Forum Replies Created
Thanks Derek,
Some real good food for thought, appreciate your replyCheers,
cmcm
Hi Steve,
Watched the video, looks great. Will Investment Detective run with Windows 98 ??
cm.cm
Hi Loanwolf,
I live in Port Macquarie on the NSW north coast. Port Mac has been quoted in recent times in major newspapers and investment magazines as “Port Macquarie”SEACHANGE”, the fastest growth area in NSW”. Residential property in this area has had capital gains of up to 142% in the 2003 / 2004 period and although slowed is still showing growth now.New penthouse top floor units on beachfront are selling for 1.2 million.
Rental returns have dropped dramatically with the boom in prices but the gems are just inland in small rural towns 30 to 45 minutes drive from the coast. I agree, from what is being experienced here that a “GREENCHANGE” is coming as prices on the coastal strip get out of the average persons reach.The local council here is already doing upgrades to the services to these small towns to compensate for the intended long term growth in population. Baby Boomers from Western Sydney are starting already to move to these areas as the coast is now to expensive but these towns are just 30 mins from the beach and a lot cheaper to buy.
BRING IT ON! I’m gett”n ready.
cm.cm
Thanks Redhaven.
cmcm
Byronent,
Ohhh didn’t think of that,
THANKS….
cmGidday eliteviews,
I agree with you, but what is your strategy ? In these times my strategy is +CF and hold for long term capital gain. But do not underestimate capital growth in the right country/rural area.In 2002 I purchased a 3 bed single garage brick and tile home in Wauchope NSW for $117k (the previous owners paid 115k 3 years previous) made $15k in improvements to update the kitchen, bathroom and paint out.It rented for $210 per week.In early 2004 it sold for $269k!
Property values will now stagnate in this area but in the long term will jump again as nearby coastal towns will continue to have huge growth.
For me due diligence is the key.”Seachange” has pushed house prices on the NSW North Coast (eg Port Macquarie)through the roof, but for areas located just inland from these coastal areas a “Greenchange” is coming. It may take a while to turn around but it’s worth the wait if long term investment is your strategy.
Happy Days,
cm.cm
