Hi all,
Long time reader - first time poster.
Myself and the wife are new to the property investment scene and are doing as much as we can to take on as much information as possible - this forum is fantastic for a start.
Over the past 9 months I've inundated myself with research into different area's for investment properties. The initial research has seen us buy a 4br house in Dubbo which is returning a yield of 6.02%.
While it's no trail blazer I'm hoping it will do ok - I'm a little concerned we've bought too high in the market cycle due to stalling on actually making a move. But it's an area I know really well, being in the comfort zone it made the whole learning process a bit easier and well it's not costing us anything to hold so I'm reasonably happy.
In any event, we're now close to being in a position to make a move and strike again - I've narrowed down area's such as Toowoomba, Townsville (close to CBD) and the Northern Suburbs of Brisbane however I can't for the life of me find anything that sets one of these apart from the pack.
To give an insight as to what we want to achieve - my wife and I live in the NT away from family (due to good wages) however over the next 10 years we are hoping to achieve enough in the way of investments that can offset the high wages the NT offers and move back home - and ideally be in a financial position so the Mrs doesn't have to work full time. We're also thinking long term for retirement as well (and hopefully being able to retire early) - say 50-55yo.
Any thoughts, advice or input into the above area's would be appreciated.
Regards,
Dakkas.
Long time reader - first time poster.
Myself and the wife are new to the property investment scene and are doing as much as we can to take on as much information as possible - this forum is fantastic for a start.
Over the past 9 months I've inundated myself with research into different area's for investment properties. The initial research has seen us buy a 4br house in Dubbo which is returning a yield of 6.02%.
While it's no trail blazer I'm hoping it will do ok - I'm a little concerned we've bought too high in the market cycle due to stalling on actually making a move. But it's an area I know really well, being in the comfort zone it made the whole learning process a bit easier and well it's not costing us anything to hold so I'm reasonably happy.
In any event, we're now close to being in a position to make a move and strike again - I've narrowed down area's such as Toowoomba, Townsville (close to CBD) and the Northern Suburbs of Brisbane however I can't for the life of me find anything that sets one of these apart from the pack.
To give an insight as to what we want to achieve - my wife and I live in the NT away from family (due to good wages) however over the next 10 years we are hoping to achieve enough in the way of investments that can offset the high wages the NT offers and move back home - and ideally be in a financial position so the Mrs doesn't have to work full time. We're also thinking long term for retirement as well (and hopefully being able to retire early) - say 50-55yo.
Any thoughts, advice or input into the above area's would be appreciated.
Regards,
Dakkas.