gold coast, labrador...thoughts??

[Joker]

Just thought I would give an update on my latest rental experience with my IP. As per the earlier posts, I have a 3br 2bath SLUG townhouse in Upper Coomera.

It has been at the same rental level ($320) since 2011 with some periods of vacancy during that time. 5 weeks was the worst changeover vacancy, Well the recent tenants vacated after being there for 12 months and I feared the same outcome with some period of vacancy. Well it was rented straight away. And at $350. This is the highest rental it has achieved.

Maybe things are looking a bit brighter on the Gold Coast..

That is good to know. I also have an IP in Upper Coomera. Hopefully things are on the way up!

 

[fernfurn]

We are in a block of 4 townhouses - 2 together and then 2 together down the back. The back one and ours are practically the same and the only ones with sea views and he had to sell in a hurry recently to shift overseas. It sold in 3-4 weeks for $15k more than we bought for so we are holding our own