Forum Replies Created
- Originally posted by landt64:
hi,
does anyone have any thoughts in investing in far north qld? I’ve seen a couple of properties that would fit the 11 second rule but I’m not sure if it’s a big enough town.I’d appreciate the help.
thanks
landt[blink]I’ve been doing it in Cairns past few years and done very well, the place is still booming and rental vacancies for homes are only around 2%.
Saw a couple of builders diplay homes here http://www.cairnshomes.info. New homes/Land complete can be bought for $250K to $380K and expect a return of about 5%/6%. Also, DHA rent long term in Cairns for big Navy Base Personal.
Quote:If you dont move in, I would probably not sell within 12 months anyway, that way you get CGT discount and if you did sell within 12 months it would be taxed at your marginal rate (income tax rate)-G7Do you mean not sell it for 12 months from the date land tile is in my name? or when the actual house is finished?.
thanks for your info.
Originally posted by JOKOB:Hi
I’m currently wanting to buy my first investment property and have been looking into Cairns abit.
Just wondering if anyone can share their recent experiences in the market. Is there still significant potenial for capital gain there and what would be the best areas? Any to avoid?
As i’m not a local, does anyone know of any planned developments projects or new industries heading there that may affect things? Or where could i research that?
Is it better to buy in Cairnes itself or head a little north to the beaches, eg Trinity,Clifton beach?Thanks, i’d appreciate any advice
My daughter built a new house on elevated land in upmarket Forest Gardens 10mins to Cairns CBD (its a Delfin Lend Lease Project), finished 5 months ago cost all up turnkey $275,000 just had it valued for equity purposes at $345,000.If rented out expect return of some 6%, Cairns has a very low vacancy rate of about 2%.
Its cheaper to buy land and build if you want new (rather than buy a spec home). You should be able to buy land and build house for $250K, think the depreciation is better for new homes too.
Look here http://www.cairnshomes.info
Originally posted by c.stone:So where are the best places to invest for positive gearing in NSW, QLD and Vic.?
N.C.Stone
Think Cairns, still in boom mode and expected to continue for foreseeable future, and a very low vacancy rate of some 2%. Land, new and established home prices continually on the march.
The City is experiencing rapid growth and record visitor numbers. New homes available there for $250K/$350K expect return of about 6%. DHA also rents new or near new homes for Navy base personel.
My daughter built a new house on elevated land in upmarket Forest Gardens 10mins to Cairns CBD (its a Delfin Lend Lease Project), finished 5 months ago cost all up turnkey %275,000 just had it valued for equity purposes at $345,000.
Look here http://www.cairnshomes.info
