Not sure where to put this so just thought I would just jump in.
I am looking for a positive cash flow property with some potential for growth and trying to decide if it would be better to buy a newish (not OTP) townhouse close to Brisbane CBD or an actual house in the Logan area. I am looking really for positive cash flow for this purchase in my strategy rather than growth (which would be a bonus).
My thoughts are that a newer town house would be in demand with less maintenance than an older place in logan. I would also get the benefits of greater depreciation and less land tax.
The positives for logan is that in the last six months I have already seen price growth
Any thoughts ?
I am looking for a positive cash flow property with some potential for growth and trying to decide if it would be better to buy a newish (not OTP) townhouse close to Brisbane CBD or an actual house in the Logan area. I am looking really for positive cash flow for this purchase in my strategy rather than growth (which would be a bonus).
My thoughts are that a newer town house would be in demand with less maintenance than an older place in logan. I would also get the benefits of greater depreciation and less land tax.
The positives for logan is that in the last six months I have already seen price growth
Any thoughts ?