Forum Replies Created
Depends what you want to achieve
I wouldn't suggest claiming the FHOG and not fulfilling the requirements.
And in no way can you both claim the grant for the single property.
I agree with Joe, round up the necessary paperwork stating what is owed and rock up at the caravan park. Make it clear that you are not one to be taken advantage of.
Very similar to the Gladstone market, but more owner occupiers and less renters.
Currently working in Gladstone month on month off (LNG related) and watching the market and personally am not investing here, from what I can tell the construction workforce is at or near it's peak, and supply has increased vastly with heaps of new stock coming onto the market. I believe the sudden surge in demand for rentals is only temporary and has been satisfied.
Just my opinion being on the ground.
Is the establishment of a SMSF viable with a super balance of 50 or 60K?
So what's happening in Whyalla now that the project has been sidelined?
Are the speculators who bought holding on and hoping?
The minimum block size for possible subdivision in my area is 1012sqm.
Where is the property located?Most of these units have excessively high holding costs, body corporate fees have risen dramatically after the recent natural disasters as insurers up premiums. The holiday rentals are even riskier.
Look for the small complexes of 4 or 6 basic units with no pools or on site managers and minimal holding costs.
I think there is a lot of panic selling happening in cairns at the moment so be sure to bring your negotiation skills to the table.
Um this doesnt sound very sexy but IMO, read everything you can online and in books and try to develop relationships with people who have experience in property, or at least have an interest in property.
All the info is out there it's filtering through all the cra# that is the hard part.
This site has some great info and is certainly a good start.
The fact that you are here expressing an interest to learn already puts you way ahead of the pack.
If you wanna chat some time I'd be more than happy, just shoot me a message.
I too live in Townsville and have been watching the market very closely. There are some great oppurtunities around.
At 25 I've just settled on IP2 in Townsville, a basic 2 bed unit 20% Below market value (using comparable sales not listings), with a gross yield of 8% and minimal holding costs.
Prices have really crumbled in the area in the last couple of years and there doesn't seem to be much activity in the market, so by getting out there and talking to the agents and making yourself known as a serious buyer, you can find some real bargains.
The North Shore development also offers great opportunity for investors with good prices on house and land packages, good rental return and depreciation, and high demand and infrastructure spending up there. If I was to buy in Townsville again it would be a new build in North Shore, however I'm now ready to step outside of my back yard and am looking to purchase interstate.
Also I don't think your boyfriend is helping your situation at all, remember if you surround yourself with determined and successful people, you greatly increase your chances of success….and vice versa.
I too have been watching this very closely, has anyone seen the latest news? Apparently the word from BHP’s chief is of a minimum two year delay, however the $1.2b in pre mining projects will be completed. However there seems to be a lot of heresay and conjecture floating around and very few facts…
