I am in the process of developing a CF+ deal. It is going to take 18 months, but it is worth the effort. I purchased a subdividable corner block in a country town in SA ( strong local economy and high employment ). The subdivision has just been approved and in the mean time I have ordered a three bedroom transportable home from Allsteel Adelaide.…[Read more]

Hi A few basic thoughts
1. minimise Personal debt ASAP. Pay of the car loan and credit cards as a priority. If you can’t do this, think about how you will repay your loan on the property.
2. Property doubles in value every 7-10 years. The cycle has already started so you could expect 5-7 years for significant capital gain. If you can cope with…[Read more]

Hi
I invest in a small country town and have done pretty well over the last 3-4 years. A few things that I do
– have someone in the town you know – for me it is my mother
– look at emplyment rates. there are country towns that are booming ( yes mining as well) and there are towns that are going backwards big time.
– check occupancy rates. if…[Read more]

Lisa I am in the process of doing the same in SA. A couple of thoughts
– time taken to do a subdivision is fairly long ( close on a year for me)
– be careful with service costs ( sewerage, power,water )
– extra costs after siging a contract eg changes to plan
– it is helpful to find an area with relatively cheap land ( corner blocks in some…[Read more]

Interesting! I am just starting the same project in Bordertown. Bought land, subdividing and putting up 2 transportables. My aim is to sell, with rental as a 2nd option.

Why wouldn’t you sell and take the profit, giving yourself opportunities to continue investing?

all the best!

G’day Dave

I have recently joined property investing and read your note about finding property. I have been looking for a couple of years in the wrong places! I too couldn’t find a suitable positively geared property. I have recently purchased in a country town (SA)near family, which has a high demand for rental properites for under $60 000. Rent…[Read more]