Sere Posted October 5, 2019 Share Posted October 5, 2019 Hello We live in sydney but we are thinking to buy a house in Queensland,probably surfer paradise as an investiment! can anyone tell me how will work?and how much the deposit will be? Will be easy after to rent it? thanks Quote Link to comment Share on other sites More sharing options...
Skani Posted October 6, 2019 Share Posted October 6, 2019 You need to do considerable research before buying an investment property - people can lose money and the south east Queensland market has been very volatile at times in the past. Here are some resources which explain what you need to know and think about: https://www.moneysmart.gov.au/investing/property https://www.qld.gov.au/law/housing-and-neighbours/buying-and-selling-a-property/buying-a-home/before-you-start-looking https://www.yourmortgage.com.au/calculators/can-i-afford-investment-property/ Only your financial lender will be able to tell you how much they require as a deposit - but often 20% is required for an investment property. Quote Link to comment Share on other sites More sharing options...
Zack Posted October 11, 2019 Share Posted October 11, 2019 Not a great place to have a investment property ,the Gold coast is full of young drunken or drugged up thugs, that don't work that club together to rent a flat. You need to do a lot of research. We have friends that have regretted they ever invested in high rise rental apartments there. Plus there is a ongoing situation with Building faults in most high rise apartments all over Australia. And no Insurance. The Message out there is buyers beware. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.