I believe you are mistaken. We only focus on Capital cities or very large regional areas. House and land as most savvy investors know are very hard to price above the market due to the banks regulations re valuations of the property are even started. Sure there may be exceptions to the rule, but in general, this rule works.
In regards to dealing with marketing companies, Im sure most people agree here thats its much better to deal with a company that deals in house and land mainly as they get paid (usually) more or less the same that any standard real estate agent does, not the inflated figures companies get paid if they deal with off the plan only.
Goro
This reply was modified 10 years, 3 months ago by goro.
Purchasing property is about the numbers, and not about the emotion.
I suggest you do your due diligence on the properties and strategy presented like any good investor should do – instead of following emotional based advice.
In the past, there have been some confusions on this forum where other property marketers have (unfortunately) put a bad taste in a lot of peoples mouths. This is why its important to get rid of the emotions and do the relevant due diligence on the numbers (not just heresay and conjecture)
Goro
(Full disclosure – I do work with the aforementioned company, and if I didn’t stand by our product, I wouldn’t be here on this forum… simple as that)
This reply was modified 10 years, 3 months ago by goro.
I just saw this message and thought I would clarify (so at least things havent been mis-construed).
Firstly, apologies if you were made to feel uneasy, as my intention is to help the best I can. A simple google search of myself should have given you a heads up about my philosophy and background. But we are all humans and the great thing is that we all have different opinions.
For everyone else here, this was a house and land package with an instant subdivision / equity position that was presented in Toowoomba at that time, certainly not units – especially not docklands – its concerning to say the least as to how that conclusion was derived.
As a company we over 80% of the stock sold being house and land in select growth areas with only select unit developments. Personally, my own portfolio is skewed that way as well.
There’s a difference in being logical about a purchase and looking at it as an investor and being emotional about a purchase and purchasing through greed and fear. That being said, i agree with most of the advice above, its good, solid advice! Do the Due Diligence and ensure numbers stack up to whats being promoted – with any investment.
This reply was modified 10 years, 4 months ago by goro.
This reply was modified 10 years, 4 months ago by goro.