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Thank you guys for your help.
Thanks bill,
Please send me an email…my email [email protected] – i have already sent an email to you.Cheers
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G’day viralk…Sure, can help you with COWRA….
A lot of detail…12 months sales and prices about
9 months old…if interested I’ll attach to an email for you and anyone else that may be interested.Bill
Hi Ozpatin,
my email id is [email protected] – if you can send info sheet of those units would be really good. What would be the capital growth for this units?
What are the chance of capital growth in Katherine? Is defence will lease your property for years? Is is easy to find tenants like defence people there in Katherine?
Pls comment.
Shaun and others! You guys are very helpful and thanks for the info. Currently I am looking at Katharine – do you have any idea about that town?
Or anyother town where i can buy house (not a unit though). All comments are welcome…thanks.quote:
Quote:i have just bought a IP in darwin, and boy what a learning curve! first of all be aware that the agents charge around 10 – 12% to manage your property. The vacancy rate is around 4 weeks a year so its important to buy something that will suit a family not the tourists. Other than that i found i could still haggle over the price and as a general rule asked for 10% less than the asking price and settled on 5% below asking price.
The agent also told me that the rent hadnt been increased in 2 years and was to go up from 265 p/w to 285. This did not happen due to the wet season starting and i think he got a bit creative with his numbers!
it’s still a good investment with a 6.5 yeild on the place, though keeping tennants happy so they will stay is my most major concern.
any other questions just email me and i will gladly oblige.Hi! Yes I have got a friend who just bought a property in NT (nearby Darwin). But I am not sure because population is very small and not new migrants are going there!!! but is there any area to look at in NT (nearby Darwin)
Hi! I have just dropped a email to couple of people who had given their email id. – Now, I am thinking to organize investors meeting in Parramatta – if some of you guys can join me and help me out as I have never done this before. The reason why parramatta is – it is a good spot..there is a RSL club (good club) and lots of parking..i guess…so let me know my email id is
[email protected]Cheers
Hi Guys! good to know these. Can you please tell me if there is any GST issues involved with buying a property in NZ as I am in Sydney. I think not but someone told me yes there is an issue….pls. comment.
regards
viralThanks guys and especially westan for your inputs. I have to be very careful now – i guess. I have not relied on one agent but asked about two to three agents and they all have said neighbours is the problem but they will be able to rent it out….but can’t rely on them…
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hi Viralki want to stress my warning to you some areas of hobart are real bad.
let me tell you how bad
Rokeby they had to rent houses to the police for $1 a week to encourage them to live there in the hope it would help the area
Clarendonvale the police station was burnt down and never reopened.
some insuance companies wont even give you an insuance policy.
i would check it out real carefully, i didn’t have one good tenant in 4 years. The adventures included bombed/burnt out cars in the drive way, tenants who didn’t pay rent, tenant who did $5,000 damage to the property. Do you want this sort of fun?
i wouldn’t warn against any other area i own properties. areas i own in include Elizabeth SA, Smithfield plains SA, Morwell Vic. There is not one area in Victoria i would say compares to some areas of Hobart.
westanThanks Kavita! I been there and I had a look the property – there is nothing you can find for 70000 in Hobart now. and it must have already gone up now as well. i am confused but let’s see how I go!!
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go to Tassi and while you are there look for other properties….you might find a better one![8D]Thank you very much for your responses guy. I don’t live nearby so I will not be able to talk to neighbours but agents can. Let’s see what we can do – i am renegotiating the price 4000 less. but still let’s see how it goes.
From my perspective the risk would be $1000 – as it i could rent it for 6 months or $20 less than market rent then also I loose $500 to 1000 a year but as we all know that hobart is booming and to get a house for 70000 is a good buy…THIS IS WHAT I THINK –pls.pls. let me know what you guys think about my view.
regards,
viralquote:
Hi Viralkthe last thing you want is a property that will cause you problems.
The idea is the aquire properties that will make cash not buy empty (unletable properties).I have owned a house in a similiar area of Tas (clarendon Vale), some areas of Tas are real bad. This property caused me more issues than all the rest combined (i owned 10 at that time). I know a good property manager in Tas she may be able to give you good advice.
Personally i’d walk away
westanThank you very much for your responses guy. I don’t live nearby so I will not be able to talk to neighbours but agents can. Let’s see what we can do – i am renegotiating the price 4000 less. but still let’s see how it goes.
From my perspective the risk would be $1000 – as it i could rent it for 6 months or $20 less than market rent then also I loose $500 to 1000 a year but as we all know that hobart is booming and to get a house for 70000 is a good buy…THIS IS WHAT I THINK –pls.pls. let me know what you guys think about my view.
regards,
viralI have got my own office – in Parramatta Sydney! doing tax returns and helping people to sort their tax matters –
I would be interested to know the who is your broker?
I do agree to that. I bought house in Hobart in March and it has gone up by 25%. I am thinking to buy another within weeks but I think i have to go there to buy. Can any one give me more info. about market in Tazi now..pls.
Cheers
viralquote:
Hey WillrogersAll Tassie residential RE prices (not just Hobart are booming) – that’s definite. 3 properties I purchased exactly 1 year ago have recently been appraised higher by between 30% – 50%, and a property I bought 2 years ago is worth almost double.
There is huge demand by mainland investors – and ads in the RE guide you may have seen now often say “attention mainland investors!!” – but agents are scratching for listings. Literally whatever they have is going within a couple of weeks at most.
Some, not all, people are buying unseen over the internet – and I have seen an open home recieve 7 offers on the same day.
This makes it hard for me (I am based in Sydney) so has effectively put my investing on hold as I know whatever I find from here and fly down to look at will be sold at top dollar. I think you would need to live there in order to find the nuggets!
I am not active in the commercial market, but I believe that it is just starting to move now. There are a number of commercial opportunities in the state, but for various reasons they are not being pursued as actively by investors. Keep in mind that the Tassie economy is a lot slower than most other places. The only big news recently is the new tourist car ferry from Sydney to Hobart just announced (starts this summer).
I wonder what Adelaide commercial property has done over the last few years, as this seems similar to the ‘re-rating’ of Adelaide prices over this period. Perhaps Hobart will follow a similar trend?
Hi Paul, I was reading your comment on Wrap Pack from Steve. Did you bought that pack finally? Please help me to decide whether I should go for it?
Thanks,
Viral My personal email – [email protected]
