If the free market was left to do it's thing covid would probably have resulted in a world wide depression. Be carefull what you wish for.
You will need to pay it off to get positive cashflow if you want to be in a half decent area. But then you mention leverage as well? Plenty of...
Very happy with my Inverell IP. Paid $200k and rents for $400/ week. Now valued at $300k. In 7 years it's been vacant for a total of 10 days...
How/Why is that yeild on VAS so high?
From your micro and macro analysis why did you choose Dalby over Toowoomba, Rockhampton or Townsville?
Good luck with it, dont think you can go too far wrong in Nth Qld at the moment.
Not knocking your purchase because I dont follow Townsville but 6.1% gross would be lucky to be cashflow neutral at the moment let alone positive...
What was the gross yield if you dont mind sharing?
That would have to be a bit of a red flag wouldn't it?
We've already had the benefit of inflation,booming share and property prices over the last 18 months post covid. Now with rising interest rates...
Nice, can I ask which area in Bundaberg?
Agree, from a capital growth perspective I favoured Bundaberg and Toowoomba over Rocky. But at the time you could get the same yield as Toowoomba...
ASX200 artificially inflated to 7600, currently 6700 Enough discount considering everything thats going on in the world at the moment? Nah.....
I considered all four and went with Rocky. All have been undervalued over the last 10 years. Ruled Townsville out, enough maintenance with...
Thats because there is no other mining in the New England North West. It's virtually all in Gunnedah. Forget the computer and take a drive.
Most of my debt locked in at 3.4% Rents have gone up 20 to 30% since the start of the year. More cashflow positive than ever before, all getting...
Very happy with Micah from Andrew Allen buyers agents for our Kallangur purchase.
Rents are going through the roof. One of my regional rents are up 25% in the last 6 months. Yield is more important than ever with rising...
This. Forget the bank altogether and find a good broker. Biggest (and most costly) mistake I made was going to a bank rather than a mortgage...
Ok if you are happy to bet on the future of coal. For the money much better yields in Nth QLD in much bigger cities with more diverse economies.
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