Hi Raylee. Just a thought, but how about buying a decent property in Redland Bay where you will get great growth (and not a bad yield) and 1 or 2 cheaper properties in the Ipswich area which should give not a bad yield and possibly even good growth if you are buying long term. I have I/P’s in both areas and all is going well. Hope this helps.

Regards

Marty

Hi Lawry. No I haven’t used any solution when buying, except, does it suit my investment requirement but mainly, can I afford it, i.e do the numbers add up. Fairly sure that you will not get positive cashflow in bayside areas (I could be wrong there though), but as mentioned, capital growth has been outstanding there (in Redland Bay) and by all accounts, should continue to do so. As a quick example; I purchased one property there in Sept 2001 for $188000 and another for $198000 in Nov 2001 and both properties would sell for around the $300000 mark now. I’m a big fan of the area, but as always, do your research.

Cheers

Marty

Hi all. I too, like Lawry, agree that the bayside part of Brisbane will continue to have good strong growth. I’ve liked Redland Bay for a while now (also hope to move there later on) and was reading the other day that another shopping complex costing approx $50 million is going ahead at Victoria Point (same postcode as Redland Bay) which will bring more revenue, employment etc to the area. Not bad considering a massive shopping complex with cinemas etc went up at Vic Pt only within the last 2 yrs.

Cheers

Marty

Hi ya Gaza. Mate, I haven’t heard of Country House(you had HOSE, lol)& Land Sales, but I personally am very dubious with anyone guaranteeing any sort of return. I am not saying this company is not legit but it sounds like a DHA (Defence Housing)type of deal to me and I haven’t heard too many good reports with the way they structure their contracts. Just my opinion, but I prefer to buy a standard property and let a prop mgr look after it.

All the best

Marty

Hey Captain.
From the rent, deduct interest + rates+ insurance. You may also want to allow for repairs also. Don’t forget that you can claim depreciation which helps you out too.
Cheers
Marty

Hi Andrew. Very thought provoking and I’m sure I will re-read this a few times, or better still print it out. I find posts like this (i.e more of a comment than a question or answer)kind of inspiring and helps me to focus on the big picture.

Cheers

Marty

Hi Anna. Why the confusion? You say that you already have two investment properties, which is better than most of the population.Whatever you did to get those I/P’s off the ground, just do again. Also, believe in yourself, as I said, you are already doing better than most people out there.
Take care, all the best
Marty

Hi hwd. Yes, you add your income plus rent received, BUT you also minus deductions such as depreciation, interest, etc. Can be good or bad, depends on your gearing etc.
Regards
Marty

Hey Willi. My goals re P/I are very simple. I intend on living off rents whilst still adding to my portfolio. Intend on selling my PPOR (in Sydney) and possibly/probably moving into one of my I/P’s (in Qld). Have mentioned this before on this forum. Hopefully this will all happen within the next 5 yrs.
All the best
Marty

Hi Sooshie. Haven’t done this yet, but I intend to (sometime later, prob at least 3-5 yrs away). I live in Sydney and have 2 I/P’s at Redland Bay, Qld and if things go to plan I want to move into one of them. Things to consider are in my opinion are mainly family oriented. By that I mean, I have a 16 yr old son who obviously I want to come when we move but depends on what he is doing with work etc. Also the move from existing family and friends comes into consideration, even though I keep telling my wife “they’re only an hour away by plane”. To finance such a move is not a major problem, just sell my ppor here in Sydney, reduce debt and off I go, that’s why I need the 3-5 yrs. Anyway, enough of my ramblings, hope this hels in some form or another.
Have a nice day[]
Marty