Hi guys,
Just looking at some options for my next purchase - looking for a cheapy with good cashflow and wanted some advice from those in the know on the St Marys area.
I have seen numerous units in St Marys in the $140k-180k getting rents from $190 up to $230 per week.
On a search of RE.com there were only 5 units available to rent, indicating that there may be a shortage of good rentals at the moment.
I am not sure on the CG prospects, but am hoping the reduced interest rates and FHG may see some buying activity in the cheap end of the market, possibly pushing up prices in the next year or so.
Any advice from locals in the area? Areas to avoid, or reasons why I may be on the wrong track with this area?
I would be interested to get your opinions.
Cheers
Matt
Just looking at some options for my next purchase - looking for a cheapy with good cashflow and wanted some advice from those in the know on the St Marys area.
I have seen numerous units in St Marys in the $140k-180k getting rents from $190 up to $230 per week.
On a search of RE.com there were only 5 units available to rent, indicating that there may be a shortage of good rentals at the moment.
I am not sure on the CG prospects, but am hoping the reduced interest rates and FHG may see some buying activity in the cheap end of the market, possibly pushing up prices in the next year or so.
Any advice from locals in the area? Areas to avoid, or reasons why I may be on the wrong track with this area?
I would be interested to get your opinions.
Cheers
Matt