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I would also like to attend for say: quarterly meet’s if a group is formed.
My contact details are on our website http://www.plproperty.com.au
Email: [email protected]
Feel free to contact me – I have a busy schedule right now but I will be available to devote limited resources to helping the group meet get started.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
Wallace,
I own a real estate agency on the Gold Coast.
I haven’t seen any residential for under 100k, but I’ve seen storage sheds in industrial growth area’s for about 45k.
At the time of this post, you can still buy New apartments in good growth suburbs for a little over 200k. They are becoming more scarce though.
For reliable resources to help investors make informed decisions.
See: http://www.plproperty.com.au/queensland_property_links.html
Good luck with your investing
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
I suggest posting it all and letting the forum community ‘nut it out’
As an investor, I wouldn’t want to miss valuable information just because it is published by a commercial enterprise.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
Rajesh,
When you buy an strata titled apartment – you’re usually still buying a portion of the land on which the apartment is built. This may not have been clear to you from some other comments.
Apartments in locations primed for tourism have the option of permanent tenancies or holiday letting. The advantage of this being that holiday periods can very often command strong rental tariffs.
Sometimes investors prefer to let their property for say 6-9 months of the year and holiday let the property for the remainer to maximise their returns.
Also for resources to help decisions when investing in SE queensland
See: http://www.plproperty.com.au/queensland_property_links.html
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
Luci,
I appreciate you raising potential concerns when buying property off the plan. That’s great for all readers of the forum including me.
As an investor and property professional I rely on published statistics, quality research from Public & Private sectors – not generalised commentary.
Including such information would represent a fair and balanced discussion.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
There are some good arguments for developing on the Gold Coast being:
– There is a shortage of low cost rental accommodation
– Stamp duty for purchasers in Queensland is among the lowest in Australia
– Land tax levies are extremely favourable – check out the Qld state budget
– Population level is now 500,000+ according to ABS and climbingI live on the Gold Coast – having originally been located in Melbourne, Victoria.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
I agree with Terry & TMA.
Some other ways you may benefit:
– Learning more about the property industry
– Staying on top of directions in a particular property market in your ‘day job’
– Building relationships with developers & builders-Many agents work 6 or 7 days per week and have to be extremely focussed, resourceful, organised, ethical&honest, be able to create win-win outcomes, be able to work on a commission only basis, have the capacity to support themselves financially in slower market times & more..
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
You should look at:
– Draft South East Queensland Regional Plan
– South East Queensland Infrastructure Plan and Program 2005-2026
Get both from http://www.oum.qld.gov.au
More resources on our website here: http://www.plproperty.com.au/queensland_property_links.html
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
Someone else is interested also – Look here: https://www.propertyinvesting.com/forum/topic/17778/
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
rpdata.net.au services include title searching in various states
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
I used to surf in the area quite a lot some years ago when I lived about an hour away. Are you looking for investment purposes or to live in?
It’s a fairly affluent area which you could confirm with ABS data. So real estate certainly isn’t cheap. I saw a feature on TV recently claiming that Portsea (next suburb to Sorrento) is the home of Australia’s most expensive real estate.
A relative on my fiance’s side is selling their holiday home in Blairgowrie – I think it’s mid 500k’s AUD – The residence is about 5 years young and 3 bedroom I think… Call me on 61 7 5535 5226 or email [email protected] for more information.
General information on the area:
– Sorrento was the site of the first settlers in Port Phillip Bay
– Employment opportunities are not plentiful – lots of cottage industry, some light industry, heavy industry on Westernport Bay at BHP (30 mins drive)
– It is about 2 hours drive from Melbourne CBD
– Historically it is a holiday/tourism region so holiday letting may fetch strong yields during summer months which are very popular (ie traffic stands still during January).
– There are many world class wineries about 25 mins drive away
– Serviced by a major highway
– Plenty of Golf Courses nearby
– Good surfing beaches – Former Australian Prime Minister Harold Holt drowned at one of them during the 60’shttp://www.virtualsorrento.com.au has some good info on the region
http://www.mornpen.vic.gov.au – Local Governent
http://www.mornpen.vic.gov.au/content/content.asp?cid=633&tid=633&tpid=591&sid=&spid=&cnid=1521 – gov.t rates payable on property calculator
http://www.visitmorningtonpeninsula.org – Tourism information centreLuke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
Travel info: I was in New York city for a couple of weeks during August 2001 and had a ball. It’s obviously a different climate now but here’s what I learnt.
