QLD Rockhampton QLD

Discussion in 'Where to Buy' started by TammyLJ, 12th Sep, 2020.

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  1. TammyLJ

    TammyLJ New Member

    Joined:
    12th Sep, 2020
    Posts:
    1
    Location:
    Queensland
    I’m looking at buying my first investment property with my son. I want a positively geared property but still with capital growth. What are thoughts on regional towns or should we stick closer to capital cities?
     
  2. Boss

    Boss Well-Known Member

    Joined:
    9th Mar, 2018
    Posts:
    1,282
    The extent to which any property is positively or negatively geared is predominantly determined by the cost of money.

    Plenty of fixed rate options between 2%-2.5%.

    That said, however, you may still struggle to positively gear in the capital cities...unless you build a granny flat in the backyard and/or divide the house in two.

    SQM provides rental yields (in percentage terms) for all postcodes in Australia.

    So if you're primarily chasing yield...perhaps start there.
     
  3. jared7825

    jared7825 Well-Known Member

    Joined:
    10th Apr, 2020
    Posts:
    190
    Location:
    Qld
    Your thread is titled Rockhampton so I assume that’s where your looking.
    I picked up one in this area a few months ago and due to the rental prices and low vacancy it’s slightly cash flow positive but I expect that capital gains will be limited if any unless the area goes into boom
     
  4. Willy

    Willy Well-Known Member

    Joined:
    12th Sep, 2017
    Posts:
    285
    Location:
    NSW
    I looked at Rockhampton for a while but was just too far away for me to be able to spend enough time on the ground.
    House prices and yields looked very attractive for city of it's size. At a similar price point and yield in NSW your in much smaller regional towns.
     
  5. MSS87

    MSS87 Active Member

    Joined:
    11th Aug, 2019
    Posts:
    39
    Location:
    Rockhampton
    My property manager who manages my Rockhampton rental has recommended increasing my rent by $40 a week as tenant recently moved out. Rental market is definitely tightening up in the town.
     
  6. The Grinch

    The Grinch Well-Known Member

    Joined:
    22nd Sep, 2019
    Posts:
    229
    Location:
    Cairns
    Can also try Mackay. I know the vacancy rates there at the moment is absolute bonkers!
     
  7. Samj

    Samj Well-Known Member

    Joined:
    14th Mar, 2016
    Posts:
    236
    Location:
    QLD
    I heard that it's bit challenging to find good PMs (also good tenants) in there. Could you please share the details if you have found a good PM? Thank you.
     

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