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Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of carllarzcarllarz
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    @carllarz
    Join Date: 2014
    Post Count: 10
    February 1, 2014 - 1:25 pm
    DanielB wrote:
    P.S, Don't count on any major developments in Hobart sending values up – nothing happens here quickly and I highly doubt we will see the Korean development spring up anytime in the near future.

    Hi Daniel.

    I think you are misunderstanding the mentality here, demonstrated by saying "nothing happens here quickly…."

    Nothing happens quickly in property PERIOD, that is why is it called a long term investment.

    North Hobart used to be the equivalent of Gagebrook (hopefully you knew that)

    Balmain used to be the same in Sydney.

    All over the country there are hundreds of examples….

    One thing for certain is that over 20-30 years, things always change.

    Now these suburbs being at the lowest end of the scale can only improve their position in the market, they cant get any worse!

    Clarendon Vale has the right drivers for change OVER TIME.

    Especially with new estates Glebe Hill Estate & Oakdowns next door (will influence the area overtime also), and the Korean Estate on its way.

    Glebe Hill estates are also starting another stage with a large shopping complex within 3-4 years.

    People will start seeing the value there soon because of its affordability and it will perform highly amongst Hobart suburbs.

    I suspect the lower income families will start moving further out towards Lauderdale and beyond, in 10-15 years.

    Thats my tip :)

    Profile photo of carllarzcarllarz
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    @carllarz
    Join Date: 2014
    Post Count: 10
    January 31, 2014 - 1:42 am
    mattsta wrote:
    Personally, I'd go for a longer term rental. I'd rather have the consistency, and it will be much easier to get finance – and since it's less of a hassle, it could mean more time for you to focus on growing your portfolio.

    I agree.

    Holiday Rentals also have alot more risk involved in finding a tenant (construction work in the area is put on hold, winter comes etc. etc), if your decision is based on increasing your cash flow then the logical option is to go for the solution that will provide less vacancy.

    Carl L

    Profile photo of carllarzcarllarz
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    @carllarz
    Join Date: 2014
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    January 29, 2014 - 1:00 pm
    BandD wrote:
    G'day,

    Is anyone familiar with or had any dealing with NRAS 

    (Thoughts, pros, cons )

    thanks

    Brendan

    Biggest issue is valuation and purchasing the property at the right price.

    However I believe in most cases the $10,000k tax free benefits, and great gearing benefits offset the overvalued prices.

    Good luck getting your hands on one! try and find a well connected BA that can get you the hook up!

    Profile photo of carllarzcarllarz
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    @carllarz
    Join Date: 2014
    Post Count: 10
    January 29, 2014 - 12:55 pm

    2 Toilets for sure.

    Especially for that size house.

    In my opinion, its a no brainer

    Profile photo of carllarzcarllarz
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    @carllarz
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    January 29, 2014 - 12:52 pm
    wakebrownb wrote:
    Hi JAmie,in Emerald pretty much anything is in demand, dueto the shortage of properties. I was only doing it for the value adding proposition. I'm lucky enough that my employer gives me $16k per year to do improvements to  my PPOR and I was thinking of moving back into it and doing the work and renting out my current PPOR

    I second the notion of painting… especially If you say anything is in demand in the area

    Profile photo of carllarzcarllarz
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    @carllarz
    Join Date: 2014
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    January 29, 2014 - 12:47 pm

    Great response from Danielle.

    If this was really from a telemarketing style promotion, i would say dont even bother.. if it was presented through someone you know or someone reputable. I would agree with Danielle, if you have 21k to throw away, why not ?!

    For most people however, 21k is not worth a huge risk, when you CAN make good money with 21K over time.

    Profile photo of carllarzcarllarz
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    @carllarz
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    Post Count: 10
    January 29, 2014 - 12:44 pm

    As the others have mentioned, park it.

    Profile photo of carllarzcarllarz
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    @carllarz
    Join Date: 2014
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    January 29, 2014 - 12:41 pm

    Surrounding yourself with good people is definitely the key.

    Learn from their mistakes, absorb their wisdom :)

    Profile photo of carllarzcarllarz
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    @carllarz
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    January 29, 2014 - 12:37 pm

    Hi Melissa.

    I think clarendon vale and rokeby are better areas to go for in that range in hobart.

    Especially with the new suburb being built by the koreans

    http://www.news.com.au/finance/real-estate/hobart-set-to-get-korean-suburb-after-green-light-given-on-900m-development/story-e6frfmd0-1226260664265

    My tip is that with a bit of time, these suburbs will go up substantially.

    Where else can you buy a 3 bedroom house for $250k that is 20 mins from the CBD, with a massive development set to bring the price up ??

    Profile photo of carllarzcarllarz
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    @carllarz
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    January 29, 2014 - 12:30 pm

    I have always called the Council.

    As usual when calling a council you might have to 'push' a little bit to make the person understand that you actually do want their help with something, but somewhere there will be able to access these records.

    Carl

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