Hey all forumites.
Just wanted to say goodbye for the week. I am off property hunting. I may or may not pop in so remember to get that MAP up to date and back to Steve for consideration. I will report back if I can on what I have found, if not during the trip then after the trip.
Hope you all have a great week and it is great to see so many people chatting nowadays.toora,,,,,
Enjoy
AD [:0)]
(Andrew)“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
G’day Andrew,
Hope you have a succesful journey and come back with an armload of great deals. Su and I just spent a night 4hrs north of Perth in a place called Geraldton. It was a great experience and a real eye-opener.
Keep on chasing hard mate.
Cheers,
Justin xHi Justin…
I was looking at houses on the web in Geraldton… what was it about it that made it an eye-opener? I must admit I was surprised when speaking to some of the real estate agents there who told me that property owners are only leasing the land of the local government… it’s a little bit more complicated than that I know, but I’d love to hear what you got out of the trip.
R
See you soon AD
Take care
Dave [
]Hiya Richmond,
I guess what I got out of it the most was the differences between the city and the country, and just a general lesson in experience, since I’m still a novice.
There are VERY cheap properties ($40-$50K) on government leased land available, however after 2014 the lease is up. The only information I could get, having not yet contacted the council, was that if they decide they want the land back it is up to the owner to remove the property. At the moment though the rents for this land would provide positive cashflow.
Also there are cheap ($65-$75K) properties around that rent for $125 to $135 per week when in good condition. Almost positive but not quite unless you put in a big deposit. My feeling was that these would be great for WRAPS or lease-options, but thats not my thing as yet.
Prices have not jumped in Geraldton at all in the last 3 years according the agents I talked to, and apperently it takes 1 to 3 months to sell most properties.
There is a new mariner being built as we speak though I got the feeling that its not going to be finished anytime soon. This may attract more people to the town.
My opinion is that its a great sea-side town with plenty of potential, but its not being realised just yet. As Stuart the Guerilla Negotiator says, If its near the water, on the water, or can see the water, it will be worth something one day.
If I was into vendor financing I would advertise for clients up there first and then find the properties second, as there’s no rush on them up there yet.
Can’t believe I just wrote so much []
Hope it helps mate,Justin x
]The topic ‘ta ta for the week’ is closed to new replies.
