The Affordable Portables look horrible. The reason I thought it would be a good idea is that shipping containers are so bloody cheap. Second hand you can find a 40' (30 square meters) container for $2k. Will have to do a few numbers and wait to here back from my mate whos a chippie, but I think there might be a market there considering the la…[Read more]

It seems that there are already a few. Companies that do this. I am going to look into zoning and engineers reports for any modifications. AFAIK you don’t need footings and as they are structurally sound @ sea, they are find on land.

And cheap too

IMO you can't go wrong with the bowen basin and surrounding areas. All this doom and gloom of property bubble bust cannot apply to these mining areas, can it?. Some guy said it before… "lots of people with massive salarys trying to rent/buy properties that don't even exist yet".Dispite key demand/supply data that is available now, you st…[Read more]

How have the floods affected the town?Apparently cotton farms like lots of water so perhaps not too bad…

Moree still has high yeilds and can see this discussion is almost a year old and perhaps a good time for a recap?Anything developing? Myrp data has 9.45% Qtr and 9.02% Yr growth… Seems like a good area for a first IP?

fWord wrote:
For me, the period of acquisition is over for now.

This is what has me worried. With all the bears in the market at the moment I am not sure what to start investing in?I have finally finished uni and got a decent salary but not sure if I should go back and get  an Economics degree just to decipher all the information in the cu…[Read more]

Interest paid on a loan for an investment property can be claimed as an expense which results in a tax deduction on your personal income if you are making a loss on the property (cash flow negative).There are positives for both types of property but the thing with negativly geared property is that it must appreciate in capital value to make the…[Read more]

Daedalus wrote:
mining towns in the Bowen Basin in QLD.

I was excited when I read this then realised the thread was made almost 4 years ago…. has the ship already sailed?I saw Dysart at the top of a national list for rental yield back in Jan when I got serious about investing.But I can't afford $600k as a first IP and not really set on r…[Read more]

Derek wrote:
RP Dats's latest Blog on mining activity

A must read!Fantastic article mate cheers for sharing. With that ammount of money being pumped in I'm not sure doom and gloom talk of the property bubble burst applies in these areas.

worldinvestor wrote:
It has now been leased and achieved $100 per month over the estimated rental return. This naturally changes my figures  -Gross reutrn 25.93%  net return of over 17%

Wow great work. Hope the rent keeps coming in. I'm curious of your figures… by my calulations you are recieving $250 a week gross return.$100 over the e…[Read more]

Old but relevent: http://australianpropertyforum.com/topic/8965098/1/Also couldn't find the thread subscription button

Would love some info as well.Thinking about making a trip up to the bowen basin soon as it seems the place to invest.Can see most areas have seen substantial growth (+20% p.a) in the last ten years at one point or another. Mackay early 2000's, Chinchilla a few years after, Dysart around 2008 then Morranbah last year.I guess it's picking the right…[Read more]

Mining towns… $$$But be carefull, one person says something, does another…

TRADEEBA wrote:
Unlike Gladstone, Chinchilla market is still warming up and the ship hasnt sailed yet. 

Wrong!Aparently Chinchilla's ship has already sailed… 8 rears ago!http://www.hotspotting.com.au/index.php?act=viewArticle&productId=27Also I've heard great thin…[Read more]

Qlds007 wrote:
Assuming of course security is in an acceptable post code region

I recently inquired about a loan and the max LVR I could obtain, the lender didn't give me anything.If the suburb has a population of +10,000 is it safe to say it would be max LVR?Also what's the rules for IP's?  …. lower LVR right?

quickchick wrote:
The trick is, how secure is your rent?

Yeah this keeps coming back when doing my research and is probably one of the most important things to consider.I have been reading one of Margaret Lomas' books and she says:"Capital gain must take a back seat to cash flow", when buying for CF+.The abundance of units for…[Read more]

Want to know where CF+ properties exist?CAIRNS! I have been doing some research and cairns has properties (1-2 bedroom units) that are CF+ straight out the blocks.But there are many properties on the market, often cheaper than 2+ years ago and what's not to keep them from falling further…I am lucky enough to have APM data nation wide and there…[Read more]

Kiwi Property Guy wrote:
 I tend to disagree sorry Von.

Yeah leverage is a powerful weapon. Interest rate rises are always a risk.I guess then LVR and liqidity are more important if things go to shiet.

quickchick wrote:
The rental price in the same market depends on the rental vacancy rate, and how many investors are buying in that area.eg an area with lots of rental units,

Yes this is I guess the big one. Thanks for your words of wisdom.And thanks graeme and clint, you've helped me quite a bit.Thing is with interest rates going the way they…[Read more]

Thanks for your words clint, I believe you have summed up the crux of CF properties vs neg. geared very well.

Kiwi Property Guy wrote:
considering the growth potential of an investment is of course important.

How important is this? If I'm not mistaken housing prices could drop say 10% for instance while rental returns remain the same or even…[Read more]

Wow. Everyone so negative? The days of owner builder are gone… what a load of crap.

caet wrote:
I am also insanely organised.

My mum's an extremely meticulous accountant without a full time job. She could be an owner builder.I am an unorganised university drop out with a few years in the industry. Although I think I could be, I probably…[Read more]