Has anyone out there done any research on property around Tasmania

I have seen some good properties in those areas under 100000 but don’t know to much about the area.

Any shared knowledge would be great.
Cheers Adam

Hi Jah,

To answer your question, I know these houses are good value, because the unimproved land value is close to the asking price of the home. The land value figures are accurate because I use the same database as Natural Resources and Mines, Australian Business Research and RP Data use. Comparable house sales in the area also gives me an indication. For example, the house I signed a contract for at Banyo is $198K, while the vast majority of houses in the area are in the high $200K’s or low $300K’s. That, combined with the high land value ($170K) tells me that I have a good deal, particularly when the difference between the contract price and the land value is only $28K. I am quite sure the house is worth more than that, having inspected it, and seen it is in fair condition.

As to bird dogging, yes you are basically correct. I understand from reading previous posts that you need a buyers agent licence to do bird dogging, which I am willing to get before I do this.

Daniel.

Hi Voigtstr

Here is the link to the post “What type of vehicle do you have”

https://www.propertyinvesting.com/forum/topic/18815.html

Regards

Regrow

You are a fool for 5 seconds if you ask a question, but a fool for life if you don’t.

We recently had 4 agents assess one of our more recent acquisitions for rental with a view to engaging an agent to manage it.

The home is a large 5br, study, rumpus, etc, etc that we were spending around 20k upgrading in outer Melb suburb. We were looking to rent for at least $250pw.

Of the 4 agents; 2 said most we’d get for rent would be $240pw, 1 said she’d have real problems renting it out and if successful we’d probably only get $220pw. The 3rd didn’t want to touch it as she wouldn’t be able to get tenants.

Not happy with responses we decided we’d take a punt and advertise in local papers ourselves @ $260pw. After showing 4 applicant families thru the home (3 wanting to rent it) we chose the successful tenant @ $260pw – no argument (and then had to turn away another 3 applicants).

We now manage it ourselves saving on management fees and collect rent $20-40pw higher than “quoted”.

Our suggestion would be – don’t necessarily take what agents say as gospel.

Ray

To begin and not succeed is not to fail
To never try is to fail