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  • Profile photo of rcenrigrcenrig
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    @rcenrig
    Join Date: 2004
    Post Count: 3
    February 2, 2004 - 5:41 am

    HousesOnly
    okay, now I understand. I guess the challenge is working out what the market value is.

    The other thing to keep in mind when considering where people will want to live in the future is that we live in ageing society so I think we’ll see more and more people moving to the smaller regional areas, whether they are coastal or otherwise, that offer a comparable level of services to those in larger cities. Just my opinion…..

    Profile photo of rcenrigrcenrig
    Member
    @rcenrig
    Join Date: 2004
    Post Count: 3
    February 2, 2004 - 4:56 am

    housesonly
    thanks for your reply. Did you mean the property would have to be 25% less than a similar property in a larger town/ capital city? We think we can get a subdividable property near the water (if not with views) for about 200-250K. There’s no way we’d get a place in Brisbane for that kind of money unless we went right out into the outer suburbs. Rent would be about $180 a week. I also should have mentioned that at the moment the number of prospective tennants totally outstrips the number of available rentals so occupancy rates are excellent even if the rent isn’t. We know that we would be looking at subsidising the investment at about $5-6000 a year so we need the capital growth to make up for this. We are also considering maybe moving into the property further down the track. Sorry to take up so much discussion about a negatively geared investment :)

    Profile photo of rcenrigrcenrig
    Member
    @rcenrig
    Join Date: 2004
    Post Count: 3
    February 2, 2004 - 4:20 am

    I’ve been lurking here for a while now and I was very pleased that someone raised this topic. My partner and I are currently looking to buy an investment property (negatively geared I’m afraid but we have our reasons) in a particular small coastal town. We’ve been really worrying about whether this is a good idea but after reading these posts I think I feel more confident about it. The town is 50km was a fairly large regional center and there is an aged care facility in the town itself. We’re confident we can get a house with water views and/or a short stroll to the water for a very good price (well, compared to Brisbane!). The town is starting to grow quite significantly and I know a lot of retirees continue to make the move there. We’re banking on very good capital growth over the next ten years as the rent isn’t that great given the number of single parent/retiree/non-professional people living there. Are we nuts??? My gut instincts tell me no but who knows…

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