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Prices in WA are still affordable and still achieving considerable growth in some key areas. Construction for The new rail link for the southern corridor is underway and it is proposed the Rockingham area’s population will have doubled by 2016 which accounts for the massive overhaul of the local hospital. The foreshore is being developed with highrise appartments and the price for real estate there is still considerably lower than the Perth median house price….definately worth a look.[biggrin]
Thankyou very much for your info, it was really appreciated….
Thanks guys for all your responses…It makes things a lot more clearer on the reasons for and against cross-coll
cheers[biggrin]Hi all
Just purchased first IP however this one is negative geared(PLEASE DONT HURT ME). I bought in an area which has seen steady yet impressive growth over a long period of time. I am however targeting positive cash flow properties next to help maintain my serviceability. Does anyone else believe diversifcation is a good strategy……?quote:
HeyThanks Peterp. I have just finished reading 0-130 properties and have also read all the usual stuff like rich dad poor dad, cash flow quadrant, how to become a property millionaire and a heap of others. I have just spent the last three years trying to convince my wife to leave Geraldton and now we have shes going to love the fact that I want to go back there to buy investment properties. Ill check it out, I know of a few key locations up there to start. Thanks for the reply
Scott
“Together we combine our strenghts and eliminate our weakness”
Gday scott, Im looking to invest in the geraldton area. Can you suggest a few good places and maybe some places to steer clear of…would be much appreciated thanx
Benquote:
Hi Julian,11 properties this year as currnet but given a few days the new total will be 13. Been investing for over 9 months now.
Though not all my properties are positive. I target all 4 main areas of property investing.
Positive gearing
Negative gearing
Passive gearing
Neutral gearingUsing the offset gearing principle as my purchasing strategy.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Gday, can you explain to me what the offset gearing principal is?
Thanx