moxi10 wrote:
On the subject of the Gallilee Basin development, obviously the fly in fly out option will be utilised by the mining companies, and will be a big influence on the prosperity and development or lack thereof on nearby centres. If I were employed on a mine site in the Gallilee Basin on a fly-in fly-out basis, I would prefer to fly…[Read more]

Portfolio PI wrote:
there is a lot of development happening within emerald currently, woolworths are spending $120m on the largest shopping centre for the town, Harvey norman have confirmed a site, bunnings still shopping etc.

Do you have property there Jack?

Josh

Hi Josh,

Yes I do have property in Emerald and I’m seriously considering…[Read more]

Yes Josh I’d have to agree with you in relation to the Galilee Basin. Emerald should develop into a regional powerhouse supplying infrastructure out to those mining sites but also provide housing for some mining families that choose to live in the area.

Interesting to see what will happen further south in the ‘Golden Triangle’. I know there is…[Read more]

rusty05 wrote:
Jack, I think I'll have to track down one of those "extremely knowledgeable and experienced brokers on this forum" you speak so highly of because they obviously know the game inside out. Thanks again. 

No worries Rusty and happy to help out. Sounds like Terry gave you some good advice.

If you need any further assistance re: b…[Read more]

Hi Rusty,

sounds like you are in a good position. I would strongly recommend you speak with a mortgage broker who is also a successful investor themselves. They will be able to guide you on your journey. There are lenders that will consider 100% of rent from investment properties and again a good broker will source these lenders if required.…[Read more]

Portfolio PI wrote:

moxi10 wrote:
Rents in Blackwater are quite high already, you will see demand increase in Emerald more so as three of the largest coal mines in emerald plan to get into gear just 150km west of Emerald. I am an ex local to the area, am in the area every two weeks for my clients and have 15 IP’s in central Qld.

If you need…[Read more]

Qlds007 wrote:
Hi FreeHave a read of my article in the Oct 2010 API magazine and it will tell you a bit about how i started my journey.If you want it in PDF format shoot me an email and i will send it over to you.Just cant attach it here.CheersYours in Finance

Hey Richard,

got your article right here in front of me and it’s a cracker…had to…[Read more]

fredo_4305,

I wouldn’t be too concerned about Queensland mate. The financial year 2011-12 we are going to see some massive investment due to the resources industry expanding. Queensland should display the strongest growth economically out of all states. Queensland predicts strong exports, a big jump in investment and household spending will drive…[Read more]

jim beam wrote:
Everybody has their own criteria for investment.  I think real estate in Tassie is appealing becuase its a low capital entry (Hobart is lowest capital city in Aus) and generally offers 5% + return with limited downside. For what its worth hobart had the highest capital growth over the past decade of any capital city in aust.…[Read more]

ALF1 wrote:
Well said JT7 – you must be a local down south like myself. Yes, Seaford is going to be HUGE and I forgot about the rail extension so infrastructure down south is amazing and getting better!

Hi ALF1,

No not local just well researched I guess. I’m interstate but travelled down recently to finalise a purchase west of Commercial Rd…[Read more]

JT7 wrote:

ALF1 wrote:
Hi BytheBay.I live in Adelaide and yes the are areas in Adelaide that we believe will receive phenomenal growth are places such as Christies Beach, Port Noarlunga South, Aldinga, Moana, etc in the south and Two Wells, Virginia, Gawler, etc in the north. Opening of Northern Expressway; widening of Southern Expressway; an…[Read more]

ALF1 wrote:
Hi BytheBay.I live in Adelaide and yes the are areas in Adelaide that we believe will receive phenomenal growth are places such as Christies Beach, Port Noarlunga South, Aldinga, Moana, etc in the south and Two Wells, Virginia, Gawler, etc in the north. Opening of Northern Expressway; widening of Southern Expressway; and the $8…[Read more]

Cameron Thompson wrote:
The options above are good, however have you considered that maybe you could spend 10,000 or so REALLY investing in renovating it? You dont need to change any of the house’s structure, but repainting the house, maybe change the shower and water basin, or put in new shelving and modernize your kitchen and such, can REALLY…[Read more]

Heath Workman wrote:

Jamie M wrote:

Heath Workman wrote:
you can pick up positively geared properties down there for under 100k.

Hi Heath What's the historical growth been like in these areas and are there any driving factors that will lead to growth in the future? Everyone loves a CF+ IP but if there's little or no growth, it's not worth…[Read more]

Jamie M wrote:

Heath Workman wrote:
you can pick up positively geared properties down there for under 100k.

Hi Heath

What’s the historical growth been like in these areas and are there any driving factors that will lead to growth in the future? Everyone loves a CF+ IP but if there’s little or no growth, it’s not worth it (in my…[Read more]

Lefty wrote:
Hi Jack,I am in Negoa Rise. Which property manager are using?Lefty

Hi Lefty, I'm with Athene @ Ray White. I've found her to be very good and not shy on keeping the rents up to market value. I've had a couple of good long chats with her and get the feeling that If I was a tenant I wouldn't want to get on the wrong side of her!…[Read more]

thecrest wrote:
Suggestion.If I was renting to the mining market, it'd be like this :Fully furnished3-4 brms 2-3 bathroomshuge gas HWS system(s)Gas ducted heatingR/C split system air con to every bedroom & common rooms like loungeBBQ & deckTurn lawn into parkingHi Speed wi-fiBig flat screenBeer fridge in the garageThe mining guests are mostly…[Read more]

Lefty wrote:
Hi Paul,Bought in Emerald last year. Bought in a high & dry area. Do your reserch as it will apy off I.E Rent increase of $100p/w in the 1st year & $30K capital growth.RegardsLefty

Hi Lefty,

I also got into Emerald early last year. Picked up a little cracker on Esmond Street – Sarah Court. High and dry and its doing very well for…[Read more]

ydr wrote:
Hi There,
I’m a new investor and was looking at Blackwater & Emerald as the rental returns are very good. It worries me that these towns very much depend on the mining industry and I’m scared that if something goes wrong, they will end up being ghost towns. however I’ve noticed that Blackwater has a Woolworths which is a positive sign…[Read more]

eilatan28 wrote:
but we have done the second scenario ourselves – we rent out our entire PPOR while we choose to rent in another suburb. – The entire amount of interest charged is tax deductible, AND our PPOR remains CGT exempt while we continue to rent!!   best of both worlds!!!happy investing! hope that helps

Hi Wattoette,

eilatan28 is on…[Read more]