Hello,
This is my first post.I would like to buy a block of 6/7 units or flats that returns 10-12% [or more[
]] in the southern Brisbane or Northern Gold Coast area and am having trouble finding out where to start looking .
Can anyone point me in the right direction.
Thanking you
Boo Boobooboo,
Type in the name of the location into google.com (australia only site).
As in “real estate blah”. Or go to realestate.com.au and type in some of the general locations you’re thinking of. The latter site can be outdated, but it can let you see some of the RE’s in the area, and what kind of prices the blocks of units might be.
The rest is up to you, booboo!
kay henry
Thanks Kay
Hi Boo Boo,
I’d start ringing around to commercial real estate agents too eg Ray White Commercial, Frank Knight etc as this won’t be a straight residential property and most RE Agents won’t attempt to sell it.
Lending as a residential purchase will be tricky too – St George may do it along with a few others but all at fairly low LVR’s.
Good luck!
[
]
Mel
[email protected]Hi melanie
What LVR do the banks normally lend at,
And any hints on what top look oput for with problems with tenants and builing
Boo Boo
]] in the southern Brisbane or Northern Gold Coast area and am having trouble finding out where to start looking .
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