All Topics / General Property / Is this deal OK

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  • Profile photo of TOWLIETOWLIE
    Member
    @towlie
    Join Date: 2003
    Post Count: 11

    Heres the deal.

    # 24 perch,
    # 3 Bedroom + 1 entry through laundry.
    # Suburb of Brisbane 12km from CBD.
    # Bus stop out the front.
    # Close(walking distance from a school)
    # Busy street/ but not a major street
    # Needs restumping($3500)
    # Needs new kitchen($3000)
    # Needs new bathroom($3000)

    Asking price $220,000

    Rent as is(not that flash) – $230 per/week

    Borrowing $220000 + costs (Have equity in other properties)

    Not postitively gear I know. Thinging more of capital gain,

    What do you think.

    Cheers Man

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225

    TOWLIE, 12ks out of Brissy CBD sounds OK as a growth prospect – but will depend exactly where – do you know Brisbane. You can email me for some anecdotal info if you like
    lrobbie%netspace.net.au

    Cheers
    LR

Viewing 2 posts - 1 through 2 (of 2 total)

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