I'm wondering whether water restricions will start having a bearing on what IP's to look for? I haven't bought one yet but I've always thought house and land was a better option than units with very little land. I live in Adelaide and water restrictions are getting worse next year so if lawns and gardens can't be watered enough will this effect rentals and values? Does anybody think units are just as good a buy as house and land?
Also I'm interested in 2 areas, Paralowie and Kilburn. Paralowie's median price is $222,000, 57% are being purchased and 18% are being rented. Kilburn's median price is $148,500, 12% are being purchased and 58% are being rented. What do you look for in an area, higher renters or lower? I'm thinking lower renters means higher rents?
Also I'm interested in 2 areas, Paralowie and Kilburn. Paralowie's median price is $222,000, 57% are being purchased and 18% are being rented. Kilburn's median price is $148,500, 12% are being purchased and 58% are being rented. What do you look for in an area, higher renters or lower? I'm thinking lower renters means higher rents?