You can buy positive cashflow properties in capital cities, without LO/Wrap options, if you pay CASH, or that you put such a large deposit amount as your down payment, that any income generated thereafter is positive.

Short of this, not likely!!! [blush2]

I don’t think there are any that spell out what to look for when buying in these areas, but here’s a clue……

Look at things you SHOULD be looking for in good investments (ie. good size population or at least near to good sized township, good infrastructure (hospitals, police stations, roads, medical centres, not just a pub or cafe), tourism opportunities, employment opportunities (factories, commerical and manufacturing industries etc) shopping facilities (supermarkets, malls etc) town planning (see infrastructure, check with local council), recreational (swimming pools, parks and gardens, beaches), and apply them to any area. That is, if they don’t meet that criteria; don’t buy there!!!

Cheers,

Jo

[winking] np Claire, I’m Jo

Sorry, sometimes I forget to sign my posts off[blush2]

As for the above topic, there are arguments FOR and AGAINST buying sight unseen, it just depends on whether you feel comfortable with it.[whistle]

Hi Dave,

Don’t apologise, you’ve done nothing wrong.

Thanks for the info; it helps us to give you what you want, ie. opinions (based on fact, not on our assumptions that’s all). So really, it’s just so we can be fair and give you a more precise opinion as I stated earlier.

Personally, I would be reluctant to pay the vendor almost 10-15K extra simply because a property rents for an extra $20 p/week above the average rent for the town. Do the math, 20 x 52 weeks = $1040; you are paying min. 9K more for the place, it will take you 9 years to get that difference back!!! IMO (in my opinion) I’d tell him to stick it!!![blush2]

2 pubs, a restaurant, a cafe and a caravan park….WOW…at least the people can stuff their faces, get tanked, sober up with black coffee afterwards and crawl back into their caravans!!! Sorry mate, I’d give this place a huge [thumbsdownanim The infrastructure is appalling to say the least!!! What about a hospital, a police station, a school, major roads, power stations….important stuff; not just a couple of watering holes!!!

Cheers,

Jo

Hi Greg,

I was fairly certain that the links weren’t going to lead you to any information you didn’t already have at your disposal. As a teacher and investor I am confident, you would have done your homework and researched the topic thoroughly (exhaustively in fact).[biggrin]

Which leads me to the main reason for my post; I cannot stress enough to anyone, be it a green or seasoned investor:

RESEARCH, RESEARCH, RESEARCH
It is the key to doing one’s DUE DILIGENCE and although it is not a guarantee of success in your investing future, it can save you thousands upon thousands of dollars.

Cheers,

Jo

P.S. There is a “search” function available on this site (left hand side of the screen); it pays to use it at times!!!! Enjoy…..[biggrin]

Tamtam,

It is about “cashflow” not property purchase price. Sure price to purchase will be cheaper when prices go down and vice versa, but cashflow is not just about what you pay for a property, it is also about HOW MUCH you have to keep paying compared to HOW MUCH IS LEFT OVER once you paid all associated costs.

Positive cashflow means MONEY IN YOUR POCKET once all COSTS (eg. mortgage payments, PM fees, rates, land taxes etc etc etc) are taken out. If you have nothing left over, the property is said to be NEUTRALLY geared, if you have to dig into your pocket to make up the shortfall in all these costs it is said to be NEGATIVE geared, and money spare is POSITIVELY geared or CASHFLOW POSITIVE.

Hope this helps.

Jo

You’re forgetting the “End of the World” or Apocalypse predictions as well, these too are real to many believers.[blush2]

I don’t doubt possibilities of War, global warming, natural disasters, even The Second Coming, as they all have some level of credibility, but I don’t live my life in fear of their fruition.

Either way, as far as I’m concerned, bring it on….my bags are packed, my house in order and I’ve got plenty of munchies to nibble on during the ride!!!![biggrin]

Oh and btw (again)…..

SEASONS GREETINGS!!!

Here here Gats!!!![thumbsupanim]

[xmas] MERRY KISSMAS EVERYONE [xmas]

Ausse, what can I say??? [whistle]

[idea]I know……….

[kiss] MERRY KISS-MASS EVERYONE [kiss]

I seriously doubt, and I don’t think you have to be an Einstein to figure it out….You’re not going to get a burst bubble or any market sh**ing itself BOTH at the same time….if that were true, we’d all be well and truly f***ed!!!! [eh]