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Viewing 7 posts - 21 through 27 (of 27 total)
  • Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Thanks Richard and Terrw.

    My plan was to have my full salary paid straight into the loan and cover all my expenses with a credit card. Then at the end of each month I would re-draw the amount required to pay of the credit card.

    I will keep in mind what you said if I do need to re-draw.

    Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Hi NATHAN17,

    I have also been researching this area and am in the process of getting a house built there. I visited a few of the real estate agents in Jimboomba and Beaudesert and there does seem to be a lack of rental properties available. Most of the real-estate agents expect the rental to be around the 280-300 week for a brand new house on at least an half acre block.

    Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Thanks for the advice Krupta. You are right the developer will be selling other stages in the same area.

    The total investment however will be under $280k and not 350k as you mentioned.

    Regards,

    SK2

    Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Hi Puggsy,

    It is in a new estate with fully serviced half acerages. It does have town water, phone lines and electricity underground. However the town water uses a trickle feed system meaning an underground holding tank does need to be within the property.

    Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Thanks Derek,

    Thats a good point and one that I had also not thought of.

    Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Thanks prcbryce1 I did not know of the property value site but it is quite handy. I am probably less keen on Crestmead now and might start to look more at Runcorn.

    Although according to the suburb snapshot at domain.com there has been a -3 change in Runcorn and a +5 change for Crestmead in the last 12 months.

    Still not sure where to buy but but I guess I’ll keep researching!

    Profile photo of SK2SK2
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    @sk2
    Join Date: 2003
    Post Count: 36

    Hi Noysee thats true it is almost 30km away from Brisbane city. Although I think it does have a bus service going directly to the city.

    aaronwhittaker2003 – From what the local real estate agents whom Iv called told me, the average rent is around the $250 week.

Viewing 7 posts - 21 through 27 (of 27 total)