Hi,

I'd go up to do the reno's, my brother is a builder on the sunshine coast, so we'd make a road trip of it. I'm happy toexplore the idea of extending the trip and helping you out. Send me a private message if you like.

Daedalus.

My hindsight is always 20/20 too

Looks like the asking prices in Dysart have jumped about 90K in the last few weeks – no doubt influenced by the jump in weekly rental. There are now property ads confirming weekly rent at the 850pw level.

Time to get the property revalued

Deadalus

Indeed! That usually happens with speculations that I decide not to go with…

Daedalus

For anyone who is interested, I ran the above ad and attracted a high level of interest. I ended up selling in just under 4 weeks in a cooling market.
Ironically, even though I targeted investors, the buyer was a first home buyer and will move in when the current lease expires.

Go figure.

Daedalus.

Hi GlenNess,

When I visited Clermont, it didn't seem as gung-ho as Dysart and Moranbah, although I've read recently that there is some new major mine activity in the area. Clermont is also a rural centre, so you are a bit diversified. Having said that, the yields were lower when I was looking about 8 months ago.

With regard to investing from a distance, I bought both my properties up there sight unseen. You really just need to do your research and make sure you get building & pest inspections. I've since been up a couple of times to inspect and do maintenance, and the properties were in line with my expectations. I'm based in Sydney BTW.

Daedalus.

Hi MAK,

It's hard to tell, because it's a small market. However, from discussions with REAs up there, tenants will prefer properties with better facilities. In particular, entertaining areas/decks etc seem to be popular. So this would give you an edge in attracting tenants and higher rents. This would have to be an advantage, although you'd need to work out the return on investment to make sure.
There does not seem to be a big market for the quick reno and re-sell, as there's simply not a big market.
I think aircon, a good kitchen, bathroom and deck would be a winning combination in these areas.

Daedalus.

Thanks Steve,

I really appreciate your feedback. This is quite an interesting process. Here's my second draft, hopefully it has a bit more bite

Want a high-performing, low stress investment?
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The 2BR, 2-storey townhouse in a small, private development is situated in a prime position within one of the most consistent capital growth areas of Australia. Centrally located within 3mins of Sunshine Plaza, schools, Maroochydore town centre and beaches, this property will always be in demand from tenants – for you that means both capital AND rental growth.
Less than 12 months old, featuring built-ins and quality fixtures, maintenance costs are minimal. The dream tenants have been in since new, so you will earn income from day one with no addional letting fees. Weekly rental has increased in line with booming rental demand at each lease renewal, with a new 6 month lease just signed.
A full depreciation schedule has been prepared so you can maximise your tax deductions immediately and improve your cash flow straight away.
This is a smart investment, offering trouble-free returns, capital growth and excellent yield.

It's a great deal for the fast-acting investor. How great? Call now to find out!

Thanks again,
Daedalus.

Moranbah is a much bigger town, around 11000 people I think. Dysart would be under 4000.

Moranbah is not as central, but yes, closer to the coast (a little). It is between 2 pretty large mines.

Dysart is further from the highway, but centrally located amongst a larger number of mines and smaller mining towns. It not only provides accomodation for the mines and works around Dysart, but also overflow accomodation for the mines and works around the nearby towns, in particular, Middlemount.

Daedalus.