keiko wrote:
Thanks everyone for your posts.I have a question regarding Moranbah, I have noticed property prices have gone from around $400,000 in early 2011 to $600,000-$700,000 nowAnd rents were advertised for about $1200 per week now there is a lot at around $2,000Whats happened??? less than 12 months and it jumped a fair chunk, are these…[Read more]

Hi All,

Have a look at my blog (link below) it might give you an idea of where to invest for the long and short term. Chinchilla has an alarming ration of construction V operation workforce, be sure to do your research on that. Remember, not all mining is the same, Coal mining is completely different than Coal Seam Gas. Just because billions is…[Read more]

I wouldn’t worry about LMI at all. If your spending $400,000 its not really that much of a difference in the life of the property. It is a difference if you refuse to pay it so do everything with a 20% deposit, then you may only be able to buy 1/2 as many properties in the long run than you could if you only paid 10% deposit and paid minimal LMI.…[Read more]

mattsta wrote:
heres some recent Gladstone property data and trends. It might help you figure it out:http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=nsw&u=gladstone

That link is actually to Gladstone NSW, not QLD.

Also be wary of realestate.com.au data as its accuracy is far from reality.

Gladstone has a fluctuating workforce…read…[Read more]

mattnz wrote:
It sounds like the ULDA are going to screw up the Moranbah housing market as well with a huge amount of land set aside for under-market housing as they have just done in Gladstone and Rockhampton. This is probably what your bank is concerned about.

http://www.ulda.qld.gov.au/_dbase_upl/MoranbahDevScheme.pdf

Hi Matt,

it is the…[Read more]

We have found ANZ to be the most pro-active for us in Moranbah, even flying up before official approval came through to meet the valuer in Mackay to ensure that the land we purchased cam up to contract price as it is vacant and has no comparables.

Very good service! It pays to use a mortgage broker, they will sort out the good and bad managers for you!

Hi Lizzie,

Congratulations on being in a financial position to invest! Firstly, never buy or not buy based on an article, remember the people writing the articles quite often have less experience in property or more particularly the areas you are looking at than you may.

Secondly, Don’t just buy for capital growth and have to pay money each…[Read more]

JT7 wrote:

Portfolio PI wrote:

sporty1 wrote:
Hi everyone,Does anyone have an update on the ULDA land release in Blackwater?I have tried calling them several times re the time frame and size of the land release announced earlier this year. 

I have given up on trying to follow the progress of the ULDA! sorry I am of no help!

You've been a…[Read more]

waydo77 wrote:
good blog and good forum, liking it.

some of those yields are quite decent, has anyone on here gone in halfs with anyone to buy in gladstone/moranbah/emerald/mackay?

looking at doing this to get my foot in the door over there as I only have the capacity to borrow up to 250 k at the moment. judging from what ive read on here and…[Read more]

coalstar wrote:

thanks for the info, very interesting.
What are your thoughts on Moura, Blackwater and Wandoan??

Can Blackwater be the next Moranbah and Wandoan the next Blackwater??[/quote]

Hi Coalstar,

Sorry as mentioned time is quite restrictive to go through every centre at the moment.

Blackwater will experience some good growth…[Read more]

Amnesia wrote:
Just seen this story which might help. http://tinyurl.com/7z5lc9o   Also, having just purchased a 5x2x2 house in Clinton, the letting agents are saying the letting market has slowed and letting values have slightly come back, saying ours has a value of about $650pw. In October they were suggesting $700-730pw.  This maybe be…[Read more]

sporty1 wrote:
Hi everyone,Does anyone have an update on the ULDA land release in Blackwater?I have tried calling them several times re the time frame and size of the land release announced earlier this year. 

I have given up on trying to follow the progress of the ULDA! sorry I am of no help!

HI Everyone,

Nearing the end of the year it would be great to hear everyones experience with regional QLD and how your properties have performed!

Its great to see the rental yields throughout regional QLD raising, unfortunately there are still areas where the council / developers / banks are not being pro-active enough in working simultaneously…[Read more]

the agent needs to be able to show that he can still “live” for a period of time should they have no income. Im pretty sure that is one loop hole

nathsn8686 wrote:
hi Josh,

What are your thoughts on Clermont with the Adani mine being so close.

Also have you noticed any properties with cracking in the brickwork and gorund slab due to the proximity of blasting from the mines.

Hi,

the mine could have potential impacts on Clermont, however being 160km north west, i dont think you will…[Read more]

As a company, you get to claim the GST back, on the build and even on the land purchase. However the ATO WILL audit you and assess your intentions especially if it is your first time claiming. So you do get to “hold on” to GST. It takes me 9 months to do a development, i claim all GST back on the land and construction contract during that 9 months…[Read more]

Hi mark,

you will need to BUY the property in the company name. You cant just buy it in nay name and have the GST attributed to a shelf company as such. When you buy the property with the right entity that claims the GST, the ATO will go through you like a fine tooth comb to ensure that the claim is legitimate. That is, that you have purchased…[Read more]

Hi mark,

you will need to BUY the property in the company name. You cant just buy it in nay name and have the GST attributed to a shelf company as such. When you buy the property with the right entity that claims the GST, the ATO will go through you like a fine tooth comb to ensure that the claim is legitimate. That is, that you have purchased…[Read more]

B2 luck wrote:
  Hi Josh, Firstly I'd just like to thank you for all the information that you are sharing freely. I'm just loving reading all of your posts.At this minute, my husband is at the solicitors office in Emerald, handing over our signed contract on a house that should be completed within 3 months in Emerald. Very exciting times for u…[Read more]

fingerscrossed wrote:
Hi again JoshAfter doing more of my daily due dilgence I had decided to wipe Capella off my list of places to buy due to the risk factor.  Thanks for your input Wth our next purchase, we are looking to hold for 2 years initially – but who knows, I have said that before and have sold earlier due to the GFC when I did a bit o…[Read more]