I originally went to just look at 4 properties, but while driving around the area i saw many for sale signs up. This worried me a bit, but also allows me to compare what a good deal is to all the other properties out there.
But it also made me think that i might not be able to get the rents i wanted, some of the good deals would still be positively geared, but not to the degree i hoped. But i did see some opportunities for improving the value of those properties.
Other observations was that Elizabeth downs seems to be older and more established then elizabeth, and elizabeth south seems to be very community housing based and lots of dodgy houses. but more schools and transport. it would be good to check some of the other surrounding areas too.
The trip has made me look into costs of developing some properties closer in to the city, and also want to talk to some real estate agencies property managers about what is in demand and what rental rates are like and how often places take to rent out in that area. Overall i would say it was a very productive trip.
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