We brought an IP in Mackay a few weeks back after following the local prices for a few months. We have family up there who say the prices are going up almost weekly at the moment with a strong interest from down South. There is a shortage of rentals up there and the return is great. I personally recommend Mackay as a reasonably safe bet for a long term investment.
I am no expert but my own experience tells me that they don’t list all the rental properties available. When asking a Real Estate agent about advertising our investment property for rent, he informed me that it wouldn’t be necessary as the demand was high enough in the area that it would easily be rented through enquiries over the counter. I have also found that the websites are not updated often enough at times as I have often found a steal only to find out that it was in fact sold last week although still listed as “FOR SALE”.
I have heard alot about Rob Kiyosakis games. I take it you’ve played one or two? Did you learn alot about investing from playing them? He talked about his games alot in the book , “Rich Dad, Poor Dad” but I thought it may have just been a free plug.
Hey all,
I am writing to see what interest there is in arranging a Brisbane get together for Propertyinvesting.com people. It would be an evening probably in mid-late September. Details will follow but I wanted to first to see if there was a desire for people to meet each other in person. If you are interested please email me at [email protected] with your details and I will get back to you.
Look forward to hearing from you.
Enjoy
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(Andrew)
“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”