Thanks for your info CWCCWC,

I lived in Darwin for a few years, that’s when we brought up there. We have a rental house in Nightcliff near foreshore R2 land. I am really interested in growth over the long term and have found Darwin to be alittle slow in that area.(Have other IP’s interstate that have boomed) However, with the gas plant and…[Read more]

CWCCWC,

Where about in Darwin are your current IP’s. I am watching with interest what the local market is doing, what is your view on the outlook?

Cheers, Julia

Hi Cookie,

We used a buyers agent in qld. He got us a property, market value $600,000 for $470,000. How? the property was on the market 18 months prior for $470,000 and didn’t sell, the o/s owner did not know the market had moved and when he recieved a fax offering him the $470,000 he took it. We did not inspect the property as we are…[Read more]

DHA, in the ACT anyway, sell propertis above the market value, up to 8% more, so you pay for the long lease. I would be careful.

I think it depends on where the property is. We have property in warmer states, one with and one without a pool. We got about $40 less rent a week for the one with no pool compaired to a rental in the same street with pool.

I brought a house in Nightcliff (to live in) anyway we ended up moving a short time after and have had it rented ever since. Paid $220,000 in 1996, tried to sell in 2001 but changed our mind when only got offered $265,000. Anyway, since then, with the railroad and Gas deals it has jumped to about $320,000. NT News say prices could rise about…[Read more]