Property anywhere in Australia for $150k

Seeing 2 br units up here in Darwin now for 180k....

However I agree with just about everyone here houses in Adelaide, logan, outer Perth, Townsville etc are better options....

Zillions of options in our apparently "overpriced" country seemto magically appear once you start looking outside the Syd/Melb bubble....

Happy shopping!

 

It was liveable as is, didn't need much work. I spent an extra 3-4K on paint and new carpet to make the place seem nicer. Easy wins.

Edit: also went around doing all the small maintenance issues (leaky taps etc) myself so they didn't cost me $100 a pop when tenanted.

 

Loads of Country town cheapies....good luck with any CG or rental pool....

 

Shouldn't buy just for the sake of it, but with the potential high vacancy, higher renovation costs and possible low lower potential for capital growth, may need to consider if the money could be used for something else. Have a look at some places in Tasmania, but looking at some of the history of the properties, experienced hardly no growth.

 

buy a few car spots in Sydney CBD ?

 

Do you have any experience with them? How often do they sit vacant and what sort of return can you expect?

 

I don't, but it is something I be interested in myself. I'm sure this has been discussed before, might try and dig up old threads

 

I've looked around in the past but couldn't see any positive thoughts on it. No CG and not good enough CF

 

No growth drivers there...

 

Early 2's will get you a HOUSE in Logan if you look hard and long enough

 

Personally i wouldn't bother with property that cheap. from what i've seen, the fantastic gross returns just get eaten up in fees and net returns are actually pretty bad.

I was assessing some units in Osborne park for around $200k, but factor in strata, rates, agent fees, maintenance, and as much as 40% of your rent can disappear pretty fast - before you've even considered a loan. Then when it comes time to sell, your agent fees and general effort factor all weigh on the smaller gains of the property. I'd be saving my equity until i could leverage something better.

 

Will be good if I can find that