elvisfan wrote:
Hi guys, like the other person I’m trying to read through all the posts on my I phone!
So I’ll just ask a simple question.
Are these Dysart etc communities part of the Bowen basin?
I have come across an opportunity I think in Bowen itself.
With the large mining companies setting up there, is it wise to invest in Bowen…[Read more]

$200 per week?? thats even worse!

currently the median sales price in Coomera for houses is $388,500 and has not been over $400k. The median sales price for units is $239k.

To try and sting you over $400,000 for a 2 bed unit is crazy! i would love to know the address to do an owner search and see if they or someone there owns it?

Unless your in…[Read more]

Love it!

although as an ex agent theres nothing more satisfying when you do have other people/offers on the table and people think youre lying because your an agent then they call you 1 week later when they see a sold sign and ask why you didnt tell them!

Hi Ash,

also something to consider is any tax that you have to reduce. Its not why you buy property but it helps you understand what might be right for you. Your wage/salary will also determine what you can do in regards to lending.

The banks arent bad, its important to distinguish between good debt and bad debt. Without banks you most likely…[Read more]

Henry Adams wrote:
@Josh, yes many thanks for your input and suggestion mate, I appreciate that. JDL confirms that the next big boom in housing and property is in QLD, especially COOMERA, when I asked them why not NSW metro or regional area, they said it is already over priced and not good for the following reason (cannot negative gearing which…[Read more]

Henry Adams wrote:

Portfolio PI wrote:

Henry,

expensive or not, it is un-necessary. Our company for example, sells investment properties, we charge an REIQ capped real estate commission. A mortgage broker makes a commission and quite often a trailing fee from the bank, an accountant charges you by the hour, a lawyer charges by the hour. All…[Read more]

Henry Adams wrote:
Josh,

Yes, I’m still new at this investing world and yes, by reading and learning from others in this forum has certainly an eye opener for me.
In conclusion this JDL strategy plan is quite expensive in the first place to spend $ 8700+$880 and also the Finance team push me to get the 95% loan.

Henry,

expensive or not, it…[Read more]

Also Henry,

why negative gear in what is perceived to be a saturated, low market that is predicted to receive very low capital growth in the coming years? Why not positively gear after saving tax, keep the $8,700, negotiate the best deal you can with an independent mortgage broker, buy a property in a good area with solid growth and only have a…[Read more]

Derek wrote:
Hi Henry,Is JDL (or a subsidary company) operating as a broker in this transaction too If so looks like a pretty good deal for JDL.Joining fee + finders fee + brokers fee for refinance + fee for new loan and maybe a marketing fee from vendor.Does that sound right Henry?.

maybe a marketing fee? theres no maybe about it. They will…[Read more]

my latest blog update, a bit of the box but I feel it necessary for people to assess the facts of mining areas and regional towns.

http://ppiqldtour.blogspot.com/2011/08/apples-with-apples-and-oranges-with.html

It long again, but I hope it helps you!

sapphire101 wrote:
Hi FT,There are a number of things to be aware of before you jump into mining areas, the least of which is to be one step ahead of the economy, which is a very hard task in itself. An interesting article is here from Mr…[Read more]

Initially 15% will live in Emerald, with expectations of this to grow as bus in bus out becomes a more family friendly option. They will need accommodation in alpha, however this will be specific and wont be as easy as buying a run down house and getting $1500 per week for it.

what happens once everything is built?

thats my only concern

deductible or not,

I still don’t understand why they charge the fee?

Investingnovice wrote:

Portfolio PI wrote:

Investingnovice wrote:
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…[Read more]

that’s correct, out near the worksites, not in any towns

Derek wrote:

Portfolio PI wrote:
If it is tax deductible then you will get back your tax rate on that amount. so if its $8700, and you are paying 37% tax, you will receive 37% back at the end of the financial year if it is a tax deduction.

Cannot see how the fee is deductible – at best may be able to be used to offset future capital…[Read more]

Anywhere on the western side is where the newer developments are however many established properties are around the $500-$600k mark. Even townhouses are selling off the plan in this part of town for $500k!

The north/west side is the better option i believe as it is the furtherest away (whilst within close proximity) to a lot of the industries.…[Read more]

Henry Adams wrote:

Derek wrote:
Hi Henry,On limited information supplied some of the following may not be relevant.Coomera is one of those new release suburbs (has been for a while) and with more land to come. AT best I would imagine rent return would be around 5% so you are out of pocket for rates, insurance, body corporate (if relevant) and…[Read more]

Jaidee wrote:
Josh, do you have any info on the dwelling approvals – unit approvals in Gladstone, could there be an oversupply issue, specially wiith the CBD units !!thanks

Hi JD,

Heres a link to whats in council planning at the moment, http://www.gladstone.qld.gov.au/web/guest/planning-applications .

when i made the post about being more…[Read more]