Back to the drawing board again.
Am looking into
Toowoomba due to ok yields and airport going up etc, (good capital growth for equity but then our stretergy is buy and hold so yield is important)
Logan area due to great yields low prices
Clonatrf near brisbane - just started looking into this area as close to Bne, good prices, close to a bay etc
South of Gold Coast border - Tweed - due to being close to gold coast yet prices are much cheaper
Went through the whole debate of land tax last time i was buying around 6m ago and decided to buy in qld anyway as good rent.
Now I just cant justify buying in qld again - i am comfy with buying in qld as i can easily visit the areas, do minor renos if needed, husband works around the areas so easier to see the bad/good areas, brother in law lives and developes in toowoomba (unfortunately i cant afford to do this) seems to be options of capital growth and ok rent
BUT if land tax was say 1% roughly then on a $300k property and land val was $150 still paying $30 approx pwk in land tax, i am already up in the threshold and paying Land tax for other properties but considering its hard enough to find positively geared property getting another $30- pwk extra in rent to cover land tax would be even harder.
So what does everyone do ?
Could buy in Tweed area something cheap mid $200's to low $300's with $10-$15k reno rent $350 ish (not great yield like logan).
could take awhile for something decent in this price range to come up but atleast then we are only 10 mins drive away so easy reno and there are alot of nicer areas in tweed (aswell as the bad) and hopefully some equity asap from it.
How do you find out what the plans for areas are in the future - i looked on the tweed council site but cant seem to find - re improvements etc
anyway this is my ramble of what i have been thinking for the past few weeks once we decided we would buy again......... any opinions or advice would be great as im starting to get a headache.
Also I am due for my first baby in 2 weeks so if anyone would like to reassure me labour is easy that would be great too
Am looking into
Toowoomba due to ok yields and airport going up etc, (good capital growth for equity but then our stretergy is buy and hold so yield is important)
Logan area due to great yields low prices
Clonatrf near brisbane - just started looking into this area as close to Bne, good prices, close to a bay etc
South of Gold Coast border - Tweed - due to being close to gold coast yet prices are much cheaper
Went through the whole debate of land tax last time i was buying around 6m ago and decided to buy in qld anyway as good rent.
Now I just cant justify buying in qld again - i am comfy with buying in qld as i can easily visit the areas, do minor renos if needed, husband works around the areas so easier to see the bad/good areas, brother in law lives and developes in toowoomba (unfortunately i cant afford to do this) seems to be options of capital growth and ok rent
BUT if land tax was say 1% roughly then on a $300k property and land val was $150 still paying $30 approx pwk in land tax, i am already up in the threshold and paying Land tax for other properties but considering its hard enough to find positively geared property getting another $30- pwk extra in rent to cover land tax would be even harder.
So what does everyone do ?
Could buy in Tweed area something cheap mid $200's to low $300's with $10-$15k reno rent $350 ish (not great yield like logan).
could take awhile for something decent in this price range to come up but atleast then we are only 10 mins drive away so easy reno and there are alot of nicer areas in tweed (aswell as the bad) and hopefully some equity asap from it.
How do you find out what the plans for areas are in the future - i looked on the tweed council site but cant seem to find - re improvements etc
anyway this is my ramble of what i have been thinking for the past few weeks once we decided we would buy again......... any opinions or advice would be great as im starting to get a headache.
Also I am due for my first baby in 2 weeks so if anyone would like to reassure me labour is easy that would be great too