Forum Replies Created
Milly, all I can say about Residex is that their forecasts have stood the test of time and they have always got it right. There are many ways to skin the cat using Residex to identify locations is one of them as is centrally located so each to their own, there is no right and wrong. Me personally I use their research to identify location and then look for an IP in that area.
Guan, March 07
Here is a well known forecasters listing of top ranking qld suburbs for growth about 6 months old now and interesting enough they are forecasting that for Brisbane the northern corridor will have better growth than the southern or western corridor. I bought in Ningi they forecast 15% a year for next 8 years.
1 Sandstone Point 2 Munruben 3 Pelican Waters 4 Sippy Downs 5 Doonan 6 Ningi 7 Twin Waters 8 Bellmere 9 Forest Lake 10 Murrumba Downs 11 Caloundra West 12 Peregian Beach 13 Parkwood 14 Sunrise Beach 15 Griffin 16 Noosaville 17 Morayfield 18 Samford Valley 19 Warner 20 Ormeau 21 Cashmere 22 Rothwell 23 Yaroomba 24 Pacific Paradise 25 Banksia Beach 26 Mudjimba 27 Heritage Park 28 Sinnamon Park 29 Parkinson 30 Marcoola 31 Macleay Island 32 Russell Island 33 Burpengary 34 Bulimba 35 Sunshine Beach 36 Cornubia 37 Upper Kedron 38 Fitzgibbon 39 Noosa Heads 40 Doolandella 41 Curra 42 Tallabudgera 43 Tanah Merah 44 Moffat Beach 45 Coolum Beach 46 Balmoral 47 Hawthorne 48 Arundel 49 Cooroy 50 Manly 51 Logan Village 52 Narangba 53 Wilston 54 Springfield 55 Tewantin 56 Yamanto 57 Clear Island Waters 58 Buderim 59 Alexandra Headland 60 Bongaree 61 Highgate Hill 62 Glass House Mountains 63 New Farm 64 Little Mountain 65 Aroona 66 Seven Hills 67 Currimundi 68 Bli Bli 69 Mermaid Beach 70 Cannon Hill 71 Newstead 72 North Lakes 73 Lota 74 Morningside 75 Sandgate 76 Scarborough 77 Gordon Park 78 Minyama 79 East Brisbane 80 West End 81 Wynnum 82 Woody Point 83 Bonogin 84 Grange 85 Bridgeman Downs 86 Newmarket 87 Mooloolah Valley 88 Palmwoods 89 Eight Mile Plains 90 Wooloowin 91 Windsor 92 Auchenflower 93 Kenmore Hills 94 Worongary 95 Graceville 96 Belmont 97 Coorparoo 98 Greenslopes 99 Deception Bay 100 Beachmere
Hajda, try Morayfield a wee bit further out but a very high growth area according to Residex. You should be be able to get a 3 bedroom, brick and tile carport post 85 good size block within your budget. There are a lot of out of state investors buying there now with multiple offers coming in for these types of properties so you will need to get onside with a couple of agents and be desicive as they are normally dealing with a few investors at a time and will sell to them over the phone shortly after or just before listing.
Kieran Trass has published a very interesting book titled the property cycle. Amongst other things he says that interest rates are not a driver in the property cycle. His book also suggests that right now some cities are in the upturn phase of the cycle which is consistent with other progress reports and what prices are doing certainly in the stuff that I am looking at . He also says that you should not over-commit and sail close to the wind and if you do then regardless of the stage of the cycle things can go off the rails for you big time and interest rate increases are one of the drivers for this risk to occur.
I'm on long term buy and hold and think that SEQ is a no brainer, major infrastructure developments (to many major projects to list), population growth, land scarcity, wages growth, climate, lifestyle and immigration. Right now Brisbane is prospering big time the price of iron ore will increase 30% in December coal will rise something similar, uranium looking very good, coal-seam methane gas is expanding in western Queensland, the amount of major resource developments taking place across the country in mindboggling and house prices are on the move again. Oil prices keep rising and that has got to be good for our LNG, coal and soon uranium exports and theres a lot of that sitting untapped in ozzie.US will slow down and buy less (not stop)manufacture products made with Australian inputs but domestic growth in India, China and Russia should continue to keep demand up for ozzie energy and mineral resources. Why wouldn't these people in the emerging economies want to get the consumable luxuries that we have enjoyed for generations.
