Benny wrote:

Hi SiteManager, The way you are talking it up, I am wondering if you HAVE bought there already? :p
So there finally is to be a big mall development? Cool – that may help with values down the track. As of right now (and for the last 15 years) all I have seen is agents pushing the area trying to get things happening. For sure, one day it will happen.
For my money though, buying new in a new development is paying top $$ so a developer and his marketing team can keep themselves in champagne. Especially as any “growth” is the uplift in value that each new stage brings is added BY THE DEVELOPER.
But take a look at the values of second hand housing in/around Coomera – that area may well contain some value (they were building there from 15 years ago, so some might now be For Sale). I haven’t looked, by the way – but THERE is where I would start if wanting to buy in the area.
Benny

@benny,

I’m still looking around but according to the buyers agent professional advice service that I have engage (Todd Hunter wHere Property group), he suggest me to buy in UPPER COOMERA and ORMEAU for long term Capital Growth.

He showed me from the statistics on his website, he was able to predict one area in SEQ near Ipswich to be a good suburb before it went boom this year. Hence it is too late to buy there.

Catalyst wrote:

Upper Coomera has been plugged by many property groups for the last 4 years. That is BECAUSE they build there and push them to clients. I know Positive Real Estate was pushing them (probably still are) a few years back. When looking at these places you have to consider that the people selling them have a vested interest in you buying there.
How much are these places now? that rent for $400p/w?
Moreover, you should not buy property for tax deductions. Tax deductions are the icing on the cake. They are NOT the cake.

Now COOMERA started to improve after this new big Westfield Mall development http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish

Surely their research division can’t go wrong in selecting locations :-)

Richard Taylor wrote:

You mention you have it left so i am assuming you have done something else with the balance.
If you purchased a property and the loan was set up correctly i would look at placing the funds in the SMSF offset account.
$18,000 is too little to do anything with it at the moment unless you were thinking about making a non deductible contribution.
Cheers
Yours in Finance0-40 properties in a decade. Ask me how.

@qlds007 So what’s the typical minimum amount for investing in SMSF ?
Can this investment combined with NRAS as well ?

DeanCollins wrote:

@deancollins

DeanCollins wrote:

@Russian,
Why do you think interest rates are going to go up if the $A falls?

@deancollins, which means the interest rate must be lifted up to attract foreign investor buying Govt. Bond because cutting interest rate means the country is not performing very well.

@dammagic,

You can use this: http://www.smartpropertyinvestment.com.au/data/

Rule of 72 is what is used to work out how long it take for a IP to double in value, given the Capital Gain. Divide an areas historic CG into 72 = years to double. ie. 72/7%= 10 years. Another example 72/8%= 9 years.

@gaurmit,

Cool, so yes you can’t go wrong investing within 15KM of the Brisbane CBD, but obviously the price has moved up month by month.

As for me it’s different, the Sydney buyers agent (Todd Hunter) told me that this is the next place for the Capital Gain increase for the next 5-10 years. To cut the story short, I wasn’t interested with the area hence he suddenly cancel the contract :-|

Not sure why as Buyers agent he only suggest me UPPER COOMERA and ORMEAU region.

I only paid for $50 for the report that he produced.

Hi All,

So how does UPPER COOMERA prospect now ?

I’m interested to invest in this area after Todd Hunter (Buyers Agent) said to me that this is for a medium term growth 5-10 years.

Last time I was suggested to buy in COOMERA is by Julio De Laffitte (http://www.jdlstrategies.com.au/) in 2011 time frame as well, 4 bed 2 bath 2 garage house brand new for $ $429,000

I don’t think at that time it was a good buy hence I was not going ahead with the purchase.

But last month with the help of another buyers agent Todd Hunter (www.wheregroup.com.au) Their due dilligence confirmed that UPPER COOMERA or ORMEAU is the potential for growth in the next 5-10 years.

Let us know how it goes if you have bought in this area, then you can thank me later.

Hi @melbjo,

Usually in Sydney when the GFC strikes or during the Interest Rate increase, many people afraid to buy hence renting which in turns drive up the rental rate in some suburbs.

When it is like now low interest rate and easy money before APRA change on September, people tends to buy rather than rent hence the yield is dropping.

Therefore it may need to wait approximately 3-6 months before you can see it in effect on your portfolio.

• This reply was modified 9 years, 1 month ago by  SiteManager.