If you had 200k to spend..

Hi all,

I’m interested in your thoughts, if you had 200k to buy in the lower end of the market where would you be looking and at what?

Thanks!

 

I wouldn't.

 

Rural acres, near the sea.........getting back to nature, living in a tree, a small camp fire, a billy or two marsh mallows on a stick and gaze at the night stars with the haze of smoke to keep the mozzies at bay. What a life.

 

I wouldn't spend 200 on anything
but I would spend 100 on something and put 50-100 into it to get a good return

or you buy a unit in adelaide or a semi detached

 

Can you still get all that for $200K? Facing Antarctica maybe, not in the sub-tropics

 

Agnes Waters

 

If you look you will find it. Paradise is out there. I will research Agnus W and other places when I get a chance.

 

Even if that was your borrowing power for the next 5yrs?

 

If thats your borrowing power because your income is low, can you really afford it?

 

Do you like mining towns?

 

Yep! We have purchased an owner occupied and are on one income for a few yrs. We are looking at buying a small unit somewhere rather than not so anything for the next few years. We can afford it because it will be rented.

 

A regional town. The problem is lack of capital growth. When you do the numbers you need quite a bit of capital gain over 10 years to make money.

There are a few threads on here on this topic.

Low income earners are often long term renters the flip side is some are not the best tenants and areas can have social problems.

search on here for 150k and 200k

 

Cant seem to find Agnus Waters. Might have mispelt it. I'll try without the "g". Reminds me of the 7th planet from the sun lol.

 

Lots of good ideas posted already

200K will probably get you into a regional city house in middle of nowhere which says risk risk risk, or maybe a 2 bed townhouse/unit like in Beenleigh QLD hopefully near the Beenleigh shopping centre/train station.

On the upside if you're at GC you can probably check out the units yourself, only a short drive away.

Cheers,
David

 

Real Estate & Property For Sale between $0 and $275,000 in Agnes Water, QLD 4677 (Page 1) - realestate.com.au

 

1/7 Baldarch Street Slacks Creek Qld 4127 - Unit for Sale #128364530 - realestate.com.au

Here you go, bit of sweat equity to be had, rent around $280-290. Cash flow nutral 'ish. And your not out whoop whoop regional.

 

lot 29 Aquatic Vista Agnes Water Qld 4677 - Residential Land for Sale #202031342 - realestate.com.au

They built a town on water according to this picture!

 

Try Mildura. You will get 6-7% yield and 3% growth a year - based on historical data

 

Only $2,000 over budget. Well worth it.

All ya gotta do now is convince wifey it's a good investment .