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It all boils down to what you feel comfortable with, if I was engaging a Buyers Agent service I would want to pay a % or a flat fee and have a signed agreement in place. Rates can vary depending on the service, you can easily call up 2 or 3 Buyers Agents and ask them to send you their pricing. This way you can compare and get a feel for whats out there.
Hi Christine I have some info on mining towns and am happy to send it to you. Firstly do your research i.e. what is the term (years) of contracts that are in place, how long has the mine been going, whats proposed in terms of future development etc etc. Mostly high risk in my opinion but there are good investing opportunities both in the short and long term depending of course. As mentioned I have info on a couple of areas that you could consider, feel free to email me and I will forward to you.
I want to add.. in a general sense its good to look at areas where you see major traffic arteries and as you mentioned, schools, hospitals, universities and other public facilities, shops etc… google maps is good for a birds eye view. New infrastructure is always a point of interest and then you can always find out where infrastructure is planned for the future, speak to local council town planning. Find out also where large companies like Coles, Woollies and Bunnings are planning to develop. Hope this helps.
Hi I can assist you, please email me the areas in particular you want to research and I will send you full Residex reports that show you past statistics and future growth projections.
We have access to updated reports on states and suburbs Australia wide. The reports have accurate info on past and projected growth. Let me know what suburb/s you are interested in and I will gladly send you the info. This offer is also available for all forum members.
Re Brisbane, it has been suggested there a current shortage of housing supply is between 6,000 – 10,000 dwellings. 1000 people a week moving to SEQ, affordability in regards to ownership and rentals is mid range and Brisbane wages have grown at a higher rate then Melb or Sydney. Brisbane is one of the lower risk investment cities and according to a recent residex report, has passed the ‘worst’ it has to offer. Forecasts indicate there is more upside than downside and that the downside is lower than other eastern state cities. The states budget is looking like its on track to returning to surplus over the coming years with the LNG contract mid coast. From all the resources I have Brisbane looks to be good investing over the next 5 – 10 years for sure and now while a little flat, a buyers market. Time to get in.
In my opinion you cant go wrong with SEQ and Gladstone right now. Brisbane’s a buyers market at the moment and it has some very solid fundamentals in place i.e. population increase, infrastructure spending to cope with the increase over the next 10-20 yrs. And Gladstone seems to be pre boom but heating up considerably right now.
Without making a direct comment regarding YPC, I recommend you do your own independent research well so that you buy at the right price. And make sure you are confident the suburb you buy in has all the ingredients in place to give you a good return on your investment. What state are you thinking of purchasing?
Happy to send you complimentary Residex Suburb reports for these areas, feel free to shoot me an email and I will reply.
Before getting back with any suggestions theres one question, from the figures above the LVR on the O/Oc property is 94% and the LVR on the Inv property is 74%. (loan divided by the value) the overall LVR is 86% which is fairly high. You will need funds to settle the purchase i.e. deposit and costs, do you have savings or were you hoping to use available equity in your existing properties to fund the purchase costs? Perhaps shoot me an email and I will crunch the numbers for you on a spreadsheet.
