michael, do you think that therefore the outer ring suburbs will start to perform better once the ripple effect continues to move outwards?

thanks for the 2c worth. I retracted the offer before anything was signed. The search will continue…

Is that where you have yours breammaster? There's one for sale on realestate.com in that price range still. Might go and check it out. Cheers

would it be smart to stick to areas you know when you're just starting out though? I know the brisbane area and don't have time or money to travel around looking at other parts. And due to my lack of experience, wouldn't trust buying something simply by trusting someone else's judgement or doing my research on the internet. Later on maybe but i'd…[Read more]

L.A Aussie wrote:
The best place to buy an IP is where you can get:1. good rent returns2. good cap growth prospects in the mid-long term.3. good "add-value" factors4. good tax benefits and depreciation.5. good location.6. affordable for you.This is the basis for a succesful IP.

that's great advice, but it's hard to find no.s 1-5 which also…[Read more]

I have found that when looking at potential yields in these areas, the numbers just don't stack up if you look at current rental prices. Eg 350K property will only get about $300 pw. However I believe that many places are due for large rent increases. It has to catch up eventually right? How do you accurately assess what a place SHOULD realisticly…[Read more]

Breammaster wrote:
1)I have a unit in surfers paradise which achieves a rental yield of 8.5% based on a purchase price of the unit, but based on the loan amount its actually 9.5% yield. We bought this apartment this Feb 2007 so its just before the mini boom in gold coast prices. You can still get the same apartment for about 20-30 grand more and…[Read more]

Would you include Petrie in that list of areas with good growth potential? Saw a good 4 bdrm place the other day there for $340K. I have heard all those suburbs are good all the way to Caboolture but I'm not sure either as I am looking for an IP, but still vascilating between house out that way or inner city apartment. Rental returns just don't…[Read more]

thank you all again very much. Jon I will contact you on monday. I am also planning on going to an auction night this week to see what the apartments I have inspected will actually go for. It will help to make up my own mind about whether what I perceive to be a fair price is actually what other people are willing to pay as well. Obviously it's…[Read more]

thanks jon, could you let me know how you arrived at the figure of $14686?

once again thanks for the ongoing comments….About the corporate rentals… this is what Ive been looking at more recently. The returns are much higher than what you can get in long term, and certainly better than the figues quoted for inner ring suburbs like coorparoo.Basically on a $330K outlay the rental returns in a furnished corporate rental…[Read more]

thanks for your thoughts… I guess the idea with the fully furnished ones is that they go into a corporate rental pool. But you have a point. Do you think that that type of structure would limit your range of possible tenants? Seeing as the building value goes down over time, therefore capital growth is less than for land, would a smart move be…[Read more]