India is also a country with ppl japan and also all of south east asia, China is only part of the story, then you have american consumers; and 500mml chinese moving from third world to middle class citizens in the next few years.Buy well and at a discount, increase your yield and you'll do well in mining towns; Moranbah though is way too…[Read more]
KevinR wrote:
Hi All, Long time reader first time poster – What are the thoughts on collinsville? I have done a lot of research and most signs suggest large capital gains and increased rents are just around the corner? If anyone can assist with thoughts or research they have done it would be appreciated! This is my first foray into the…[Read more]
Mackay has the edge over Singleton although you should get good growth over the next 5 years at both townsCheck out Adani mining…..proposing to build a new coal mine exporting 60mtpa (create new qld town west of Moranbah), railway and port at Mackay
if your looking for capital growth over the next 2-3 years then i'll be staying away. you will get good yields though so really depends what your after. Nothing dramatic is going to happen on the cc for prices to risethe whole area has been stagnant for a few years now. there is heaps of land and not enough demand. I just offloaded one of two…[Read more]
have been looking at regional towns of muswellbrook, maitland and singleton. Just wondering which town would be the best to invest in for capital growth?Also, I've been having trouble finding data on new mines that are existing and proposed in the area showing workforce etc, nsw planning website is terrible unlike qld's department of mines!!Can…[Read more]
Nearing the end of the year it would be great to hear everyones experience with regional QLD and how your properties have performed!
Its great to see the rental yields throughout regional QLD raising, unfortunately there are still areas where the council / developers / banks are not being pro-active enough in…[Read more]
Scott No Mates wrote:
A seller would be more likely to agree to allow access for leasing but would not agree to a clause allowing settlement to be delayed indefinitely as you can't find a suitable tenant or one at a high rent.
not true, it all depends on how good the agent is1. subject to obtaining a lease agreement at $………. prior to s…[Read more]
any conditions can be negotiated into a contract as long as its specified as an 'annexure' in the contract of sale and initialled/signed by both parties. It has worked with me every time ie; longer settlement, longer due diligence clauses extending the cooling off period, subject to finance approval, less than 10% deposit and securing a lease pr…[Read more]
the towns i think that will gain the biggest upside will be whyalla as the desal plant will be built there and port augusta with the new port etc.for me roxby downs is too risky as new housing will be built there to accomodate the new workers which means i don't think you will see returns high enough to justify buying there. the coastal towns a…[Read more]
does anyone know if you have a property under a call option agreement/contract, say for 12 months, can you collect the rent (total or part of) for that period and whether income tax would be payable?
freehold land means the vendor owns the land outright from the ‘crown’ or commonwealth whereas leasehold land is leased from the crown for 99 years. you can apply to convert leasehold to freehold but will cost you approx 70k. that is, you have to pay the difference of what the land is worth at ‘market rate’ or the what the valuer general believes…[Read more]