and could you add Dysart to that list, I have two properties bought there 4 years ago, and am thinking of buying in Emerald/Gladstone/Dysart again.  Cheers and happy new year!

Hi Mike,  thanks again for the report, was very kind of you to send it.  regards  HG

My real estate agent just posted a request for anyone selling in Dysart he's run out of properties to sell!  And nope i'm not selling mine, he attached an article saying that the area continues to perform strongly and the demand for coking coal is still high and that development is still continuing, gotta be happy with all that )

I need one too, last one was not up to scratch – so… anyone prepared to share??

Just been up and had a look at my 2 ip's in Dysart, both rented on long leases, and renewed at 1000.00 until 2010.  There is an excess of small unrenovated property in the area atm, landlords that have taken their money and not done any maintenance, some have been vacant for 3 months or more now.  Larger better maintained properties are still re…[Read more]

Well, in Dysart, I just had one lot of tenants on short term contract move out, and BMA move in with rent at 1000.00 pw with a 6 monthly rental review on a 12 month lease, and the other tenant has just said they are staying as well and want another 12 month lease at the same amount.  But yes the fast growth period may have finished, i've noticed…[Read more]

Daedalus,  More to the point, do you know anyone able to do a reno like that for you?  I too would like to do my two places there up a little, both are high sets one has been done downstairs several years ago and needs work, the other one is only half filled in with gaps still and a bathroom started but with only a toilet.  Can anyone rec…[Read more]

No stars here mate, this will be ip property numbers 8 & 9, i've done my due diligence i've just not purchased this type of property before, yes they are in growth areas, and yes they have a slight premium on them, but they are also finished to an extremely high standard, and in areas with high rental demand, so just wondering if anyone else had…[Read more]

8% rental return plus depreciation to be added to it

I just put my rent up in Dysart from 700 to 850 pw and I was told I was being conservative!  I understand its quite true that some are renting now for 1100 pw there.  And prices have moved a lot too recently, API predicted Dysart as one of the top hot spots for the forthcoming year and it seems they were right on.

yup, a bath is always good for a family rental, I would think not having one would be a detraction to a property.  I've just bought one, and they have renovated and taken it out, however, I have the chance as its a high set to build in downstairs, add a bedroom and another bathroom, and yup, the bath will go in there, even if its a shower over…[Read more]

i'd be hanging on, there has been good growth in the area, can't you just use the equity to start you off on the next project.  I've just bought in the area, and once again its tipped for over 20% growth because of the growth in the mining industry in the area.  I'm buying again, and again in the new year…. such a shortage of accommodation in t…[Read more]

i'd hang on, the whole region is tipped for major growth over the next few years.  The developers are buying up any land they can and the sewerage has just been extended in Nov in the area.  There would be lots of information on the net regarding the development happening in the area.  If you have good tenants, and the property is not sitting th…[Read more]

Hi Nat,  see if you can still grab the last two issues of Australian Property Investor, they listed the top 100 spots for growth in the next year, and there was some pretty good research write ups done by them.  I invest on the mid north coast around the Port Macquarie region, slow growth atm in the area, about 6% last year.  And unless you ma…[Read more]

might help to look at your credit cards too, I just learned that if you say have an amex or visa with a 20,000 limit, even tho you pay it off every month, the lenders consider it maxed out when working out your finances…  it all adds up.  Good luck

Marc,  The town is about pop 5000, and growing, with an obvious shortfall in decent housing and huge growth in employment.Cheers and beers

errr…Its Ms thanks, and yes i'm a nice person how kind of you to point that out.  I took the advice of researching, reading, attending seminars and doing my homework, NOT asking where are the +CF deals and waiting for them to drop in my lap thanks.  No one on here told me where to find the deals, and nothing here says I have to give you all my h…[Read more]

Tell the forum!!!!  And then you can't work out how to find your own deals.  I'm happy i'll be getting excellent growth… predicted at over 20% in the next year.  And…i'd like to see if I can get another one before everyone else does lol.  But its not rocket science, just follow all the tips here and you can find them yourself, and get out and…[Read more]

YUP, Darwin would have been a good buy a few years ago to hop on the growth there.  Me, I did my homework, bought the block of land next to me, put a house similiar to what DHA were building on it, made 150,000 growth and i'm getting at least 50 bucks a week more rent than the DHA ones are returning, and I pay normal agents fees on it not the…[Read more]

I live in a street full of DHA properties, no one can sell them here in Medowie, the rent is poor and the outgoings high, yes you pay for your "free carpet and repaint" with those fees.  As an ex military person, we know they are all not a great investment.  You can find much better with a bit more research.  Prices in Medowie are fairly flat at…[Read more]