Hi I am a first time investor and still looking to buy my 1st investment property.
I have done some research in Melbourne in the new estates far from the city which fits my budget $330 - $350K
I just looked into Springwood QLD and found townhouses worth around $300K
http://www.realestate.com.au/buy/pr...y&activeSort=price-asc&source=location-search
And rent at and around $330-$340 Per Week mark
http://www.realestate.com.au/rent/p...127/list-1?maxBeds=any&source=location-search
So it seems that its a good buy in terms of yield and only 20Kms from city.
Am I on the right track here?
if anyone has invested in the area can share their view around capital growth and future development of the area.
My budget is $350 Max
Thanks
I have done some research in Melbourne in the new estates far from the city which fits my budget $330 - $350K
I just looked into Springwood QLD and found townhouses worth around $300K
http://www.realestate.com.au/buy/pr...y&activeSort=price-asc&source=location-search
And rent at and around $330-$340 Per Week mark
http://www.realestate.com.au/rent/p...127/list-1?maxBeds=any&source=location-search
So it seems that its a good buy in terms of yield and only 20Kms from city.
Am I on the right track here?
if anyone has invested in the area can share their view around capital growth and future development of the area.
My budget is $350 Max
Thanks