I have 40% deposit to put down with an excellent rental income – 2 and half times the mortgage ! Would it be good for investment purpose? Any advice would be greatly appreciated, thank you.
If you are investing for cashflow, then yes.
If you are investing for cap growth – no-one knows. Look at the area; infrastructure, employment opportunities, amenities etc.
Yes, don't just decide on rent.
What if the place was a dud and the rent didn't go up for 10 years.
You want some capital gains – probably more so than rent. CG will make you rich,
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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