Quote: (07-07-2017 06:52 AM)Australia Sucks Wrote:
I know its a bit off topic but in Australia its much harder to make positive cash flow from investment properties because here interest only investor mortgages typically have an interest rate between 4 and 5%, also the majority of properties in desirable locations have low rental yields. Its still possible to generate positive cash flow do but its much harder to do than in the U.K., U.S.A. or certain countries in Europe.
Yeah that's not too good, 5% is more like commercial mortgage rates here. I just got approved for a new mortgage at 2.59%, crazy really - borrowing £90k for less than £200/month.
It's strange here in the UK, London is the same as you said - very hard to buy somewhere with a good return or cashflow because prices are so high. Then go 2/3 hours North, prices drop massively but rent stays reasonably high.
I'm taking advantage of it while it lasts.