Forum Replies Created
How much is the seminar? After 3 minutes research I found http://www.underachieverformula.com/ where they sell their plan for only $1477 !
Mmmmmmmm I’m suspicious, does anyone actually know someone who has made money not just internet testimonials?
Basically how does the system work?
Hi,
some strong words there Yack, “I dont expect that to continue. We will get back to fundamentals in a few years. Tassie will show little if any growth” Tasmania for years has been underpriced this to some extent has rectified itself over the last few years however there are still some very good deals compared with the rest of Australia. I talk mainly of waterside property be it the ocean or one of their great lakes. Tasmania has a unique lifestyle and an ever increasing tourist population. If you were considering investing there then conduct your due diligence and no doubt you will see for yourself. Property is as you know not only about +cashflow but capital growth and other factors. As always location is one of those factors and for location Tasmania is unique.Finally no I dont live there but I have to be sceptical of those who refuse to buy in Tasmania but consider buying in rural areas in other parts of Australia that can be best described as one horse towns with very little chance of capital growth.
Each to their own, listen to others, but in the end the choice is yours.
Cheers
Peter,
welcome aboard. Has any been to one of Peter’s seminars? Peter do you only do Melbourne and Brisbane or other states as well.Cheers
Thanks Jo,
that is pretty much what I thought, however I had not considered the compensation for lost rental income (thanks). Have asked a solicitor for legal advice as the RE who sold us the property thinks I should have to pay for the works [argue]. Will let you know what happens.Cheers [confused2]
Marisa,
Hi, I would agree with the others re, heating cooling, definently fans in the bedrooms. Apart from that I think these are the essentials, attractive things like broadband can also be added to attract tenants. One thing I have found very important is an outside entertainment area. This does not have to be expensive (small paved area, brick bbq, umbrella and chairs) but will really add to the attractiveness of the property. Also if you are prepared to spend a bit more (and probably not so much for the cheaper rural properties) a decent paved area with shade such as an attractive sail will add bucks to the value when you come to resell the property.Cheers
Monopoly, not so sure about that yours looks exactly like you from propertyguru pics!
And so you are kay henry. I am also one step closer to being an established forum contributor. How many posts do you need again?
No really I think it would be nice to see everyones handsome smiling faces[biggrin]
Actually kay henry I am blonde, but hey you can’t have everything
Cheers
Hi all,
I know that some members of the forum meet for seminars get togethers and other events but Steve what is the feasibility of replacing an Avatar with the individuals actual uploaded digi photo? Wonder what a difference it would make if any to the forum? Funny how the way we picture someone is usually never the way they appear when we eventually meet them.Cheers
Hi Kcc,
first welcome. Don’t be put off by the lack or quality of some of the replies you receive. Although your question has been answered before I will have a go.Tasmania unfortunately is no longer undiscovered, recent buying in the last 2-3 years from mainly intersate investors have pushed prices to unsubstainable highs. I say unsubstainable as with the current price plateau vendors in Tasmania are in cases having to make fairly hefty reductions in prices to achieve sales. (I just negotiated 80K of a 300K property).
But back to your question, Tasmania has an excellent future, tourism has increased year by year at a steady rate and last year peaked at I believe between 700 000 and 800 000 visitors. The state has magnificent scenery, great food & wine, great people & great tourist attractions. Queenstown if you are after +cf why not? If you are after high capital growth then look coastal as there are still some excellent bargains to be found, basically they don’t make land on the coast anymore.
If you are happy with your purchase then stick with it, Queenstown will achieve some growth in the years to come but probably not a lot I’m tipping that’s not what you bought it for anyway.
Cheers
Hi all,
thanks for your replys. Just to update solicitor said as some of you did as well. Will simply draft a letter to Vendor and agent saying that the sale of the property is now subject to the building meeting all required regulations. I do still want the property so will see how much work is required to bring it up to the required standard if any.Cheers
Geo,
Hi, nothing secret about it. Celebrating at the moment for those who have not heard, On Monday the court finally issued an arrest warrant for the former Indonesian Chief of The Defence Force, and now Presidential candidate WIRANTO…Yay.. Sorry a bit excited have been working on that for four years.Cheers
Hi all interesting topic.
Me Crimes Against Humanity/War Crimes Investigator with the UN
[biggrin]
CD,
thanks I have telephone appointment with solicitor this afternoon so will ask those questions.Cheers
Civicboy,
Hi and welcome. You will find you will get more responses to your query by asking more specific questions. There is no shortage of experts and people with great advice willing to help but your post was a little broad. Also this site has a great search ability and if you search for Queensland you will find heaps. Queensland is probably at the moment one of the best states in Australia to invest in depending on what you are looking for, particulary the South Coast, Cairns, Rockhampton, Gladstone, Townsville and the list goes on. Basically spend some time reading some of the posts on the site it will take you days just to get through Queensland specific info. Anyway welcome and good luck.[biggrin]
Hi,
Defence Houses are usually a good investment for buy and hold long term however don’t suit everyone for the following reasons. They have a guaranteed long lease, after which they will repaint, carpet etc. They will also take care of maintenance. Whilst this is great they charge very high management fees and the houses are always overpriced to take these benefits into account.On the plus you have a long lease, maintenance and the houses are usually well located. As I suggest good long term buy and hold if that’s what you are after.
In answer to the original question I think Tassie is an excellent investment, however long term and
don’t rely on + cashflow properties. Logging and mining maybe 20 years ago but for sure the future is tourism. Freycinet, Cradle mountain, Port Arthur, wilderness, rivers, forests, I could go on and on. 250 000 + tourists last year. The food, wine and countryside are splendid.Property wise they have just had a two-three year wake up period where prices went sky high. A correction or easing off is occuring now. I today signed a contract on a house and 110 acres beautiful views etc for 300K the owner had knocked back 342k in November last year. If you are prepared to buy and hold or buy and develop I don’t think you can go wrong long term (IMHO). Location as always a key factor but compared to the mainland you can get some great coastal property. That’s something that they don’t make any more!
Tassie go for it let time prove me wrong[biggrin]
Mining towns can be both good and bad at the moment most are offering cash flow positive properties that meet the 11 second rule. Kalgoorlie, Boulder, Collie, Mt Isa, and the list goes on. My only advise is to do your research well. What is the life expectancy of the mines based on the remaining mineral resources in the town. Take into account not only the situation now and in the future but also study the past. Look at Kalgoorlie a few years ago when the gold price was low, houses were cheap and there were many unrented properties. In some of the smaller towns around you are paying for nothing more than a fibro shack.
All the negatives aside some are quite nice houses in larger towns which are leased to the mining companies and offer good returns. The bottom line don’t just buy because they meet the 11 second rule as for any investment do you due dilligence.
Cheers
When i first joined the forum I looked at the amount of posts some people have and translated this into how much knowledge that particular person may have about the subject matter (property investing). Look at the posts above mine. How wrong I was.
