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Sere

Buy house in Queensland

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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

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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.

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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.

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