The federal government recently heeded its promise to help uplift the current state of the property market in Queensland. In its Cabinet meeting last April, the LNP decided to remove the controversial sustainability declaration forms, and approved to restore the principal place of residence stamp duty concession.
Mortgages in Queensland and another two territories are turning sour. Two percent of mortgage holders in QLD are in arrears, making it the highest in the country in 15 years, according to Fitch report.
If your goal is to get more income in real estate, increase positive cash flow property in your portfolio. A positive cash flow property makes more money than it costs to maintain. A negative cash flow property takes money from your pocket as the holding costs outweigh the rental income.
