We are looking to buy in a country town not that far from the city by train. I am wondering how important the location of the house is in relation to shops etc is in the country, given that most houses are within a 5km radius of the shops/schools etc. The place we are looking at is in a new housing development on the edge of town, about 5km from the shops and 3km from the schools.
The numbers work really well and there is a very low vacancy rate, so not worried about getting a tenant at the moment, but if things change in the future would this change? Does anyone have any experience with this? Established houses aren't selling fast in the estate, but I think it is because you can buy a brand new one for $10,000 more and that appeals to the first home buyer. We are looking to buy and hold for the long term.
Any experience/suggestions would be appreciated.
dbliss
With exceptions, the rule seems to be that country properties will provide a better rental yield, and city properties a better capital gain. That's not to say it all evens out. I'm sure you'll get plenty of feedback on this from forumites.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
