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The growth is in QLD, forget NSW or VIC.
On average 5 families a week move into QLD. The estimate I read re SE corner is in 20 years the current population of QLD will reside within the SE corner- thats a triangle area of Sunshine coast to Tweed to Ipswich. Very soon it will be built in totally and the only way you will know you’ve driven into another area is by the signage.
Cairns is a hot tip, people are moving into the area from all over Australia, they estimate in 20 years the population will double. The problem is with the mountains behind the coastal strip there will be a big competion for land near the city. Competion = Higher prices.
What do you think? Let me know, maybe we should start a syndicate; better than super?
Kev
Now I am New to this too, but I think I found a way of locating them.
I did a search on the internet, limited the search to houses between $10,000 and $110,000. Then for QLD.
The result is that you get plenty of hits and a lot say what rent they get back.
Now you would then need to visit these towns to check them out but I did find some in Rockhampton and all along the coast.
Cheata
[withstupid]O.K. let me please explain.
Gold member: Some of the advice recieved was to top up one of the investiment properties for the deposit on a new +CF property. So my question is if I say on Investiment Property 2: which is Negitive Geared: and currently Owe:$133k to a new loan of say $155k and the rent still at $215 pw
then using the 11 second solution the figures are really blown out. So isn’t this self defeating in trying to obtain as many +Cf properties as possible. Neg Gearing is the [satan] devil, isn’t it?Or am I looking at this wrong?
Now ValiantWagon, I apprieciate how on paper that it looks like I’m in gravey,…. well reality bites real hard…. I live in a very harsh remote area of Australia, in a house that hasn’t seen a lick of paint for 30 years. The only way I can get ahead is to send myself to a virtual prison for a few years. No quality of life here, even the e-mail is only delivered twice a week. After tax and supporting 5 off one wage doesn’t leave much for the casino. One reason for getting into this is that I’m looking for way out of hell.[grrr]
Oh and also I pay tax too, which makes me self employed.[tongue]
Anyway I really thank all who have positive suggestions/advice.
Cheers
Cheata
[withstupid]Thanks Guys,
A bit more specific question, if I top up one of my investiment propertys, wont that send my repayment up so high that it would take ten years of inflation for the rent to turn it ino the +CF prop we try so hard to achieve?[satan]
Now I can see me getting the next +CF property, say for $88k and rented for $160 pw. So what happens then? Won’t every property you purchase decrease you ability to purchase more? Increasing risk and all that?[weird]
Anyway guys the info is very helpful.
Thanks
Cheata
[withstupid]
