang in the middle of development zone for coming 2018 Commonwealth Games.
There are still some GEMS on the market... ive just maxed my borrowing capacity
Just a suggestion. Great rental yield.
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