This month will see the completion of my latest IP in Morningside. It is a 5 bedroom 3 bath with DLUG. The expected rental is somewhere between $500 and $550 per week.
You will find thet there are very few houses of this size in the inner suburbs. Therefore renting them out is a lot easier.
You will find the inner suburbs full of old 2 and 3 bedroom houses. Therefore if you purchase such a house as an IP you are competing with other landlords hence returns are low.
Sailesh Channan
http://www.developersedge.com.au
“Helping you select,develop and profit from property”
