I currently live in Canberra and am new to this investor game. I have been looking around the Canberra and Queanbeyan market for the last couple of weeks however I too am finding it extremely difficult to find any CF+ve residences.
I am now looking at units which are CF+ve however I am particularly worried about the fact that land appreciates and property does not. In everyone elses more experienced opinions, is it worth investing in units that offer no land and no chance of capital gains and to just solely concentrate on the cash flow every month???
I’m very excited by all this, I have the means to invest, yet I am confused as to if I would be making the right decision.
Any words of wisdom from people that have already been there would be much appreciated.Thanks very much for everyones time,
David M
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