QLD Cashflow Positive IP in QLD or regional NSW?

Hi All,

I'd like to know, if it is possible nowadays to get Cashflow+ investment property?

My budget is approximately $300-325k maximum and looking for anything that is neutral or even better Positive Cashflow if there is such IP nowadays.

Locationwise, I've been getting some feedback from my friends to look in QLD around Ipswich LGA or NSW regional.

Any suggestion is welcome.

Thank you in advance.

 

Watchout with QLD - while yield can be high their holding costs (council/water rates) are generally higher than NSW.

With NSW I was wondering how the current bushfires impacted regional towns (whether affected or not).

 

How much principal are you including in your cashflow ?
Do you allow for taxation in your cashflow?
How much salary do you take out for your time ? (If you do not get the property managed )

 

If you buy well Logan has some great cashflow. In my opinion the location is better than Ipswich.

$300-325k will buy you a good property in Logan.

 

Perhaps give Cessnock/Muswellbrook a look.

What cash flow positive are you looking at, where gross rent is higher than monthly repayments, or looking for net positive at the end of the financial year?

 

What cg would you expect from your cf positive property?

 

15 Skyline Drive, Kingston, Qld 4114

41 Birch Street, Marsden, Qld 4132

Gladstone ..50/50
11 Atholl Court, Kin Kora, Qld 4680


There are about x--x listed in the public trustee site in Brisbane starting from 229.000k neg on 675 sqm's in the Logan footprint..I will never vote for wait for recession ..imho..

 

I expect a Cashflow positive to assist me with the monthly income to build deposit for my PPoR in NSW.

Because at the moment I have heard from my friends that property is on its way up (Recovery period), hence before it is too late, I'd like to build up some capital I can use.

 

How much income are you expecting to get? P&I is maybe 5%. Costs of property 1.5%. Even at a 8% yield you MIGHT clear 5k a year. Remember youll need to put a deposit down (50k at least?) which you wont get back until you sell the property, and selling has costs. Seems unlikely that a marginally cashflow positive property (on IO or P&I?) that ties up 50k of your capital will help much with a deposit.

 

NSW water will become more expensive anyway in the near future due to the Saltwater processing facility.

 

I've seen them both, here are the details you need to know:

Kingston is a COMPLETE renovator, it needs a LOT of work.

Marsden has extensive termite damage they have been right through the house including the roof space, that one you are only buying the land.

 

whats the real land value on the marsden one?

 

Thanks ,if you had to start some-where and you had basic trade skills or learn them then nothing wrong with Kingston for that price ..imho..

 

I think you're dreaming with this approach (sorry if that sounds a bit harsh)- I truly think you would get a better monthly income outcome getting a second job (eg driving Uber's or night-filling at Woolworths).

 

Sounds like you want cashflow AND capital gains
how much cash have you saved for a deposit on the IP?
How long until you want to buy the PPOR?

 

From RPData: 30/06/2019 $210,000
Corner block 792m2 I'd say the land alone is worth 240ish at least. House removal costs are another issue as commercial tipping rates when through the roof in QLD recently.

 

https://www.facebook.com/video.php?v=1083352568680761

 

Why do you thing Logan is better than Ipswich? I’ve been looking at both,but I’m leaning towards Ipswich ATM.

 

Closer to Gold Coast, closer to Redlands, better road into Brisbane. You have the train line from Brisbane to the Gold Coast running right through Logan. Far too much land available at Ipswich there is not much land left to develop in Central Logan. Pretty much anywhere North or South or East of Central Logan (Woodridge, Kingston, Logan Central, Slacks Creek down to Beenleigh and Eagleby) houses are more expensive.

 

Ipswich is a big area like Logan. It depends where & what you buy. I would suggest go & have a look at the two areas. Ipswich has suburbs that have performed very well to date e.g. Newtown.