What's an excellent return?
Sydney and Central Coast - we have lift off
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What's an excellent return?
I don't know actually, I'm not an investor yet. I don't know what pro investors would consider to be excellent, but from my point of view.. if I can buy a house for under $300k and get $300 a week rent, thats most of the mortgage paid. I'm no expert but I'd be pretty happy with that return
I'm just going by what I see in the rentals section of my local paper.
if I can buy a house for under $300k and get $300 a week rent, thats most of the mortgage paid. I'm no expert but I'd be pretty happy with that return
Unfortunately, that wouldn't do it for me unless the property had some unrealised potential. That is only just a little over 5% yeild.
Fair enough. Guess i still have alot to learn about whats a good return and what isn't.
Don't worry, just because I wouldn't want it, doesn't mean that others think it's a bad investment.