- manadeepParticipant@manadeepJoin Date: 2014Post 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!
Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396Corey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
- This topic was modified 3 years, 8 months ago by manadeep.
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.