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Hi guys, I've been subscribed to this thread for years…
Anyway I'm looking to buy a unit in Moranbah – 22 mines within 56 kms of this town. $369k for the unit – two real estate agents have done appraisals at $1000 per week (I'm realistically expecting $750-950 per week rent).
They are mainly coal mines that way, but they have also discovered gas recently. Apparently about 70 years of work to go on out there…
I thought others might like to know so they can investigate…
Also I would love anyone's thoughts on this unit (or the area in general)?
Zac
P.s. these are the units – http://www.realestate.com.au/property-unitblock-qld-moranbah-108832186 – however if you are going to make an enquiry, I could recommend dealing with Jason Savage – he's been helping me. His number is 0401 546 762.
Hi Manoj (jack1234)…
My question with your theory is … How can you use the rental income to pay off your personal home loan – don't you have to declare that as income, and pay tax on that?
Interested in reading more about your theory!
Zac
cturner22 wrote:Hi All
Launches in March 2011.Hm sucks if you joined up 5 months ago when it was meant to be launching imminently…
Well in that case what happened to everyone who signed up at those meetings months ago??
So I've spent the last 3 or 4 days working through this thread. Very enlightening!
Some recent replies sparked my interest…
Basbog – what do you know about Morranbah? Have you invested there? Would love to know more.
Nathan_b – I would also love to know where you spent the 22k + 25k reno… if you don't mind sharing some info?
Hewlett25 – I would love to get some more info regarding the Tasmania investments you have done.Please either reply on here; or feel free to email me at zac (at) janes.com.au
I look forward to hearing from each of you!! TIA (which equals Thanks In Advance)
Zac
Hi Richard,
It would be the latter. Looking to get some positive cashflow happening.
How much is your wrap pack?
Thanks,
ZacJ
