Forum Replies Created
Hi Freckle,
Cheers for your input is definitely something to think about. This is just some info I have picked up from being in the industry for a decade.
I maybe an investing novice however am very rehearsed with the resources sector. About 6 months to a year ago Rio started axing “Contractors” for PreFEED and FEED future developments. This reduction in future demand has put a massive scare through out the entire resources sector. Western Australia is not going to simply collapse in the following years. and you are correct the demand for Iron Ore itself is “plateauing”. There will always be a demand !!!
The major Iron ore giants are slowing down in construction of new facilities but people fail to realise:
– Existing facilities will still be running
– Existing facilities will still require hardware and support (perth, Karratha, exmouth based vendors)
– Other resources i.e. gold silver mineral sands etc.
– Oil and Gas in WA has not boomed yet. There is oil everywhere in the world and the most accessible is the first retrieved. At the moment they still messing around with the North west shelf ( approx. 50m of water) and are yet to completely explore the canarvan basin (200-300m depth)
– Perth will be the next resources hub Shell moving to foreshore development, Chevron acquiring another building, Rio looking at moving their head office
– Another interesting fact you may not know is a lot of Norweign companies from the north sea are having a presence and moving to Perth
– CSG is currently being explored in WA
– Ports for antartica when the start exploring there (it will happen in 20 – 30 yrs most likely be perth based, but def somewhere in aus)
– Pluto future expansion
– Browse basin will go ahead it may not be an onshore facility however this will create 100s of jobs during vessel install etc.
– The packers investment TEAM definitely see something still in perth with their future developments.
– Construction is short term acquiring 10s thousands (and in most cases they fly in and out from easternstates)
– difference between here and Aberdeen is perth is a very family friendly city with great weather. people will move their families over here for the boom and stay.Just a bit of information I thought id share with you guys nd something to think about before you rule out perth.
I assume that response means its a good investment idea ….. not at the moment still have to acquire the land
Portfolio PI wrote:Investingnovice wrote:Josh,I am planning on buying a 3×2 Brand New Townhouse on Fowler St (West Gladstone) being managed by Elders real estate. Did you have a look at these town houses what would be your recommendations for buying one of these properties . i.e. location, construction of homes, rentability etc etc
Hi Wendy,
any chance of a link to them on the net? I think I know the ones you are talking about, the white looking ones?
What is the rental appraisal?
Josh,
Please see the link attached
http://www.eldersrealestate.com.au/residential/buy/property-townhouse-qld-gladstone-453113
they looking at $700-$750 furnished
Josh,
I am planning on buying a 3×2 Brand New Townhouse on Fowler St (West Gladstone) being managed by Elders real estate. Did you have a look at these town houses what would be your recommendations for buying one of these properties . i.e. location, construction of homes, rentability etc etc
Fellas, I too started with MyUSA property signed off paying my outrageaous start up fee of about $600 and all I can say is:
DO NOT GO WITH MY USA PROPERTY !!!!
<moderator: delete personal comment> im trying to get my money back aswell as i was promised to be on the emailing list but somehow always had issues with my email address. All I can add is there are better companies out there that give a better service, with out an upfront fee, dont try to tell you all they get is a flat $3000 commission expecting you to buy it and best of all some also give you a 3 yr rental guarantee which is not quite the going yield however shows that their confidence in the market and there is still some source of income.
I eventually bought a house with US Prime and never been happier
Gents,
Just like to share my limited experience and exposure to the market to help anyone that was in my position that i was about a year ago.
I started looking at US property just under a year ago and started researching this company. They send out a very informative DVD explaining all queries one would have to investing in the US market. However I had to pay them a decent amount of money just to be on their mailing list. Now i m all for people making a quid but the price was really steep just to be on an email service (and to be honest i dont believe that the only money they making from the sales is a fixed price they declare in their brochures…. anywayz I did a bit of research on areas and initially liked all the major cities in Ohio. I received about 4 properties from Ohio and then I didnt hear anything back from them for a few months where they started sending me properties in Florida which is the one place I definately wanted to avoid. kept asking for Ohio properties and kept getting Florida properties.
about a few months ago started looking at this different company US Prime Property Which I have to say did not charge me to view their houses was really helpful put up with all my stupid questions and has now given me a property that I am very happy with.
The property is in Kansas City I have a 3 yr rental guarantee on the house and the house is already tenanted. When they gave me the inspection reports there was a insignificant change i merely suggested. They replied back telling me theyll fix the issue and extend the gutters to furthermore avoid the possiblity.
All on all I am really happy with my purchase and wanted to share my lil bit of info I researched and learnt:
From what I can understand major companies in the North of the country are struggling, as there cost are quite higher, and moving to Middle and the South hence why I stayed well away from detroit and opted out of Ohio (Cleveland Columbus etc) and started paying more attention to kansas City.
The reason why I stayed away from St Louis is due to it having a reasonably small population and since the GFC i couldnt really see an incline in population
So hopefully everything goes well and within 6mths to a yr Ill be looking at diversifying to another city
Thanks Angel much appreciated
