Do you live in it or rent it out? Is it costing you anything or endangering anyone? Do you plan to tear it down in seven years anyway, regardless? Curious.

Good luck, whatever you decide.

I had something happen with a different major bank some time ago. I was buying my first house (PPOR) and was a bit strapped for cash. Got pre-approval, signed contract subject to finance, then asked the bank to knock off the $600 application fee, as some other lending institutions were doing it. Nope, no chance. I might have been able to go and…[Read more]

You might check out Canungra. If it’s not positively geared, it’s close, and you can probably still get property there within your budget. Good luck!

Maybe Canungra? I’ve posted about it a few times in a different thread; check out my posts from July 2016 onwards https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/26/. Seems to be doing well there at the moment, and usually about 45-50 minutes to Surfers Paradise!

Look, that’s just what I think, and that’s to…[Read more]

Thank you!

So Ajay, where did you end up buying?

But the prawns have that white spot disease! I’ve seen movies that start like this… :P

Ok, here’s a few:

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.
– Plato

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena,…[Read more]

Good for you. You buy the place?

BTW, you might like John Pupavac, of BPI Gold Coast North. Great inspector, thorough, explains everything well, does building and pest, doesn’t mind if you pester him later with questions. He’s done a few for me.

All the best, and good luck!

Well, things look like they’ve jumped at Canungra. Thought so. :P Still achieving 4.8% returns (1), and only 2 properties currently for sale and not under offer listed under $400,000, though one does look like they’re chasing substantially more (2). Properties there have been going under contract in days.

Oh, I was on about Kingaroy before. The…[Read more]

Well, things look like they’ve jumped at Canungra. Thought so. :P Still achieving 4.8% returns (1), and only 2 properties currently for sale and not under contract listed under $400,000, though one does look like they’re chasing substantially more (2). Properties there have been going under contract in days.

Oh, I was on about Kingaroy before.…[Read more]

Hm. The tenants you get will do a lot to determine whether it’s a good or bad investment. Can you get good tenants and a good agent if you pick the bad area option? If you can, then good. If not, even with insurance, dealing with a trashed house is likely to be a pain in the rear end. Which option do you think will have more capital gain? How do…[Read more]

Would be interested in this myself. :)

Hm. Don’t forget to take stamp duty into account. A Queensland fellow I spoke to in a pub likes to buy a property about once/year, live in it for a year to get the relevant (reasonably substantial) stamp duty concession, tidy it up whilst in it, and then either sell it or rent the property out whilst buying another one and doing the same thing.…[Read more]

Further to my previous post, the proposed new coal mine near Kingaroy is preparing its environmental impact statement, and the proposed new wind farm near Kingaroy is having its environmental impact statement assessed. If either goes through, it means lots of jobs for Kingaroy (what will this do for rents and property values?). Lots of property…[Read more]

Actually, this is interesting… up to 350 new construction jobs in the Kingaroy area if this goes through. They’re hoping for a 2017 start of construction. Kingaroy township only has a population of about 8,000 people [1], and is currently returning about 5.81% [2]. What would those extra jobs do for property values and rents in the…[Read more]

Thanks people. I’ll think on it further.

Now, Beenleigh, on the other hand…