Hi,
I've had my property on the market for over a year, had an offer at one stage but the contract end date lapsed without any closure - later found out they couldn't get finance.
Anyway my property is a very small bedsitter (27m2) so I think the main problem is that people can't get loans for properties under 50m2 very easily.
It's located just outside of the CBD - South Brisbane, so the location is good I believe.
At the price I'm asking, it nets around 7% return - there's lots of options with it too, it's located in a hotel and you can either go into the pool and get your share, or get a set weekly amount from the hotel, or rent it out yourself without the hotel - yet there's little interest.
I've got the property listed with 2 seperate agencies, but they rarely call me, get maybe a 1-2 month update.
How else can I get the word out there, or try and find an interested buyer?
Should I try and get international students looking at this somehow?
The property is making me money, so it's not like I've been desperate to sell, but I'd rather get a bit of cash up against the home loan and be in a bit more of a secure position.
Happy to give out further info about the property, but don't want to seem like I'm just trying to advertise it...
I've had my property on the market for over a year, had an offer at one stage but the contract end date lapsed without any closure - later found out they couldn't get finance.
Anyway my property is a very small bedsitter (27m2) so I think the main problem is that people can't get loans for properties under 50m2 very easily.
It's located just outside of the CBD - South Brisbane, so the location is good I believe.
At the price I'm asking, it nets around 7% return - there's lots of options with it too, it's located in a hotel and you can either go into the pool and get your share, or get a set weekly amount from the hotel, or rent it out yourself without the hotel - yet there's little interest.
I've got the property listed with 2 seperate agencies, but they rarely call me, get maybe a 1-2 month update.
How else can I get the word out there, or try and find an interested buyer?
Should I try and get international students looking at this somehow?
The property is making me money, so it's not like I've been desperate to sell, but I'd rather get a bit of cash up against the home loan and be in a bit more of a secure position.
Happy to give out further info about the property, but don't want to seem like I'm just trying to advertise it...