Forum Replies Created
Hi
Saw Broken Hill mentioned as having +CF deals available. Does anyone have upto date info on Broken Hills future prospects. Have done a bit of search but no upto date info found. Some interesting properties, and not many on the market for rent or sale. Does anyone have propety there or have any interesting info.
Thanks
GlenHi everyone
I’m also new to the PI scene and loving the advice handed out on this forum. The re.com sites are full of hotel managed apartments. Is the oversupply due to it being hard to finance or the fact that they aren’t wise investments. Heaps of apartments in Cairns gaurentee 7% + returns, which like was said is meaningless if the company goes bust. Is this likely in Cairns, some of the apartments look great, have potential for residential market if company goes bust aswell.
Also looked at student accomadation in Brisbane, heaps of talk about the increase in int. students, but plenty still on the market. 104 Margaret St shows reasonable returns but tiny rooms and 30 or so of them 4sale.Schoofy
Hi Redwing
Know what you mean about WA market.
I live in Albany and rent is way behind the over inflated prices down here, pretty similar to perth i believe.
Am new to property scene with 140000 equity and 35000 in LOC on my own property. Problem is nowhere around here is close to +CF. A friend of a friend bought a property in Norseman for around 30000 returning 12-13%. Ravensthorpe and Hopetoun have gone through the roof with the mine activity. So we have started looking over east also. Goldcoast and SE Qld do still look like showing good returns. Don’t know about SA sorryGreat forum
First timer
Schoofy
