Is it a good time to buy a unit in Toowong, Brisbane?

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We are thinking of buying the 2brm unit we are renting from my boyfriend’s parents. It is likely we will be able to get a good price, but we plan to go overseas (probably Europe) in 6-12 months (for 3-6 years) and are concerned about having the stress of mortgage repayments back in Australia. It would only make sense to us if we could make back most of the loan repayments from the rent we get on it. We are in our mid-late 20s and this would be our first property purchase. If we chose not to buy it, it would be sold to someone else.

1 Comment
  1. Reply
    Ty H
    April 29, 2011 at 11:49 pm

    Real estate has almost reached bottom. Now is a great time to get into real estate.

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