buy to let
 

can any one tell me if they do buy to lets in oz?
as i'm looking into doing properties up and that is what i have done back in the uk

thanks
lew

Re: buy to let
 

how bout we buy a house and let it to you?
Looking at a 3-bed but could really be a 5 bed, with no lounge - what do you think???

Re: buy to let
 

They are called investment properties. You can buy them and rent them out but you will not be eligible for the first home owners grant though.

Re: buy to let
 

Yes, of course they do.

I have two such properties myself.

My mother does this too.

:)

Re: buy to let
 

Is the Pope Catholic?

Re: buy to let
 

They do but I don't understand how anyone can afford it, our house costs us $1500 a month to rent, but to buy it we'd be paying a mortgage of $2500... Not a very good rental return :huh: Of course it would be different if you'd done it a few years ago when houses were cheaper (and from what I can tell rents weren't much lower)....

Martyn

Re: buy to let
 

It's still possible; you just have to be realistic, and try not to set your sights too high. Start small; finish big, that's my motto. ;)

My wife and I have just bought our second investment property, and I reckon it's pretty good value for money.

You can see it on this thread.

:)

Re: buy to let
 

All the hundreds of thousands of properties to rent on all the websites and in all the papers are investment properties owned by someone. It's far more common here to own one or two extra properties by the time you retire.

'Buy to let' might be a new-fangled idea in the UK but it's been the standard way for Australians to invest their money for generations.