Forum Replies Created
Hi guys,
I've spent quite a bit of time working and living in Brisbane over the years. I have to say I agree with Aussieguy2000, it is absolutely a matter of opinion in terms of what suburb would make a good long term investment. Personally, I always preferred to live somewhere reasonably close to the CBD and with a family type feel to it. Kelvin Grove, Chermside are all good options because of the infrastructure/transport etc. Ultimately though, there is so much new development going on in the outskirts of Brisbane and job prospects have been a little up and down recently. I don't think there is such a thing as a sure thing, suburb wise anymore. As has been mentioned quite a few times though, it's all a matter of opinion! Try living there or talk to someone who has lived there to get feel for the lifestyle.
I'd love to hear if anyone has had a positive experience from owning a rental property in the Fairield/Ashgrove area..
Gaz
I'd agree with you on the growth in Melbourne Nige, but not so much for Brisbane. Being a QLDer myself I've seen how volatile it can be. It always seems to be the first to go up and the first to go down… Not to mention the fact that Brisbane has markets like the Gold Coast in it. Home of the marketers and spruikers which start these bubbles in the first place. Melbourne on the other hand, has a great infrastructure, growing population as well as a growing demand for inner-city living. Still, in my opinion, someone would be better off buying in an area with reasonable square-footage, within expansion grounds of the city. Wait for the rat-race to come to you and don't be caught fighting over shoddy micro apartments with cheap ammenities and below average yields. Real estate is a get rich slow game, play it that way!
Well guys, I hate to play devils advocate but I did A LOT of research. I took close to 8 weeks to decide on which Aussie company wasn't a blatant rip-off and to be blatantly honest, my answer is probably none. Still, I didn't want to go there and do it myself so I went with the company I thought helped me out the most and that was US Invest. I have since bought 3 homes, two in Atlanta and one in Tennessee. (By the way "Facilitator" when you say Tennessee has no population growth and poor jobs statistics I'm not sure where you get that from because its the opposite to the research I did before buying.) I don't know if these guys are good or bad but all of my properties have performed fairly well. The aircon packed up in one of my Atlanta ones but hey, I can't exactly blame them for that.
So far the service I have received from these guys has been better than what I receive from my own property managers back here in QLD. Just saying, don't bag them before you try them as it look to me like 99% of the posters on this forum are in fact their competitors. DYOR thats all…
Gazz
Any company that 30% net returns is a scam in my opinion. What happened to all those people Cash flow Gold sold to in Detroit? Are they still getting the 'amazing' returns people were promised? Its just a pity it took so long for Aussies to wake up to such marketeering and I daresay the exact same thing will happen here. What will happen when all these mining companies shift out of town? Or the price of oil drops? Or any other MAJOR change that can happen in such an industry. That sort of advertisement is unfortunately making false promises good luck. I'll stick to QLD thanks!
Yes, interesting point Tyrone. The fact they are selling US property doesn't scare me as much as the returns they are promising!! Seems crazy to think that people ACTUALLY believe they will get a 30% yield!! If this was the case, surely these spruikers would just invest millions and then retire within a matter of a few short years??
Hi guys, hoping you can help:
Also looking to buy in US, either through SMSF or cash. I need to know how I can set-up a US bank account from Oz as I spoke to a few companies of which some said they could do it, none have managed to actually come up with the goods.
Would I do it with my LLC name? If I was to use a company selling property in the US could they make this happen or is that all a myth at this stage?
Thanks,
Gazz
So I hear Speedy. My two properties are both in Mackay. Too far north for the two-tiered marketers I hope!
Both mine have done me well but I'm just not so sure about putting my money on foreign soil. The problem is, most of what you see on the internet doesn't make sense so I might just have to buy myself a ticket to the America and visit Disneyland on the way…
Speedy, I know in Australia, I would be taking a lot more into account than the cost per sq. ft. What about its location? proximity to schools,? Street Frontage? I'm just a window shopper at this stage but I would suggest doing your own research and finding a few key 'wow' factors about the property. Its worked for me in all my Queensland properties to date.
Best of luck,
Gazz
