My wife and I are travelling around Aus and like the sunshine coast and will settle here when we finish and therefore no income for the next year. We are in a position to purchase a house and rent it out. Should we buy a new house and rent it for year then move in when we get back, or buy an older house and rent it out?
Would a positive cash flow from the rental be a good or bad thing in our situation?
Would it be advantageous to get a small mortgage or better to freehold?
Any help appreciated.
Thanks
AndrewPWelcome to one of the best growth areas in Queensland. If you’re not going to be around for a while, I would suggest that you buy the new home so that you won’t have any maintenance problems to worry about while you’re travelling.
When you get back you should find that it has increased in value considerably.
On The Sunshine Coast Of Queensland Where Our Bones Are Always Warm
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