camjanice wrote:
Mmmmm, perhaps I should have bought in Emerald instead of Mackay.  Will have to wait a few months until Mackay is finished then might look at Emerald again. 

Are you building there? Mackay is a little lower rental yields, mainly due to the land supply over the last few years. Your rent will grow in the short term in Mackay, h…[Read more]

camjanice wrote:
Hi, just wondering what the rents would be for a new 4 bedroom house in Emerald?  Say 200 m2, 2 living areas?   Cheers. 

Hi,

For a good quality build in a good area you would be looking at $600 – $650 now. Rents are increasing fairly steadily.

rusty,

if you start neautral or just positive then if you have invested in a good area than rents increase along with capital growth. a property that you buy today that might be neutral, in 3 years it should be positively geared with rental increases. thus creating a long term positively geared portfolio with great equity/capital gain

Hi Rusty,

what’s wrong with buying in areas with neutral gearing which will in essence become positively geared as time goes on with CPI etc? This way you can find good properties in good areas that don’t cost you anything to hold yet are growing in capital value.

I could think of a lot easier ways to make $60,000 per year than holding $3m of…[Read more]

JT7 wrote:
Hi Josh,   I’d like to hear your thoughts, and anyone else with experience for that matter, on the current new estates situated on the southern side of Emerald?  I think I’d speak for many investors interested in purchasing newly built properties in Emerald, that a major concern is the not only the quality of the builder and the end p…[Read more]

ssimpson2003 wrote:
Hi AllLong time lurker first time poster! I have to commend you all on a great thread! I've been reading with interest.Myself, I'm quite curious about Emerald and have just commenced some due dilligence into the area.  Just wondering, other than the information already posted does anyone have any recommended reading?I'm very…[Read more]

shoooshoo wrote:

Portfolio PI wrote:

shoooshoo wrote:
if i was to buy in qld, and need a solicitor to have a look at the contract, can i use a melbourne conveyancer, or is a qld one better, if so any recommendations?

shooshoo,

you must use a QLD registered/licensed solicitor. this doesn’t mean they must be in QLD however most of the time…[Read more]

fingerscrossed wrote:
Hi again JoshWhat about Capella?.  I have heard that Rio Tinto have a new mine approved for the area.There are no houses for sale or rentals available out there at all.A few house and land packages are about to hit the market.What are your thoughts on this area please.ThanxDeb

Hi Deb,

Capella to me is quite risky, the…[Read more]

shoooshoo wrote:
if i was to buy in qld, and need a solicitor to have a look at the contract, can i use a melbourne conveyancer, or is a qld one better, if so any recommendations?

shooshoo,

you must use a QLD registered/licensed solicitor. this doesn’t mean they must be in QLD however most of the time they are.

fingerscrossed wrote:
Hi JoshFirstly, thanx for taking the time to help out investors with information on the Mining Towns.Your blog updates and forum posts have been great reading.I have purchaed homes in the Bowen Basin, Surat Basin and in Kalgoorlie and  have experienced great capital growth and rental yields in all of them.I love the Mi…[Read more]

KeyStrategies wrote:
Hi Josh and everyoneI think this now puts a whole new light on matters up in the Bowen basin http://www.dailymercury.com.au/story/2011/09/02/breaking-news-the-state-government-today-cleared/But reading between the lines is interestingcheers

Thanks keystrategies,

great news for regional QLD! Another mine to get underway!

You saw the bank or a broker? That will impact what you can do sometimes. Also some banks only recognize the states median rent, not on a regional basis (reality). Also some areasbthe bank consider “riskier” just make sure you don’t buy in an area like that. Again each bank may have different criteria for what they are comfortable with.

hot off the press…Emeralds largest agency has just 2 properties available for rent currently. forget what realestate.com.au shows, this is now reality. I knew it would come to this! rents and prices will now start rising dramatically

you can throw any verbal completion dates down the drain and look at the contract of sale for an off the plan project. this will tell you when the project must be completed by, and if not you have the right to terminate. developers need pre-sales to start in most cases, this,along with raising funds as well as everyone getting there act together…[Read more]

shoooshoo wrote:
hey guys

i’m considering buying this unit in Dysart, i have heard that this unit, or maybe something like it, was going for cheaper in the local newspaper.

http://www.realestate.com.au/property-apartment-qld-dysart-107626389

hi Shooshoo,

why won’t they be ready for a year and bit? if you put your deposit down, you can’t…[Read more]

unless you are going to live in the property you do not get any first home buyers grants or stamp duty concessions/rebates in QLD. you would only be eligible for the $10,000 building grant if you purchased a brand new home.

it sounds like they have tried to sell you an overpriced unit and when you’ve questioned it they have provided you with a…[Read more]

elvisfan wrote:
Thanks a lot. I’ve now got my bearings.

Due to the article also posted above. What’s wrong with Bowen as a place to start to create interest for housing?
Especially if things are earmarked for what’s in the article.

Has Bowen not got much in the town? Seeing as theres all this available cheap land would it not in the near…[Read more]

jamesw82 wrote:
im not sure what would be better to do this or a course with margaret lomas company destiny, it sounds very promising but the destiny course cost a mint.

Hey Jamie,

reading a few books is what I would be going for. That way you can take from them what you wish and not feel any pressure. I know youve read some but just keep…[Read more]

Terryw wrote:
Josh,It would be possible to split the loan into 2 so Henry could have one for the land and one for the construction. I dont' really think there is any benefit to this though.I was wondering about the stamp duty too. Maybe the builder is paying it by including it in the price of the land.Henry, good way to learn things isn't…[Read more]

Hi Henry,

Okay now I am confused again. In another post you mentioned that JDL were trying to sell you a 2 bed unit for $435k. Is this still the same property? if so, then there is no “split loan” for the property itself. Maybe a split loan for the deposit and balance but you cant buy a unit / townhouse with 2 separate contracts. When buying a…[Read more]