schmoo wrote:
I heard a rumour that prices have dropped by 30% in Moranbah and surrounding areas. Is this true?

I’m about to sign on the dotted line for a place in Moranbah and reading this thread is making me think twice and looking more towards Mackay for coastal living and more diversity and growth, or Emerald as a more affordable…[Read more]

Thanks for the advice. I have decided to go ahead with Jamie
Also, the thing that made me kind of think maybe i should go down another track (and make this thread) after getting a call from the REA’s mortgage broker was how super confident he was that i would go through with his deal. After he said he’d come over to my place, i confirmed with…[Read more]

Absolutely it would seem like a poor deal given that it is off the plan, is part of a large block of apartment and well, it is not student accommodation but is similar. That’s why if it were not NRAS (practically guaranteed CF+) it would be a terrible purchase. The agent said there would be good capital growth because of the area. But really,…[Read more]

Thanks for the reply Lefty.

Would you be able to elaborate on why the return is restricted and what these costs are? I had thought the return was the best part of the NRAS deal. It is well above all other similar properties in the area.

I have no time or desire to renovate properties (Although i certainly appreciate the tactic, it just doesn’t…[Read more]

Based on my recent experience, CBA will go to 90% on buildings over 40sqm… At 51sqm I think you’d be fine with anyone.

Thanks for the reply. The idea of the building depreciating is one i hadn’t put much thought into and will certainly have to take into consideration.