2 Bedroom home in Mungindi on the QLD border, $62,000
515 km from Brisbane, just a few hours from Toowoomba.
Good investment home, it has a tenant paying $140 pw.
What a good start to a portfolio or just a tree change with city living!
Near town centre and close to schools and shops (walking distance) and the hot springs bath.
Has town water and sewer
Land size 809,400 square metres, big yard room for big shed and pool
2 bedrooms
1 bathroom
1 kitchen and combined dining
1 laundry
1 lounge
Air condition
Fully fenced
You could just set and forget this house, buy it with $2k deposit and take out loan for $60k at the Bank using the calculator a $60k loan repayments are at today’s rates over 30 years at $250 per month principal and interest or over 15 years at $410 per month principal and interest.
Note payments will be way less for the bigger the deposit or get a smaller loan and put in cash you may have. Or if you are a self super holder and use your super to buy it, this investment may give you more in return. Just through rent and then you have what the house and land capital is worth at the end.
Or if you have the money in your bank you will earn way more than the interest of that money sitting in the bank. Let alone if we go into negative interest rate, you then will have to pay the bank to have it in your account.
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