+ve geared properties in Tassie

Viewing 6 posts - 1 through 6 (of 6 total)

pritts88
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@pritts88
Join Date: 2003
Post Count: 1
November 5, 2003 - 7:39 am
I recently had a block of land I own re-valued and was happy to see that it had risen by 20K. Hoping to re-invest this capital I started looking for +ve geared properties in Northern Tassie (where I live) and haven’t managed to find any. Has anyone got experiance of investing in the North or North West of Tassie and if so where would be a good place to start looking for +ve geared property oppurtunities?
julieb
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@julieb
Join Date: 2003
Post Count: 2
November 17, 2003 - 6:04 am
Try Launceston. I’ve owned +ve geared properties there for several years
Still in School
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@still-in-school
Join Date: 2003
Post Count: 1,844
November 17, 2003 - 10:44 am
Hi pritts88, this is not a bias opinion but im just share some info of some areas to stay away from, though maybe in the late late future these places will have appreciated in growth but i doubt.
Places i suggest you stay away from.
Weena
Roseberry
Queenstown
these places are +ve cashflow but there almost abanden mining towns, with little population or a dying town and are industry reliant
Hope this help, though it justs so you dont get tricked or caught out in buyin a bad investment.
Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
November 17, 2003 - 10:44 am
Hi pritts88, this is not a bias opinion but im just share some info of some areas to stay away from, though maybe in the late late future these places will have appreciated in growth but i doubt.
Places i suggest you stay away from.
Weena
Roseberry
Queenstown
these places are +ve cashflow but there almost abanden mining towns, with little population or a dying town and are industry reliant
Hope this help, though it justs so you dont get tricked or caught out in buyin a bad investment.
cheers
S.I.S
ANUBIS
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@anubis
Join Date: 2003
Post Count: 559
November 17, 2003 - 11:24 pm
Hi Pritts,
I have several in Lton but things have really heated up in the last year. I am starting to see some easing in prices asked however. My opinion is that things will really settle down in the north and probably stagnate for a few years like it did during the 90’s.
Don’t rush in – there’s a bargain around the corner. And avoid the bad suburbs like Ravenswood, Waverley, Rocherlea.
Rubbachook
Member
@rubbachook
Join Date: 2003
Post Count: 288
November 18, 2003 - 12:45 am
I agree – there’s much, much less around now than there was two years ago.
I have a place in LST which has done well in the last 12 months (along with most other things), but the numbers certainly would not stack up if I was buying today.
This, combined with the usual risks of Tassie have lead me to look elsewhere.