Couple of tips – dont plan on getting money changed over a weekend – there was one place that stayed open in Manhattan on Saturday mornings only and their exchange rates were sky high.
On Saturday New York City is a sleeping giant due to the Jewish holy day. Do your shopping during weekdays.
The street corners are littered with overflowing garbage bins – every day is trash day.
Car’s don’t stop at pedestrian crossings – be careful!
SOHO and The Village are cruisy area’s – I found it fun to check out sidewalk artists in SOHO and there were quite a few interesting avant garde art galleries
But the best part of my trip was eating giant soft pretzels and cherry cokes from the street vendors. The chunks of salt on those things are nearly 1/2cm2
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
We’ve just been to Vietnam (North 2 South on the coast), Cambodia (Siam Reap) and Thailand (Koh Samui)
Vietnam is great value – a main meal can cost you about 30c AUD I found the people generally friendly and inquisitive. You can stay in private guesthouses (like hotel rooms) from about $9USD per night in the main cities. My tip for Vietnam – take plenty of 1 USD bills – the preferred currency.Sharpen your bargaining skills and learning the language is essential and can be difficult.
Cambodia was good – we just went to Siam Reap to explore the ancient temples of Angkor which were amazing. I didn’t find the area particularly cheap but wasn’t too bad. (i.e. Cans of Coke cost me 70c USD)
Thailand is good also – I think, a lot more westernised than either Cambodia or Vietnam.
You obviously need to exercise caution when travelling anywhere overseas but particularly in third world countries.
Check out the Department of Foreign Affairs & Trade Smart Traveller website http://www.smarttraveller.gov.au
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
dazzling – there’s no need to be rude and I am not ‘flogging’ anything. lighten up.
redwing – you could try reading a David Ogilvy book
See: http://www.amazon.com/exec/obidos/tg/detail/-/039472903X/104-3247275-2174330?v=glance
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
Yes it sounds like a fairly weak yield – that said, I know nothing about the property market you are looking at….
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
If you are buying in South East Queensland we have compiled a list of resources available here:
http://www.plproperty.com.au/queensland_property_links.html
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
And to help you with your research – particularly with the holiday letting market – visit the Gold Coast City Council website http://www.gccc.com.au for an analysis of the Accommodation market detailing average room rates, occupancy etc.
Robert – the Gold Coast does not have high vacancy rates for most of the year – read the GCCC accommodation analysis.
The average room occupancy rate for 2004 was 69.5% which is a record high.http://www.goldcoast.qld.gov.au/t_std2.asp?PID=1461
Also a lot of the newer developments on the Gold Coast – paricularly in the seaside suburbs, are built to suit permanent residents (some will not allow holiday letting). This gives investors the option of permanent tenancies which wasn’t always an option in some of the older buildings.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
carlin – In Queensland agents only have to present an offer in accordance with their written appointment to act for the client (seller). This means that if the seller has stipulated in the app.t to act, that they don’t want to be presented with offers below what they are willing to accept – the agent does not have to present the vendor with the offer. How can you be sure? You can’t really but you can be sure that the agent is lawfully required to act in the sellers best interests.
Mr Yardney real estate agents are required by law to act in the sellers best interest. I’ve always found agents ready to deal with investors. In fact my real estate agency deals with investors every day.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
mitm, I’m a fan of well researched advice.
We operate a real estate agency in Burleigh Heads, Queensland (central Gold Coast).
The Gold Coast is Australia’s largest tourist market.
You can obtain a Gold Coast Tourism Market Analysis (12 mths to dec 2004) from the Gold Coast City Council Website http://www.gccc.com.au
The report details average occupancy rates, average room rates per night – graphed month-by-month with comparisons 12 months to dec 2003. Certainly the type of information accountants like to see when helping investors make informed decisions.
See: http://www.goldcoast.qld.gov.au/t_std2.asp?PID=1461
Hope that helps you.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
My 2 cents as well – Hire a licensed real estate agent.
Pick a good one – they’ll earn their commission and you could end up in a far better position than if you privately sell.
Some of the problems with a private sale you may be likely to encounter are: lack of exposure, unable to tap in to investors agents already know, you may not be a skilled negotiator, running the risk of ‘bargain’ hunters making unrealistic offers blah blah blah the list goes on… It’s not worth the endless hassle.
If you hire a real estate agent you will pay them a commission (which is negotiable) but they will be bound by law to achieve for you the highest price possible in the given market. They should also be fully informed as to the local market conditions.
That said I’m sure others will chip in negative comments on agents. Some probably substantiated.
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.au
