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  • Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Hi Kelly,

    I notice from your profile that you’re in Maleny. That’s quite a popular tourist destination, was there myself with my wife last year and loved it. Have you thought about building a couple of self contained cottages and renting them out to tourists?

    Just an idea.

    Cheers

    Chris

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Refer to this previously posted reply to one of your other posts for the same question.

    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=2548

    Cheers

    Chris

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Hi Again,

    Wherever La Porchetta are opening or have opened a new restaurant is a good start!

    The house special please, but hold the anchovies.

    Jokes aside, there may be some merit in this.

    Cheers

    Chris

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Hi,

    Try this one too. It comes more from a tourism angle but has useful information, including industry info and how many retaurants etc.

    http://www.walkabout.com.au

    Go to the link ‘Australian A-Z’ and search towns and cities alphabetically.

    Hope this helps or else you can call the Australian Bureau of Statistics. Their web site is http://www.abs.gov.au though I think you have to pay to get info.

    Cheers

    Chris

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Hi All,

    Have our PPOR, which we paid off in under 4 years and has since more than dbld in value since we bought it, and 2 -ve grd older aptmts in South Yarra & Toorak which have gained appreciably since we bought them over 3 yrs ago. My job has just been made redundant so have considerable cash injection plus good savings to invest with. Will look at either buying +ve cashlow prop in inner burbs again, or 2 or 3 in regional areas. Am a little concerned though about the number of investors flooding regional areas. Will there be too many rental props on the market and not enough people wanting to rent? Will this force returns down in a competitive market? I digress, my apologies. Well done everyone.

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Hi Yarra,

    I’d be really pleased if you could spare some time to talk about the ins and outs of your ‘investment’. My wife and I are keen to start up a B&B in the future and think this may be a good introduction. If ok, please send me your contact details to my email address.

    [email protected]

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Harold,

    Me logical? My friends would laugh at that. I am keen to get itno tourism eventually and was exploring the possibilities you suggested. It’s just that the farmers have now got a little bit savvy and know they’re on a good thing. They are now diversifying and incorporating tourism into their businesses ie farm gate sales of their produce, etc. Still, for me it’s a going to be a matter of an investment in lifestyle as that’s where I want to settle my family. I’ll keep on buying IPs close to the city for CG in the meantime until we’re ready for our seachange, or shouljd that be countrychange.

    Profile photo of ChrisAChrisA
    Participant
    @chrisa
    Join Date: 2003
    Post Count: 8

    Howdy All,

    My name is Chris, 36 yrs young in a few weeks, married 5 1/2 fantastic years to gorgeous Julie, who is 32, and live in Ringwood North, Victoria. We’re expecting our first child in January on Australia Day. How patriotic is that? In the meantime we’re busy practising our parenting skills on our cat Cossie and 3 chooks, Jackie, Molly and Snowy. Somehow I think it’s going to be a little different, but can’t wait until I’m a daddy! Has anyone tried burping a chicken?

    My job in sales at Telstra has just been made redundant, but it’s something I’ve wanted for a long time and am really looking forward to the future. It’s a new beginning in so many ways for us but gee it’s mentally exhausting thinking up all the different strategies to take. I just need to harness all that energy and get stuck into it.

    We paid off our PPOR in less than 4 years, have 2 -ve grd IPs, which we bought nearly 4 years ago, one in Toorak and the other in South Yarra. With equity in excess of half a million, including a decent redundancy package, we’re in a great position to launch into something substantial as far as investing goes. I know you should never have regrets, but I wish I had paid heed to my parents advice when they told me 15 years ago to buy property. I was too interested in going out to discos and getting drunk though.

    Anyway, our goals are to generate income from our investments and live on a small acreage either in the Yarra Valley or Mornington Peninsula and run a B&B and tours, I’m studying a Rural & Regional Tourism course, while my wife writes children’s books. Oh, she has to have a Llama as well! This is a 5-10 year plan and I know we will get there.

    Keep up the great work everyone, this forum is so inspirational.

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