Thanks for your reply Richard. I see you are in Brisbane, we are not too far away. We have just put one of our investment properties on the market so that will help pay for the building anyway, and we don’t intend to build for 6 months.

Can I email you full details and you can let me know what you think?

I have been researching Muswellbrook for a long time and believe it has a lot going for it. The expected development expenditure in the shire over the next 5 years is 2.6Billion.

There are many coal mines, two major power stations that service most of NSW’s power, Accor are building a mecure hotel in the area, the F3 is continuing on to Branxton…[Read more]

Hi BJ,

I also use Prime Properties and have never had a property vacant for more than 4 days.

How much rent are you looking for? My properties are in the lower rent bracket.

Hi Andrew,

I purchased a couple of properties in Rocky last year. My advise is to drive and walk the streets. When you are looking at a property, talk to the neighbours. You can tell the bad streets just by looking at them.

Don’t be put off by the lower class areas as these can offer the best yeilds and you will find you will have tennants…[Read more]

thanks guys.

It is in our home town so we know the price is great.

I think the reason mum has to pay the double stamp duty is because if her friend pulls out she pays nothing but if she onsells it she pays stamp duty???

I did a lot of research on Rockhampton before I bought there. I have a lot of confidence in Rocky, even the flood areas as council has done a lot of work on the Fitzroy river to stop it flooding again. All the locals I spoke to are confident it won’t flood to that extreme ever again.

I think it would be hard to find +cash in Townsville and I have…[Read more]

I found Mark and Louise at Molloys very genuine.

Please send me one and I will pass it on.

[email protected]

Please send me one and I will pass them on as well.

Hi everyone, I too have been looking at buying a property near a uni and renting rooms out. Wondering how you guys find the tennants. Do you advertise at the uni?

I have emailed you Lynchy. There must be more investers out there living on the Central Coast that are interested in a get together.

Hi Lynchy, I also live on the central coast and was thinking about doing the same thing. I have 3 investment properties (2 are + cash) and and in the process of buying a few more. I spend a lot of time researching areas and have found lots of +cash areas. My problem is finding time to drive or fly there. Once I have been to an area and got to…[Read more]

Hi VPA,

I have purchased a few properties in Rockhampton in the last week that do meet the 11 sec rule. There are not many left and the properties that do have more than a 10.4% yeild don’t get advertised.

In regards to vacancy rates it is getting harder for property managers to find tennants and many landlords and dropping their rent to fill…[Read more]

Hi John,

Did you buy in heart of Cairns? Did you buy unit or house? I am also visiting a few areas in QLD very soon and Cairns will be one of them.

Hi all,

I WAS a corporate travel consultant. I now consider myself full time mum and property investor.

I also have been considering Cairns and have come across a few positive cash properties. Mainly units in the city. There is also a big demand for rental properties and agents have waiting lists for tennants wanting 2 bed units and 3/4 bed houses.

thanks Kirby. I have spoken to a couple of local agents and they advised me to buy in and around Mandunda because that is where the locals want to rent. Maybe I should stick to the beach areas?

Hi Redlilia,

Yes your right wyoming is one of the cheaper suburbs. It did used to have a fairly bad reputation but seems to be picking up lately. The beaches would be about a 20-25 minute drive away, not too much there just food shops, car yards etc. If Gosford continues to clean itself up this would be a good suburb to have an IP to rent to…[Read more]

I will try to answer all questions but please let me know if I’ve missed any as I am running out the door and will answer again when I get back.

Kincumber, some parts are close to the water and although it is only 5-10 minutes from Avoca, Terrigal, Saratoga etc it has not had as much growth as sorrounding areas. You can still buy a place in the…[Read more]

thanks, appreciate your comments guys!