Forum Replies Created
melbear, thanks for that i’ll check em out
cheerscome on guys some ones gotta know ? im new to the game and would appreciate any help
cheersI also considered investing in Port Pirie, i would refer you to some excellent advice I recieved on this forum, basically that the future economic and social stability of Port Pirie was and could still be dependant upon a development of a proposed mining site in the area, do a search of this site for port pirie you will find the topic posted under simotheman.I hope the information helps you
thanks for the well constructed reply brett, it was precisely the kind of information i was looking for.
cheers again westan, i’ll do some research and see how it goes
thanks for that westan, just wondering if you have any idea on the price of these duplexes and what kind of vacancy rates are currant in whyalla?In your mentioning of the discovery of gold do u believe there could be good growth prospects for the area? If i was to purchase one of these properties could u tell me a good method of calculating investment returns? I know there are lots of variables but a basic outline would be very much appreciated.
Regardshey brett sounds like your kickin butt for a 23 year old. I have been looking in aadelaide for a similar property, ive had no luck in this course either, must be the only down side of the huge recent capital gains ?
hey westan thanks for the heads up, im knew to the hole concept of property investment, i recently gained employment with company housing and hence moved from potential first home buyer to seeking an investment property the idea of gearing appeals to me more than capital gain, any tips or strategies would be greatly asppreciated
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Hi Simothemanjust a friendly warning i think it is better not to give too many details on the forum. whilst i can testify those who i have meet wouldn’t pursue a deal someone else had looked at, we just don’t know who else reads our forum. i think it better to just give general figures.
On your figures assuming 20% down and financing the rest at 6% and costs of 3k the deal looks like this. Being a unit i have added $800 body corporate fees.
Cash return on deal is virtually break even perhaps 15 pw profit or 750per year giving a return of 4% on cash into the deal, this wouldn’t be a cash positive deal
regards westanquote:
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Im looking for opinions on my idea of buying an investment unit or townhouse in Cairns, Queensland. the property is 81k rents for 130 a week, close to beach and town centre, i know little about cairns other than its growing rapidly and its nice and sunny, by the way great site .
Sound like a goer to me.
Cairns is a great place and an area I believe will produce some positive results in the near future. Your selection is close to the ‘rules’ for pre-selection and worthy of investigation as I see it
