Hey there everyone, It’s been a long time since I’ve posted anything here but today I decided to start writing up little ‘articles’ about the things that I’ve learnt, know and opinions I have in realestate. Many of you will feel strongly about the suburbs I’ve written about in this one but please have a gander anyway. Here goes nothing, Rob. With the current economic climate, political throes and real-estate doomsayers anyone would be skeptical when it comes to bricks and mortar investing. If you really pay attention to the articles you’re reading though, you’ll see the only doom you’re reading about is in Sydney and Melbourne. If you know there’s more coffees than just lattes and cappuccinos you’d know that there’s more to Australia than just those two cities as well. Capital gains are great, however if you can’t sustain your mortgage repayments then you’ll never see those capital gains anyway! Cash flow is what any first-time investor should be looking at in my opinion. It’ll alleviate the financial stress that you’ll feel in your first couple of years after buying your first house so you can keep your lifestyle and have an investment property at the same time. ‘Have your cake and eat it too’. If you don’t have much of a deposit that’s fine. There are a surprising amount of good quality properties in the sub $200’s around the country and you could get them with a deposit as small as 20-40k and you don’t need to have a big salary either. Take Elisabeth in Adelaide for instance:high rental yields, large blocks of land, and a very active council rapidly gentrifying the area with financial support from private investors and even the federal government. And if the stigma of Elizabeth is too much for you to stomach then how about looking in Townsville where the suburb of North Ward has an ample supply of 2 bedroom apartments under $200k in a city that offers a superb lifestyle just a couple of hundred meters from the beach. Since your mortgage will be almost nonexistent you’ll have more disposable income to enjoy all the culinary options along ‘The Strand’, catch the ferry to Magnetic island or even go scuba diving in the great barrier reef all while having that massive smart TV you couldn’t afford before. Many professionals agree that Townsville has hit the bottom of its cycle, so you can feel confident putting your money there. Historically the town also has rapid capital gains during its up-swings. Oh and did I mention they have more than 300 days of sunshine a year? If your budget can stretch further though why not look in Brisbane. It’s a major city, with the most amazing CBD. They have public pools and a mini beach IN THE CBD!! And it’s just about an hour drive to the Gold Coast if you want to go and fight the tourists for a wave at Snapper Rocks. In the suburb of Kelvin Grove, that is merely a 20 minute walk to the CBD, I recently went to a home open for a top floor apartment asking $440k; it was 2 bedroom with a pool in the complex and a body corporate with sinking fund healthier than your keto diet friend. The cherry on topwas being that the council has put a height-limit of three stories on all future developments in the area so you could have unobstructed city views for life. If you plan to invest have a look around the place. Speak to professionals and if it’s an investment don’t buy from the heart, buy for the back pocket. There’s a good chance that Labor will get in at the next election. They have plans to rid negative gearing on real-estate accept for new properties, but if you already have an older property that is negatively geared then it will remain that way. Also don’t be afraid of distance. Contrary to popular belief you can still claim your travel expenses if they are ‘at a distance’ and you can claim your accommodation if ‘it would be unreasonable to expect you not to stay near the rental property overnight when making an inspection’. That information is readily available on the ATO web site. Happy house hunting!