Quote:
Originally Posted by MrBaldBastard
speculative buying rather than long-term investing, tenants are to much hassle, average here for a say a 2 room apartment is 900k most suburbs get 10-20% growth a year, so your making 100k+ a year just from that. Put a tenant in there and you make anther 30-40k a year but it limits when you can sell, and the condition the place is in, figure in 20k for a quick freshen up of the place.
For a lot of investors it's just not worth it, better to run it empty and flip for another one.
Here's my suburb for ya
https://www.realestate.com.au/invest...eray,+nsw+2062 |
Oh ok, I'm talking about buying apartment buildings not single family or one unit residences.
And wow 10-20% growth a year on real estate? I don't follow the re market in Australia but that sounds like you're in little bubble yourself.