Investing in Canberra

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

Pauly
Member
@pauly
Join Date: 2004
Post Count: 1
March 26, 2004 - 6:14 am
Hello All!
I have recently started my education in money after a friend recommended Rich Dad Poor Dad. I have since continued that education with plenty more reading and listening to others expeirence.
My Brother and i have been saving a deposit for the last 5 months and are close to having enough to get started. I am wondering if anyone has some advise around investing in Canberra? Each location is different for its demographic and geographical uniqueness so i am hopeing that there are a few people that might share advise or expeirence about their investing in the nations capital!
Pauly
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
March 26, 2004 - 7:45 am
hhhhmmm…the nations capital hey – I think melb should have that name…
try looking at the country by:
– driving around in the country
– call country agents up
– check the websites out on the NET and do searches – you will get good results.
Kind Regards,
George
If You never never ask, you’ll never never know”
Kali
Member
@kali
Join Date: 2004
Post Count: 1
March 31, 2004 - 1:13 pm
Pauly,
I have / have had several IPs in Canberra over the years, but no expert. I always keep a look out on website AllHomes.com (allhomes.com.au). Good site, listing just ACT property and for each property a sales history is available back to 1992. Bit of an invasion of privacy I thought, however good for research.
Where to buy and what type of property is your personal choice, however I did very well with two bed townhouses, all with lockup garage or carport and small courtyard. Locate around the town centres of Woden, Tuggeranong or Belconnen. Lots of employment here, with professional singles or couples. All have good access to public transport. Canberra had little or no growth for quite some years, however the past two were better, but seems to be slowing again. Good yield and sound growth over the longterm.
Kali
PS My very first post, so forgive any technical / format errors with posting.
Sibo
Participant
@sibo
Join Date: 2003
Post Count: 126
April 2, 2004 - 9:53 am
I live in Canberra and have been looking for property. However with the current situation +CF properties are few and far betwen. Im considering Queanbeyan – cheaper houses with higher yields.
Regards,
Si