Forum Replies Created
I went to Aldi and bought hamper style goodies like chocolates, jams, etc, then packed in a post pack and gave to my corporate property managers and the tenants. Good will is everything. The responses I received were awesome. Folks, even property investing is all about relationships. Think of the goodwill bank account.
Thanks zed that it is about what I initially thought as well – 3 years thanks
From my mb re WBC lending
Please find attached policy change that advises that the bank will use only 60% of rental income in
Blackwater
Moranbah
Dysart
May Downs
MiddlemountFYI I have exact copy of policy if anyone wants
Cheers
JaneThanks all, we have 4 invt prop high yield in mining towns but haven’t bought for capital growth for 10 yrs! And never in bris. What is BMv?
My thought, for what they’re worth, is still that mining town investment is really about yield and aiming for no capital loss.
The key to yield for us is only buying property that has an existing company lease and if not to make contract conditional on getting one. Also property needs to be v attractive and at higher end of market so it is easy to maintain and appealing for tenants.
The key to capital hold is getting out at right time! This remains to be seen if I get this right!
So I will be listening intently on these boards re Moranbah, Blackwater and dysart where my properties are!
Hi there
I am a new member to this site – but was very interested in getting in touch with other mining town investors.We have property in Moranbah, Blackwater and Dysart, as well as a new build in Rural View (Mackay).
We wanted good yield as I am now a SAHM and needed an income. For M and B we have seen good capital growth – which will be a bonus if it holds until when we sell.
We bought Moranbah 2 years ago and have a great company tenant. We only increased their rent by cpi this year even though friends who also bought in M hiked it right up. I hope that we get some goodwill from the tenant for that.
We have a good company tenant in Blackwater as well with a 2 year lease expiring August 13 so that gives me comfort.
Dysart is looking a bit dodgy now that Norwich Park is closed. BUT we have a good company tenant at a great rent until April next year, so if the value drops in short term, I just hope that when we come to sell in a few years that the price will be back to what we bought it for.
Mackay is a build – not sure if I like that frankly – too much out of my control. Won't do that again. But I think we should see some capital gain, even though it is a negative gear (don't much like that! don't like losing money even if we pay less tax – still losing money!)
We are about to buy a Woolloongabba property in our super fund – a real capital growth investment – 20 year hold. Any advice on this would be much appreciated.
It is nice to have somewhere to discuss these issues – if anyone has any thoughts comments, or would like to discuss chat with me personally please pm me.
Cheers
jadatom05
