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  • Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    March 19, 2014 - 12:42 pm

    Hi guys

    After a few trips to rocky and plenty of research on the ground, I can report that anything out of the flood zone, fairly priced is selling quickly.

    Twice I got pipped at the post when putting an offer in.

    One was for a clean two bed duplex, the other a three bedder returning just under 7% yield.

    yes there has been a slight softening on rents, but this is on the back of some hefty rises, and the yields are still strong.

    Five months ago on my first visit, there was more quality stock to pick through, this has quickly thinned out. With only flood prone or high maintenance properties sitting stagnant on the market.

    I also found rocky to tell a different story each side of the river, with frenchville, norman gardens and parts of berserker ticking along nicely, whilst allonstown and west rocky seemed to be a slower market.

    Will defiantly be back up to secure another IP in the next few weeks.

    Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    November 3, 2013 - 9:39 pm

    Thanks guys.

    Terry I had a look at the section you pointed me to, covered lots of areas simaler to mine, but  more from an angle of making a PPOR an IP.

    I will keep on digging.

    If anyone out there does have a dedinative answer or has been through this scenario I would live to hear the result.

    Cheers

    Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    September 4, 2013 - 8:20 pm

    Thanks Scott

    Yes one of my concerns was the fact that it is so low to the ground and may not be easy to slide across.

    The deal could still work by getting rid of the house and building two new builds, but I was hoping to get away with throwing $40 k at the cottage and re siting it, and just do the one new build.

    Will do more research on the coatings, and hopefully hear back from the town planner which should give more clarity.

    Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    January 11, 2012 - 3:08 am

    AHH

    Thanks Derek.

    I did wonder about the response……..my mistake , sorry.
    Someone has recommended sophi lever at lever law.

    I will report back soon.

    Thanks

    Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    January 10, 2012 - 10:48 pm

    Ironically enough when searching for an accountant I took Richards advice and contacted his man on the gold coast who was very helpfull.
    However I was asking if anyone new of any Solicitors.

    Anybody Got any tips?

    Thanks Guys

    Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    January 24, 2011 - 2:14 am

    Thanks Richard

    Email sent.
    Will talk to you soon.

    Regards

    John

    Profile photo of peopeo
    Participant
    @peo
    Join Date: 2011
    Post Count: 11
    January 23, 2011 - 10:20 am

    Reading this thread with interest as i am now pretty sure i should be setting up a discretionary trust.
    my problem is locating a property savy accountant in the Brisbane area.
    any ideas please anyone?

    thanks

    John

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