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Is buying sight unseen safe?

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Your Investment Property | 20 Feb 2012, 12:00 AM Agree 0
Q: My husband and I are in WA and want to buy an investment property. We are exploring the idea of buying interstate, but worry that buying sight unseen could be too much of a risk. What’s the best way we can go about our research in an unfamiliar market?
  • Rodney | 21 Feb 2012, 01:02 PM Agree 0

    I am considering establishing an SMF and utilising it to purchase an investment property. I have approx $160k available with annual employer contributions of approx $8500 to put towards repayments (together with rent). I live in Tassie but am drawn by the Queensland sun (probably not a sound investment basis!). I'd welcome comments on your suggestions re residential property investment and the Qld market or alternatives. At 48 I'm seriously looking at increasing my super investment.

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