Hi Guys and Gals
I am new to this whole property investment market and am just looking for some advice.
I built my first house back 1.5 years ago here in Perth, and now it looks like I am going to have to move to Brisbane for work. The move wont happen until July next year. But my question is should I sell up and move? or should I rent out this place and buy another property in brisbane?
Looking at Brisbane prices seems that I cant afford to get the same type of house for the same price in Brisbane, and here I thought that perth was the most expensive city to live in.
I have done "some" math and I know if I do rent out my property here, then the rent I get in will probably be about $50 - $75 less than my mortgage a week. This is managable, but I am unsure which way to go about this.
I also at the moment dont have any deposit for a new house, but If I sold then I would have some deposit to buy new. I would prefer not to rent in brisbane as its effectively money down the drain.
I know everyones situation is different but I am just looking for some advice when it comes to this.
Regards
Jase
I am new to this whole property investment market and am just looking for some advice.
I built my first house back 1.5 years ago here in Perth, and now it looks like I am going to have to move to Brisbane for work. The move wont happen until July next year. But my question is should I sell up and move? or should I rent out this place and buy another property in brisbane?
Looking at Brisbane prices seems that I cant afford to get the same type of house for the same price in Brisbane, and here I thought that perth was the most expensive city to live in.
I have done "some" math and I know if I do rent out my property here, then the rent I get in will probably be about $50 - $75 less than my mortgage a week. This is managable, but I am unsure which way to go about this.
I also at the moment dont have any deposit for a new house, but If I sold then I would have some deposit to buy new. I would prefer not to rent in brisbane as its effectively money down the drain.
I know everyones situation is different but I am just looking for some advice when it comes to this.
Regards
Jase