@jones4130 I posted in the other thread too and would agree with @Benny and @Qlds007 that the most important thing is to do independent research. This is probably way more important than the actual suburb you end up purchasing in. If you are doing your own research and are happy that the values and rent returns stack up, then you have nothing to…[Read more]

@Benny,
Yes my buyers agent always told me to get the existing house rather than the new one.

He mentioned that Upper Coomera is full of families (they recently built a massive new childcare centre so there is clearly a lot of children in the area)

Many new houses, lots of development, and a billion dollar shopping centre precinct (including…[Read more]

@Benny,

I’m still looking around but according to the buyers agent professional advice service that I have engage (Todd Hunter wHere Property group), he suggest me to buy in UPPER COOMERA and ORMEAU for long term Capital Growth.

He showed me from the statistics on his website, he was able to predict one area in SEQ near Ipswich to be a good…[Read more]

Hm, now I know bit more after @Benny and @Steve explains it to me in plain english :-)

You guys are right and truly make sense. I was under the influence that whenever new big business is opening like Costco, Woolworths, etc..
http://www.thereporter.com.au/news/costco-costco-costco/2563492/ –> shows that the area is brewing with some good…[Read more]

@lblanden As you can see even from a few posts above people have very different viewpoints. Personally I am in love with property and it SUITS ME JUST FINE that many folk aren’t. If everyone was into property the competition in the market would be so much fiercer. If you stick something (anything) out for long enough you become better than all…[Read more]

@mohi785 good luck and keep learning, the response above by @Benny is a good one. A steve mcknight 2 day seminar would pay thousands in property education so if you can squeeze it in its worth it. Also avoiding the spruikers of new development stock is important as the wrong choice can cost tens of thousands and make the wealth journey many…[Read more]

@Benny: Thank you very much for your advice. I have 1 property in my mind already and have taken into account of all of the costs that i could think of:
Council Fee, Water fee, Agency cost and up front costs such as mortgage and stamp duty, and i know that I’m still missing something.
Is there any advisers that in Melbourne so i can ask or go…[Read more]

Nice post Terry.

@Benny: Net Yields can be sometimes misleading if you include interest expenses since you don’t know the loan amount. Loan amount could be 100%, 80% or 50%, which will lead to a completely different net yield.

I’m a assuming Terry is not including interest expenses in his yield (you can correct me here Terry, if I am wrong). His…[Read more]