Hi. I live in Adelaide and am looking to buy a IP in Brisbane/Gold Coast as it has higher rental returns than Adelaide... I'm looking to buy something in the low $400K... Any suggestion would be fantastic as I only have some limit research in Brisbane and don't know a lot of suburb just yet... So where should I start?
A friend in an Investors Club suggest I buy an 8yrs old 3BR villa in a complex for about $380K in Eight Mile Plains, rent about $400/week... Corp fees about $3000/annual... or a Brand New 3BR Townhouse to be built in Carseldine for $385K with expect rent about $370/week, corp fees about $2400/a... These seems sound ok but I do want to buy a property with it own piece of land to it name... What do you think?
Thanks for your comments..
A friend in an Investors Club suggest I buy an 8yrs old 3BR villa in a complex for about $380K in Eight Mile Plains, rent about $400/week... Corp fees about $3000/annual... or a Brand New 3BR Townhouse to be built in Carseldine for $385K with expect rent about $370/week, corp fees about $2400/a... These seems sound ok but I do want to buy a property with it own piece of land to it name... What do you think?
Thanks for your comments..