Any ideas about positive gear property in Gladstone Area? Please advice!
DNT
My only advice as a new kid on the block is to hit the internet, research real estate sites and statistical sites that will give an idea on economic development etc and get on the phone to local real estate agents… after you’ve done all that you can make your own judgement on whether it’s worth investing in or not, or perhaps taking a trip there for a look. It takes hours and hours to do, but you’ll have gained a lot of knowledge.
Hi, have done 2 trips up that way this year, and Gladstone has some huge developments happening. It is an export town, and there are billion dollar developments in the current works – 5000 new jobs over 3 years – that means at least 15,000 new people (family + infrastructure) – so the demand is there. You need to be careful about rental return thru lease back companies – they sound good, but you can do better.
Good luck.Thank Richmond & Hilary….
Hi Hilary.
I’m interested in buying rental property in Gladstone. I do not know anything about the area.
What do u think if I hire a buyer’s agent? Do u know any working in this area?What do you mean by:
You need to be careful about rental return thru lease back companies – they sound good, but you can do better.Could you please explain?
Please tell what they are meant as below:
Rent: 2+1 lease
per week Rent Return:
Year 1 $315.006.97%
Year 2 $325.007.19%
Year 3 $330.007.30%Thanks.
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