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  • Profile photo of mpks70mpks70
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    @mpks70
    Join Date: 2003
    Post Count: 6
    July 19, 2003 - 1:26 pm

    quote:

    To some extent that depends on you and your circumstances. That’s fine for some people.

    For me I want min hassle being interstate and new to the game etc… So I go for -ve cashflow high CG property in “good” areas, for piece of mind. I dont mind being out of pocket a bit. I see it as a kind of insurance payment to secure my ideal investment property, that I expect to pay dividends a few years down the track, once higher rents kick in.

    At present minimum hassle, time and convenience is more valuable to me, than saving a few dollars, though I still try to get the best return possible given the circumstances. I figure I can hold at least 3 quality IPs on -ve chashflow, before I need to rethink the strategy on the next one.

    good luck.

    Yes I guess it depends on individual circumstances and your analysis makes sense.

    Thank you for your reply..

    Mark…….

    Profile photo of mpks70mpks70
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    @mpks70
    Join Date: 2003
    Post Count: 6
    July 19, 2003 - 1:19 pm

    quote:

    It’s also worth looking around Caboolture, Deception Bay, Beachmere, Bellmere, Redcliffe etc. These areas are just now beginning to grow – Brisbane is stretching out again and anywhere within 50 min of Brisbane CBD and bayside is likely to bring in sound returns. If you look at how the gold coast has connected to brisbane over the past 15 years – you can see how it will happen northside of Brisbane over the next 10. Caboolture Shire has experienced a growth rate of around 20% per annum for the past 4 years and is expected to outstrip the national growth average over the next 3 years (report from Caboolture Shire Council). Beachmere and Bellmere also placed in the top 50 areas in Australia last year for property growth..
    Something to chew on anyways [:)]

    These figures might not be ‘exact’ as I can’t find the folder I was reading it from…but it is certainly within the vicinity of the figures I have quoted..

    Regards
    Sharon

    Hi Sharon.

    Thank you for your reply, your information is both informative and interesting. I will look into beachmere and see what I can find as this is a suburb that I have not looked at.

    All the best..

    Mark……

    Profile photo of mpks70mpks70
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    @mpks70
    Join Date: 2003
    Post Count: 6
    July 19, 2003 - 1:09 pm

    quote:

    Hi there mpks70. I too live in Sydney but aspire to move to Qld some day. You mentioned Cleveland and Victoria Pt. Have a look at Redland Bay (same postcode as Vic. Pt and just down the road). I believe it is really growing there and seems a bit more secluded (if that makes sense). I have an I/P there that has seen phenominal growth. Just an opinion but I think it is great both to live there and for any future I/P’s
    All the best
    Marty

    Thanks for your feedback Marty its good to see another person that has invested in the area. I am very positive that the area has a promising future.

    Cheers.

    Mark…..

    Profile photo of mpks70mpks70
    Member
    @mpks70
    Join Date: 2003
    Post Count: 6
    July 19, 2003 - 1:04 pm

    quote:

    I think all these areas offer good growth in the long term. I can only suggest diversify your investment localities. buy some closer to CBD and some farther away. That’s what I’m going to do.

    Yes that sounds like good advice, I dont want to place all my eggs in one basket.

    Regards. Mark

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