Where to buy in QLD now?

Viewing 4 posts - 1 through 4 (of 4 total)

richard_3
Member
@richard_3
Join Date: 2003
Post Count: 0
August 28, 2003 - 11:14 am
HI, my husband and i have just read steves book, and are excited at getting involved in positive properties, after having spent the last few years building a portfolio of good capital gains properties. Just looking for advise or guidance as what areas are best to start looking at in QLD,preferably south east qld. Help anyone?
mammabear
Member
@mammabear
Join Date: 2003
Post Count: 3
August 28, 2003 - 11:31 am
I bought on the Redcliffe peninsula 40mins north of Brisbane 16 yrs ago. My first house I bought for $56000, did some cosmetic renovation and sold 6yrs later for $115,000. I noticed 10yrs later it is now on the market for $285,000. I moved 5 streets away but still the same distance from the water (2 blocks) into a nicer house for $145,000, again did some cosmetic renovations and have just sold 10 yrs later for $420,000. As the peninsula has boomed so now do the areas surrounding it like Mango Hill and particularly Deception Bay. You can still get some good rental properties in Deception Bay some parts being very old and even dingy. Quite a few “renovators delights” still available for the astute buyer. I myself am looking into the area before it goes up too much more. It has been very undervalued for a long time but is now coming into its own. It’s moving very quickly so I wouldn’t leave it too long.
Good Luck!!
[:X]Bev
Harold
Member
@harold
Join Date: 2003
Post Count: 80
August 28, 2003 - 11:38 am
Difficult to get positive gearing in Queensland now.
Ipswich used to be everyone’s favourite (I believe even Steve would even have a few here) for positive gearing. Now, some properties have increased 400% in 18 months. That’s no joke, I just sold one.
Be patient. Unless you are looking in the market every day to find the fraudulent agent or the unimformed seller, you need to wait for falls in price before positive gearing is possible.
AD
Participant
@ad
Join Date: 2002
Post Count: 636
August 28, 2003 - 6:25 pm
Out of interest Harold who did you sell through in Ipswich. Always interested to see which agents people are using and why.
Enjoy
AD [:0)]
(Andrew)
“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”