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ahh well done for those rents, I have no idea how you get such high rents,
but my last purchase in 4114 was a 3bdr highset, purchased jan 2014
$195k, spent $10k, now renting for $320pw
That's an AWESOME price, TMNT, for a highset house!!!!
And an awesome return.
I don't know how you did that!!! WAY COOOL!
(Sending admiring glances your way! )
you are getting 450 and 550 for your logan props!!
thats awesome!!!!!!
kudos
http://www.realestate.com.au/property-unit-qld-woodridge-116431247
175 for the pair. 10% yield? thoughts?
http://www.realestate.com.au/property-unit-qld-woodridge-116431247
175 for the pair. 10% yield? thoughts?
Hi TMNT, dual living doesn't necessarily mean you have to rent out top and bottom separately as separate tenancy contracts. 'Dual Living' can mean you have a teenager or elderly parent who wants to have their own separate space downstairs.
You won't get this type of property being quoted at 240K in this market in Logan anymore. Even 3 bedrooms/1 bathroom are being quoted for 279-299k at least. How the market has hotted up in the last month or so!
I hope I didn't contribute to it, hahahaha!
But for the record, yes, you are right, TMNT, 'dual living' in the sense of separate tenancy is being cracked down in Brisbane City Council suburbs, ask RPI. Not in Logan City Council suburbs. In fact the Draft Logan Plan regards dual living(dual key), dual living (2 houses on one title, duplexes, split-levels) and granny flats in a positive light (if all stays true to the draft).
No, my rentals in Logan are not fully furnished or 'dual living'. They are single tenancies. No separate tenancies in any one house even though 2 houses are legal height and have separate entrances.
Hi Beanie Girl,
I am very interested in how you go about this, I have a place in Tingalpa which was owner occupied and they built a granny flat attached to the side of the house. Do you get the PM to advertise as "dual living" and sign up with one lease? Is this advertised through the normal channels or do you specifically target Gumtree etc?
Hi Beanie Girl,
I am very interested in how you go about this, I have a place in Tingalpa which was owner occupied and they built a granny flat attached to the side of the house. Do you get the PM to advertise as "dual living" and sign up with one lease? Is this advertised through the normal channels or do you specifically target Gumtree etc?
agents arent allowed to advertise as dual living if they arent legal height or legal, they can get into a lot of trouble.
however, many tenants know this and they can read between the lines or "attached dwelling" and will use it the way they want,
I dont think agents are allowed to accept separate payments from different tenants as well, but that might have been an agency policy and not law
Thank you both for the replies, Beanie Girl that is very helpful for my situation. Looks like some homework to do.
http://www.realestate.com.au/property-unit-qld-woodridge-116431247
175 for the pair. 10% yield? thoughts?
is there a difference between a pensioner unit and normal unit?