Hi Simon
I have 3 investment properties on the GC. 2 units and a townhouse. 2 were bought ’emotionally’ and the townhouse was bought from deceased estate. The 2nd unit we purchased was in 2007 and we paid top dollar for it. (just before GFC) that unit is still not worth what we paid in 2007. We are getting good rent now for them all but there hasnt been much growth.
I think you mentioned Southport Central. The Body Corporate fee’s would be very expensive in something like that. I would look for an older block of units with no lift. There are still bargains to be had along the Broadwater if you head Nth of Southport.
Hope this helps.
Cheers, Di
