Anybody finding cashflow neutral (or positive) properties in Townsville with the cost of rates @ 3k and insurance not much better?

What kind of prices are you paying, and what kind of rent returns are you receiving?

My thoughts on Northshore is that there is too much land available in the immediate area.  There are too many new houses for sale of a similar standard, on similar sized blocks, making them a dime a dozen and causing capital growth to be poor in the immediate future.  Also, I have found yields to be quite low compared to some established places.

In saying that, a PM that I spoke to has informed me that northshore is in demand for tenants at the moment.

My thoughts only.  If someone has a different opinion, let it be known!

What are the extra costs involved in owning a Torrens title duplex compared to a house?

I would assume rates would be the same as they're calculated on land value.  Insurance would be similar too, wouldn't it?

What considerations would you need to take into account if you planned on buying one and then strata titling down the track?

I.e. Seperate water meter and switchboards etc.

BigCubez,

Where abouts did you meet up with NPA?

Did you end up going with another mob or did you go DIY?

Thanks for the response guys.

I will definitely be asking for something concrete in regards to their payments before I would go any further with them.  I will also make sure I do some due diligence in regards to the property and any areas that they recommend.

On the plus side, there was no hard sell, no pressure.  I was pretty forceful in telling the consultant what I wanted and didn't allow any BS.

I will see what they come up with in their Statement of Advice and will post excerpts on here if anyone is interested to see.

Has anybody dealt directly with NPA?

keep the comments coming!