Forum Replies Created
Hi APWPG,
What is the name of your builder?
Regards
AmandaHi DelG,
I have recently purchased in Gladstone (5 yo 4x2x2) and have also just bought a block of land in Forest Springs. I have done a lot of DD on Gladstone and also did a field trip up there mid September. I also have a couple of good agents I am working with and they have helped give me a good understanding of the area.Little Creek and Emmerdale are good new developements. I have heard both good and bad things about Vantage. Forest Springs is right where the new Woolworths is being built and is an extension of the existing suburb of Telina. I was told to avoid Sth Gladstone (smell from QAL), Barney Point and Tooloa (housing trust). There are also a lot of shady markateers selling poor quality house and land packages so be wary of that. I personally would ensure that you go with a local builder if you are planning to build as you can easily sound out their reputation vs the fly in builders from the Gold Coast.
Places I have been told to avoid:
Stoney brook estate – only 4 types of houses in whole estate; Glen Eden, Brookview Estate, Calliope (actually out of Gladstone but being marketed as Gladstone.) Lots of apartments and units being built which could be oversupplied when things settle down.
Popular parts of town include: Telina, Clinton, Emmerdale Gardens, off Kirwood Road, Kin Kora, Seaview Heights, West Gladstone.I hope this helps.
Regards
AmandaHi Wombat,
I am currently doing Real Wealth's 2011 mentoring program. I am new to property investing so have found the program very useful as it explains the basics of how to invest smartly. It covers all the things to consider such as how to develop your strategy, how to structure each deal and how to risk minimise each deal.
Her key steps are similar to other investment books I have read but it has been good to have someone to walk me through the process as I have been going through it. I was comfortable with her investment philosophy and had read a couple of her books first which is why I decided to do her program. She is also a brilliant, highly engaging and motivated presenter.The real value I am getting from the program though is being able to bounce deals off the Real Wealth team. I believe we have recovered the cost of the program as it has saved us from going ahead with one deal which didn't stack up.
There are 2 weekends in Melbourne which are the main education/networking session. You then get 12 months access to the Real Wealth team for any questions/support.
On the con side, now that the seminars are over, there aren't any touch points, such as monthly coaching sessions to track how you are going unless you pay for them in addition to your program. Also, I feel that the number of people on this years program is considerably larger than prior years so it didn't feel as initimate as I have heard other years to be.
I hope this helps.
The forecast was for 5 and 8 year growth p.a. The report was for the suburb of Adelaide only.
I also spoke with Residex to validate their estimate and they based it on recent quarter, new housing construction, job creation/employment, population growth etc
