I have found some very interesting deals indeed… Just a matter of putting theory into practice. Anyone familiar with NSW? I’m keen to invest but am struggling for finance. Once started, then set. Anyone looking for a venture?
I have found some very interesting deals indeed… Just a matter of putting theory into practice. Anyone familiar with NSW? I’m keen to invest but am struggling for finance. Once started, then set. Anyone looking for a venture?
sang-froid
bear1964 looking for joint venture, may be you can contact him.
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
Are the properties that you’ve found been on the net, or via RE agents, or from some other method?
I assume that most of the properties are still in rural areas of Australia?
i have found some positive cashflow properties in nsw and queensland, both generate approx $50 a week, but need high deposit, generally firm capital gains areas, reply for more info, cheap spotters fee will apply-
i have found some positive cashflow properties in nsw and queensland, both generate approx $50 a week, but need high deposit, generally firm capital gains areas, reply for more info, cheap spotters fee will apply-
That’s right you have got to be critical! Higher deposits and you will end up losing money. I don’t see iether of these being attractive. Although one makes $34.54 extra cash a week, the deposit is 50%. rather then the only numbers chaging in the first one is 20% deposit.
The quick answer, Marisa, for CF+ is places like Mt Isa, Morgan, Ayr etc in Qld… Broken Hill in NSW, Geraldton in WA.. lots of places, inclusding lots of rural places all over australia. Best thing to do is look up realestate.com.au and click on < price in the search engine. It will bring up heaps of houses, then do your research about those places in google.com
Are the properties that you’ve found been on the net, or via RE agents, or from some other method?
I assume that most of the properties are still in rural areas of Australia?
James
on the net as well as via RE agents, spotters, friends
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
G`day Marissa,
generally in the regional areas of your state.I live in country S.A.,and while they are rare in Adelaide they come up in my hometown regularly.Big country towns with stable populations.
Lets stop talking cashflow and start talking rental return. Rent devided by Price of the property. I know there is more to cashflow than that, ie rates, vacany, interest rate on loan, but this at least gives a more subjective starting point.
I have bought houses in VIC in large regional centres with 8% rental return (bought in the last few weeks). Have a mate that has found 10% in small regional vic towns. Stuff still out there. easier to buy now than 3-4 months ago.
Bottom line is now is not the time. Maybe 5 years ago was.
I am sick of hearing people and gurus say – you just need to look harder – its your fault if you dont find them.
Remember we are at the height of a property boom. Be patient there will be good opportunities in the future.
Oh- dont forget interest rates may rise in the future which soon makes a ve+ become ve-. So I dont believe now is a good time.
I am sick of those people that alway want to buy -ve gear property. and oh don’t forget interest rates may rise in the future which soon makes a -ve gear become very -ve -ve -ve gear. So I believe anytime is a good time to buy.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
Lets stop talking cashflow and start talking rental return. Rent devided by Price of the property. I know there is more to cashflow than that, ie rates, vacany, interest rate on loan, but this at least gives a more subjective starting point.
I have bought houses in VIC in large regional centres with 8% rental return (bought in the last few weeks). Have a mate that has found 10% in small regional vic towns. Stuff still out there. easier to buy now than 3-4 months ago.
Slum Lord
I also bought couple at 10.5% yield. I agreed with you that it’s still out there and yes it it easier now to buy then before.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
Many of us know that one can buy CF+ properties. If people go to schinellas RE of broken hill, one can probably find dozens on their website.
When you say it’s easier than it was before, I haven’t heard of any major downturn in prices for properties in regional or rural areas (presuming that’s where you got your 10.5%). On the contrary, I believe there’s still demand for the cheaper, more affordable properties- in regional areas at least. That’s what the REI’s say- particularly first home buyers have been buying in more regional areas (for example, in QLD, such as ipswich area, as that’s the only places they can afford.
Please explain how it’s easier to buy cheaper properties now with high yields? [?]