All Topics / Help Needed! / Gladstone or Bundaberg

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of JaideeJaidee
    Member
    @jaidee
    Join Date: 2008
    Post Count: 21

    HI
    Can someone please advice which area is better for buying – Gladstone or Bundaberg.
    I'm looking at a NRAS 2bed unit in Bundaberg for $267 (get the feeling its overpriced). I will go upto $400k if good quality property, with good growth prospects.

    Thanks
    JD

    Profile photo of proptymanproptyman
    Member
    @proptyman
    Join Date: 2010
    Post Count: 19

    Hi there JD,

    glad to hear you are thinking about Gladstone.

    If you would like to email me, I can give you more details about Gladstone and the current opportunities…..

    regards,

    Peter.

    Profile photo of JaideeJaidee
    Member
    @jaidee
    Join Date: 2008
    Post Count: 21

    Thanks Peter. i will email u

    Profile photo of Deal MakerDeal Maker
    Participant
    @deal-maker
    Join Date: 2011
    Post Count: 33

    Hi Jaidee,

    Since you are interested in me Gladstone market for that you might be interested in this article that was in the local Gladstone newspaper today.


    Gladstone Prices Soaring

    David Sparkes | 23rd August 2011

    TIMING is everything, especially when you are buying a house.

    Research from the Real Estate Institute of Queensland shows Gladstone's house values rose 10.8% during the 2011-12 financial year, more than any other region in the state. With such a big increase, last year's buyers could be forgiven for
    breathing a sigh of relief, while those now hunting for a home must be kicking themselves for not buying earlier.
    Lisa Sweeney and her husband Brent, 29, bought their home in October last year.

    Mrs Sweeney said they timed their purchase well, as the Federal Government announced in October it had approved Gladstone's LNG projects. Most real estate agents in Gladstone agree that announcement was the pivotal date from which property values began to soar. "We signed the contract a few weeks before the announcement," Mrs Sweeney
    said. "We'd been having a bit of a look. This time last year there was a whisper the announcement was coming." She was understandably happy that property values had gone up some 10% since they bought their home, but she sympathised with young people trying to break in to the Gladstone market now. "I can't even imagine trying to buy something now," she said The Sweeneys bought their home through Ros Waters, at RE/MAX in Gladstone. Ms Waters said the announcement on October 23 sent Gladstone's property market into overdrive. "Six months prior to that the global financial crisis was still affecting the market," she said. Ms Waters estimated the increase was actually more than the institute's figure of 10.8%.

    Good timing
    Lisa and Brent bought their home, in New Auckland, last October for a price 'in the low 300 thousands'. Lisa said it is hard to know what her home is worth now, but she estimates it has gone up about 20%.

    Full Article & Comments:
    http://www.thesatellite.com.au/story/2011/08/23/gladstone-prices-soaring-real-estate-inistitute

    Kind regards,

    Sherry and Jason

    Deal Maker | Great Property Deals
    http://www.greatpropertydeals.com.au
    Email Me | Phone Me

    Your Private Off Market Property Acquisition Specialist - Forget Buying Through Real Estate Agents

    Profile photo of JaideeJaidee
    Member
    @jaidee
    Join Date: 2008
    Post Count: 21


    Thanks for the update. makes me wonder if its too late to buy now….contemplating between Gladstone & Mackay!

    Jd

    Profile photo of Deal MakerDeal Maker
    Participant
    @deal-maker
    Join Date: 2011
    Post Count: 33

    Hi Jaidee,

    I find it interesting how people are trying to chase the pot of gold at the end of the rainbow (trying to predict the next boom), when opportunities today exists all around them. It is never too late to get yourself a property bargain if you buy well at the start. Over the past 12 years that I have been purchasing property the motto that I live by is that you make your money/equity when you buy and anything else on top of that is icing on the cake.

    I've always concentrated on locating motivated sellers (whatever reason) who need to sell today and are prepared to forego potential equity to make it happen.  If you are prepared to put in a bit of time in a number of offers, you will eventually find a property that makes financial sense to you.

    If you need some help, shoot us an e-mail.

    Hope this helps.

    Regards,

    Sherry and Jason

    Deal Maker | Great Property Deals
    http://www.greatpropertydeals.com.au
    Email Me | Phone Me

    Your Private Off Market Property Acquisition Specialist - Forget Buying Through Real Estate Agents

Viewing 6 posts - 1 through 6 (of 6 total)

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