Forum Replies Created
Granted BrisInvestor that the lower purchase price appears safer, but if the first purchase is using advice from seasoned investors and sales agents the price point can be any reasonable one!
We call the process 'The Guded Discovery'.No investor should lose money through mistakes in the beginning when there are companies and people to guide them correctly.
I have been involved in Investment Property 'selling and purchasing' for 14 years now and still I see people thathave investments doing it wrong.
The process of property investment should be taught in schools.
Regards
KHi Mooks
The only other places I would suggest to look is the Pacific Innovation Corridor 'PIC' which runs from Brisbane to the Gold Coast.
There is house and land product there that will see growth in the next three years of up to 30%. This figure is based on history and lack of land in the corridor.
Regards
KevinHi Mooks
I have been involved in building in the area for a number of years now and in all that time I was hearing the Redcliffe was tipped to be the next thing.
Redcliffe is a bit like Chervon Island on the Gold Coast, close to everything but for some reason has not moved.
Margate and Rothwell and Scarbrough will all do well without Redcliffe doing anything!
If the property is a PPR go ahead and buy it at your best negotiated price, if it is an IP there are better deals than a mid range $500+ property.
Hope this helps a little.
KevinHey go the split, we put them in all our investment homes we build and sell and they get 10 – 15 more per week and do not forget that you have increased your depreciation also.
KevinHi jmac26
I canot tell you anything about Blackwater but as a bilder I can tell you that Chinchilla has already started. There are billions of dollars being spent in the area.
Not only are there mines but the biggest single reserve of Coal Seam Gas is in the Surat basin.
Go to the following articles and you will get enough info to jump into the area today.
http://www.suratbasin.com.au/story/2009/06/25/mines-tea/http://www.suratbasin.com.au/story/2009/06/25/power-behind-explosion/
http://www.suratbasin.com.au/story/2009/06/25/wandoans-chance-speak-out/
These are just some of the artcles.The Surat Basin News will give you all the info you need.
Land in Chinchilla was $59,000 less than twelve months ago.
The packages I have out there now is on land that cost $100,000. The next release in the same estate is going to over $110,000.
House and Land packages will rise to almost $400,000.
My packages at the moment are $326,900 with rent of $410.
They are negative geared cash positive.The other area to look at is Bowen.
Regards
Kevin
[email protected]
041 0033 658Hi Snowball
As a builder in Qld may I suggest you look for a builder that has an in-house drafty.
We have one and all the odd blocks 'sloping etc' can be built on and too a budget if you let the builder know right from the start.
Find a builder who is hands on.
The project guy will charge like a wounded bull and it will be one of his supervisors doing the work.
Regards
KevinHi Kazimack
I have sold some property through the website via a finance company I am aligned with.
They have good stock and research the areas they sell in.
I also have good stock as too do others.
Try and deal direct with the builder, you will save money!
KevinHi Alaster
Any of the mining towns are going to be OK.
Check what 9% rental return will do to your taxable income before you go running off and buying this type of product.
I sell negative geared cash positive property in the Bowen and Surat basins, and I can tell you that sometimes the return on the investment can hurt rather than help.
If the yield is high make sure the product has a lot of tax deductions. These generally only come from new property.
Lets use a property that you purchased for $510,000 and assume that you are a single investor earning $75,000 per year.
Taxable income – $75,000
Rental income – $52, 624 or 9.04% yield
New total income – $127,624
Rental deductions – $51,246
New taxable income – $76,378
Present tax – $17,625
New tax – $18,059You can see from this that you have actually increased the amount of tax you have to pay even though there is tax deductions in the home.
You also stand to gain very little in capital growth.Better areas of growth in the mining sector would be Chinchilla (billions of dollars of new industry) and Bowen, close to the water and billions of dollars of new industry.
Regards
KevinHello
My first questions are:
What is your budget?
Where do you want the land?We are builders and do a lot of work for interstate clients.
Our web site is http://www.sandsky.com.au
Have a look and we can help with all your needs.
Regards
Kevin
041 0033 658Hi
Go to http://www.somersoft.com.au and purchase the program, it is the best one about and answers all your questions.
In regards the rental yield question, the program takes all the variables into account.
That said based on your scenario, the yield would be 3.40% and the property would cost $32 per week in the first year to hold, calculated on $120,000 income ($75,000 investor, $45,000 partner) on a 80/20% tax relief.
I have properties (house and land packages) in queensland for sale that show 6% yield.
Regards
BluegrassHi Whitebait
We are builders in Qld and build a lot of duplex's.
Duplex product is really not much different to a single house.
If the product is built to strata title levels there is an amount of $3 – 5000 extra.
This said the cost should be equal to a standard home as there is the saving of one wall due to the use of the party wall.
I am not up to speed with NSW costs.
If you are looking to purchase the duplex off the plan in a back to back contract, you also save on stamp duty.
Regards
Bluegrass
