Hi, a Somersoft newbie here.
We are just hitting age 50 and looking to get an IP or two going in time for retirement. Finally got some spare cashflow now the kids have grown up.
OK so would you recommend closer in to the CBD, say Nundah, Chermside, Everton Park, which would require a higher mortgage, or outer northern corridor, such as North Lakes and Griffin? Brand new homes, more tax deductions for better cashflow. Much lower mortgage and lower difference between rents and outlays, than inner suburbs, but lower annual CG (6% compared to 10% ave over ten yrs)
All feedback gratefully received
TIA
We are just hitting age 50 and looking to get an IP or two going in time for retirement. Finally got some spare cashflow now the kids have grown up.
OK so would you recommend closer in to the CBD, say Nundah, Chermside, Everton Park, which would require a higher mortgage, or outer northern corridor, such as North Lakes and Griffin? Brand new homes, more tax deductions for better cashflow. Much lower mortgage and lower difference between rents and outlays, than inner suburbs, but lower annual CG (6% compared to 10% ave over ten yrs)
All feedback gratefully received
TIA