Real Estate Investment
Transcript: The ideal tenants we are looking for are a working family of no more than 4-6 people and not one with too many little kids because little kids will cause damage to the apartment. The tenants will not be allowed to have pets in the apartment as they might dirty the property. We will check the tenants previous rental record and check things such as: How long did the applicant live at the previous property? Did they pay the rent on time? What type of condition did they leave the property in? Was it clean and well-maintained? Did they keep pets? Why are they moving? The answers to these questions will indicate weather the applicant was a good tenant in the past. We will also make sure if the applicant is employed full-time or part-time. Finding out how stable the applicant’s source of income is will indicate whether or not he or she will be able to pay rent in the future. Trend for units is pretty stable and the houses price is slowly rising. 11/53 Meredith Street Bankstown This property is in the most popular location. With freshly painted interiors, high ceilings, all opening onto a large outdoor area, it is ideal for a family and is and minutes walk to Bankstown CBD. Features: * Unique double storey design, fully tiled throughout. * Spacious lounge & dining * Three good sized bedrooms, built-ins to all. * Two full bathrooms * Lock-up garage, video security intercom. * Centrally located near Bankstown CBD, train station and buses... * Short walk to schools,TAFE, College... Bankstown is located in Sydney’s south-western suburbs, between 13 and 23 kilometres south-west of the Sydney Median Property Price Bankstown Why this suburb? Features of Bankstown Why we chose this property Bankstown is known as one of Australia’s most multicultural suburbs, with locals hailing from across the globe, including Vietnam, Lebanon and China. While many people commute to the CBD for work, Bankstown is also home to many small businesses where some locals work. The major shopping centre is not far from Bankstown Train Station. There are many schools in Bankstown with a wide variety of girls, boys and co-educational schools, public schools, religious schools and private schools. Apartment living is popular in Bankstown, and recent developments offer all the requirements for a busy family. A 30 minute drive from the city and well-serviced by public transport, Bankstown is popular with families establishing a life in Australia. In addition to the wonderful culture and cuisine on offer, residents have access to more than 350 parks and sporting reserves and 1090 hectares of beautiful natural environment. Bankstown is a buzzing, busy suburb that is constantly evolving.Known for its diversity and strong sense of identity, Bankstown has been shaped by its attractiveness to new migrants and its strong community spirit. In a rapid growing suburb like Bankstown the prices of the property's are obviously going to appreciate. The End! Demographics Bankstown is a vibrant multicultural city, home to more than 188,000 residents from 160 countries. Bankstown is home to the University of Western Sydney Bankstown Campus. Bankstown is also home to a TAFE Bankstown has numerous public and private schools including Catholic and Islamic Schools. Bankstown is the largest central business district in the region and features a large shopping centre called Centro Bankstown. Alongside the shopping centre is a cinema. Bankstown station is in the middle of everything weather you want to travel to the city or Liverpool, Lidcome side. Bankstown's train line takes only about 30 mins to the city and drive takes less than 30 mins. Sydney Trains Bankstown Line runs from the City Circle to Liverpool or Lidcombe via Campsie and Bankstown. Buses go mostly everywhere from the massive Bankstown Interchange. Bankstown has its own hospital and a huge library. Bankstown also has its own Private Airport. With four Leisure Centres on offer, Bankstown is also home to some of the best sporting venues and facilities in Sydney. Mortgage calculator Real Estate Investment Bankstown We will be borrowing $470,000 from the bank and using the other $69,000 from our savings. We are going to make the rent for our property $490 per week which is above the 3 bedroom median rent but due to the prime location we think people will rent the property. In order to pay the mortgage repayments we will still have to pay $69 from our savings. Our Property Market Trend Ideal Tenants
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