I'm seeing quite a few apartments in the Mawson Lakes area that have implied gross yields around 6.5-7.5%.
Seems to be everything you need nearby for shopping.
20 minutes into the city by train.
Uni campus and schools.
Looks like rents & prices have gone nowhere for around 5 years (and perhaps might be stagnant for sometime yet given new development still going on).
Any SA investors hold a property in Mawson Lakes? What's your experience been with finding a tenant, strata costs and any other pitfalls I might be missing?
Mawson Lakes (Adelaide)
Seems to be everything you need nearby for shopping.
20 minutes into the city by train.
Uni campus and schools.
Looks like rents & prices have gone nowhere for around 5 years (and perhaps might be stagnant for sometime yet given new development still going on).
Any SA investors hold a property in Mawson Lakes? What's your experience been with finding a tenant, strata costs and any other pitfalls I might be missing?
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