Hello everyone.
Long time lurker first time poster here.
I have learnt quite a lot from this forum and from reading the books listed in the information area.
I have my wedding coming up in April so I'm not ready to buy at the moment but I have been cruising real estate looking for + cash flow properties.
I found this town house in Ipswich which looks too good to be true. Would someone be able to look at it and tell me why it wouldn't be a good investment?
http://www.realestate.com.au/property-townhouse-qld-churchill-113454107
I realise the body corporate fees are ridiculously high but even when subtracting them from the rent at $180 per week the yield is 6.9%
Thanks in advance for any insight offered.
Long time lurker first time poster here.
I have learnt quite a lot from this forum and from reading the books listed in the information area.
I have my wedding coming up in April so I'm not ready to buy at the moment but I have been cruising real estate looking for + cash flow properties.
I found this town house in Ipswich which looks too good to be true. Would someone be able to look at it and tell me why it wouldn't be a good investment?
http://www.realestate.com.au/property-townhouse-qld-churchill-113454107
I realise the body corporate fees are ridiculously high but even when subtracting them from the rent at $180 per week the yield is 6.9%
Thanks in advance for any insight offered.