Hi,
I have been offered a contract on an off the plan 2 bed + study Townhouse in Townsville.
Price $210000, Rent appraisal $300pw.
Unfortunately I am not in a position to buying.
Let me know if you would like more info.
Darren
Fiby,
I would like more info yes please
Hi
I have a 2 bed and study property in Frankston (bayside Melb) and I cant get $160 per week. Sure it needs some work though.
I would check the rent appraisal if I was you. Sounds dodgy to me – but i have never been as far nth as townsville.
Cheers
Andrew
Yields in Central and North Queensland are way better than Melbourne not even close.
I’d do a check on the rental vacancies here. They seem to be on the increase, especially at the higher end i.e. around $300 p.w. $210,000 doesn’t seem too bad a price – which complex/what part of Townsville is it?
ShirleyIt is a new development in West End (close to the city).
For those interested, I will send email this weekend with more info and pictures, etc.
Cheers,
Darren
Isn’t this property a little far off the 11 sec rule? Are you intending to put a fair amount of your own money in as a deposit? I am just wondering how everyone else seems to find cashflow positive deals.
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