Premo11
I live and have 3 places in TSV. 2 units and trying to build a house. if u need a favour or some local help email me, adriannqld hotmail com. i use an accountant on thruingowa drive Kirwan but i dont know one that can provide good mentoring. if an accountant knows how to make good money in property why wouldnt they quit accounting and invest full time like steve.
+ trying searching the forums for townsville or accountants

these deals are not advertised in the townsville area yet they are available here in townsville. sounds fishy. wouldnt it make sense for these people to advertise locally. there is nothing with yeild that high advertised in our townsville bulletin realestate guide.

Jenny are you saying that all TSV’s Zone 2 areas are now Zone 3. and is Zone 3 the same as Res 3.
Has Thuringowa changed as well

not yet but about to go to Cyprus. will be there in 2weeks

yeah. Ayr is small but alright place. yesterday i saw a coule of ok deals for their. off top of my head was 120k with 170pw return for house. dont know about long term for the area though. there is a lot of employment from the land and mill. 90km sth of tsv. there are a few towns like this around tsv but they need sugar exports. if this industry goes any further down these towns are in trouble

Dont know about Mt Morgan but what these guys are saying about ingham/halifax is spot on. Halifax is lovely have a young mate living their. however like most young locals up there he is trying to get work in Townsville or Cairns. Numerous/most locals and R.Agents have expressed concerns for Ingham. Halifax however have a 2nd asset, their beach. Prices have jumped in the last yr on most beachfronts betweens TSV & Cairns. i would like to buy beachfront aswell but perhaps closer to Cairns. but this is just my opinion, happy investing

as Beanie just said, and sis’s friend who works their will tell you it depends on the mine. if there is a sudden flood or influx of properties i would stay away from the town. alot of places in regional areas are based on one industry and if that one industy or business controlling the industry decides to move, well. research the town, the industry, the main processing plant (if there is one) and talk to as many locals as possible.

Hi Actube, Nash, Rugby fan & everyone.

Im also looking at building a set of flats or townhouses in North Queensland. I dont really know where to start but this is my concept using Rugby fans figures for construction and NQLD prices.
If I can Build 6 x 2*Bed Townhouses for $130k ea = $780k + $80 land (NQLD) $20k pool, + Legals, Council, etc. $20K. total $900k or $150k ea. i could easly resell these for $190k ea. Alternativly with good investors i could sell them off the plan before construction begins [?] if i couldnt get all the finance myself (likly). Do the Maths you could spend $900k building a $1.14M asset (20%equity) and rent them out for possibly a +cflow.

All im trying to say is dont give up[]. Succesful investors would might see building units as decent project but not worth their own personal time. If you are time rich & money poor this might just be a big, long but worthwile project. this is something out of most ordinary investors reach ($ & mentaly wise). Anyhow who wants to be ordinary[^].
Adrian[]
(guys could you post your findings on this topic)