NSW Is it an true IP or potential pitfall

Discussion in 'Property Analysis' started by Canopy, 12th Feb, 2019.

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  1. Canopy

    Canopy Well-Known Member

    Joined:
    4th Dec, 2018
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    83
    Location:
    Sydney
    I would appreciate point of view on this property - 30 Tonkin Crescent, Schofields, NSW 2762

    - Understanding why these could be potential money pit.
    - What if initially want to see it as a IP but later move as life changes direction.
    - View around livability, price and rental yield
     
    Canopy, 12th Feb, 2019
    #1
  2. Trainee

    Trainee Well-Known Member

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    24th May, 2017
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    10,348
    Location:
    Australia
    Theres no price on it. How do you calculate yield? May not be a money pit but the usual with outer suburbs with lots of new land, might be the start of a downturn, flat at best.
     
    Trainee, 12th Feb, 2019
    #2
  3. Canopy

    Canopy Well-Known Member

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    4th Dec, 2018
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    Location:
    Sydney
    When I checked it's close to 700k....
     
    Canopy, 12th Feb, 2019
    #3