My thanks to both of you. The present open market rent in the area is just over half of what the builder is offering for the 2 to 3 year period.My thoughts are that the local rents MAY go up during the next couple of years and as the erea becomes more established the value of the property may also increase. I would hopefully hold it for the long…[Read more]

Originally posted by crusher:
There really is not enough information here to give any sort of detailed opinion but 9% is a good return for a new property as long as you don’t pay an over the market rate price for it. You need to consider how long you want to hold the property and what sort of market rent return you will get when the builders…[Read more]