am recently interested in purchasing a 3 bed townhouse in muswellbrook nsw.price 145000 rental income 180 per week.wife not sure as muswellbrook aint a very big city.
any thoughts
woodsy
woodsy – there is no right or wrong answer here. it depends. the return is abt 6 pct so its negatively geared so with the usual deposit you will be out of pocket prob in area of 300 bucks per month. luckily the townhouse isnt that expensive so 300 bucks for most people (70 bucks per week) isnt gonna hurt too much.
what you also have to do is do your due diligence of the area. find out growth prospects, local realestate market, make sure the quality is good, look at overall rental market, prospects for growth etc etc. if this stuff looks ok and you can handle the negative cashflow then go for it…
You must be logged in to reply to this topic. If you don't have an account, you can register here.
