All Topics / Help Needed! / House in Hills district to rent out – good decision?

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  • Profile photo of manadeepmanadeep
    Participant
    @manadeep
    Join Date: 2014
    Post Count: 12

    As a general rule of thumb, do people like renting out houses that are situated in a convenient location?
    I am looking to purchase a house in the Hills district of NSW (Quakers Hill, Baulkam Hills, Castle Hill, Kellyville), and recognize that I will be cash flow negative, but want to understand if I will be in a situation of my property not being rented out at all.
    Any help appreciated!
    Thanks!

    • This topic was modified 3 years, 8 months ago by Profile photo of manadeep manadeep.
    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396

    Stick to the basics close to schools, transport and shops. Vacancy rate is currently very low there.

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    It would be very unlikely to a standard property in a metro area in Australia and have it indefinitely vacant. You can look up the vacancy rates by suburb here: http://sqmresearch.com.au/vacancy.php?t=1

    Generally suburbs float between 1-5% dependent on how tight ownership is in an area.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

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