No one knows what will happen in the future but all I can say is that right now its good and if it turns to custard there will be a few people jumping off the bridge before me.
Why dont you tell the forum where ?
If you did you might find that the others for sale in the area would sell real quick and even drive the prices up.
I` have just signed an interest only loan offer today 5 yr fixed with ANZ 7.9 its a 105% on value loan so quite happy to leave that loan like that for next five years, I am just starting a house and land loan also 105% on value and I cant fix that until final progress payments and fully intend to when I can for the same reason. Will leave the PPR loan, LOC and offset on variable with the ability to pay down redraw use as next downpayment as required will end up being about 70% fixed and 30% variable full flexibility on PPR and LOC. I'm betting that rates are going up at least in the short term and I like the peace of mind of not worrying about it every second day.
Mark,
I am refinancing a previous PPR that is now an IP for full valuation + stamp duty. Proceeds go against my PPR and its all deductable because me and wife transferred the property into trust. I am $300 per week better off by doing this.
LA you can start any time, you will mix well on the golf course and could teach me how to, just send me a CV we are growing rapidly and are constantly seeking to bring on talent not as fast as we would like to, we aint in the US yet but watch this space, Abu Dahbi is our next new venture. I do work effectively and deal with everyone elses problems got to say that ozzies dont handle problems well and like to blame others this puts me at an advantage to clean up as I am here on a "working holiday" and dont have a problem with taking ownership. No BS I just got a large bonus today and I know it doesn't make sense but the first thought I got after seeing only half of it going in the bank is that I need to get more negatively geared properties its a false economy I know but thats what I am doing.
Try St Trinians at New Farm
Spudsta, I work in engineering and construction and have had a 100% pay rise since 2003 as has most of my peers, I just gave a guy a 50% pay rise that had been with us 4 months. I am about to move up to senior executive level and expect another significant pay rise to come with the role. So dont forget that some segments are having large pay rises that are actually higher than house price inflation.
Your the one that said that Tassie is bad that might be the way you feel about the place not everyone else. I have been down a few times love the place to death could I live there, maybe not just yet reminds me of the home country in Scotland . I am quite close with an ex Federal MP (no names) who is now involved in state politics down there and they think the place is a goer what else could they say. What about gunns has that been good for Georgetown I know that there is a water problems in Tassie beleive it or not , the company I work for will be approaching the govt to help them with there water distribution needs which will bring employment and tenants. Judging by the way lifestyle trends are going with the retirement set, greenys, eco tourists et al Tassie will be attractive in the long term as a lifestyle place and will eventully be include in the map of Australia. Having said all that I am sticking to SEQ for IP's.
If you and your brother and sister have been offered blocks of land from your parents I take it that you are not buying from them and therefore dont understand what you mean about taking on mortgages are you saying that the blocks are not gratis and come along with debt ?
Interetsing stuff my cousin just bought a couple of waterside homes down there and he reckons its a once in a lifetime opportunity
There is another recent post on this product with some feedback and also read this
It is also used by auditors as an audit finding when the audit test could not be perfromed, I use it all the time when an activty is either not started or not possible to verify.
391.m2
queengucci
This is an extract from a Property Developer I used to work with in Buffalo he dropped me an email last week, I also trust this guy and he is probably the only one that I dealt with in the US including Texas that I would say that about.
"The sub prime issue is affecting the real estate agents active in the market right now, but hasn't really effected much on our end of things. The new big influx of investors are coming over from the uk. The new loan requirements are messing with alot of those guys who paid cash and planned to cash out. Once th enew regulations came into place they all were left scrambling without to many alternatives. The foreclosure market in Buffalo is probably going to resurge a bit this late year. I know of a few who are in default and I'm sure there are even more who are there and I just don't know of it."
Notwithstanding that my cousin has recently bought some property in Florida (he lives in NYC) and reckons that FLA waterside is the best value now as some of the vendors and developers are bailing and some prices are 40% lower than they were last year.
Murrarie up 30% according to Domain and still some good buys there 9kms to city centre, next to gateway bridge and bridge duplication, gateway arterial, airport, train line, massive new light industrial and office complexes opening every week got to be a goer, check out east of the hill you can get unitterupted city views never to be built out
Bulimba very high growth (I got 20% in 6 months) good for PPR pretty low yield for IP
which state
