Is St Leonards a great buy or bad buy for a prospective residential unit investor?
1) Is there a danger of a glut or an over supply and too little renters?
2) Can I rely on rental to generate a long term steady stream of income to help or significantly defray and off-set my costs overheads (e.g., bank interests, charges and fees, body corp strata levies, R/E property management commissions, vacancy factors, etc.)
3) Property capital appreciation (short-term or within 1 - 2 years, medium or 2 years to 7 years, long-term or more than 7 years.)
4) Resaleability. Will there be danger of over supply in the short, medium or long term?
5) Good option exists in converting investment property into an owner-occupied property?
2) Can I rely on rental to generate a long term steady stream of income to help or significantly defray and off-set my costs overheads (e.g., bank interests, charges and fees, body corp strata levies, R/E property management commissions, vacancy factors, etc.)
3) Property capital appreciation (short-term or within 1 - 2 years, medium or 2 years to 7 years, long-term or more than 7 years.)
4) Resaleability. Will there be danger of over supply in the short, medium or long term?
5) Good option exists in converting investment property into an owner-occupied property?
The opinions expressed here are those of the individual and not those of Homely.com.au.
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