wall ave,
people are given this information on a continuous basis, just refer back to posts.I believe the issue is really about people acting or more to point not acting on the information.
WHAT SECRET??? this information is everywhere, pick up your local paper, real estate mags etc. it AINT TOO HARD, I find it frustrating.
But thinking outside the square is not for all.
Redwing,
Thanks, yeah, it was doing it’s job, thats for sure. I only had a small loan on it and required that hit of capital for another project that wil make me more. It is only a very small studio, so it could not be used as security(very unfortunate!)
Marisa,
You’re spot on, there is info everywhere! It just takes time and effort, which is required to get anywhere, but it’s worth it!
Take care all.
J.
*BUMP*
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by PaulTextor:Hi Turnby,
In SE Queensland you could try the following:
– Beenleigh
– Inala
– Goodna
– Ipswich
– Logan (generally)
– Teviot Downs (in Beausdesert shire)O.K. here we o Beenleigh – 10 year plan, and everyone I have spoken to agrees, but positive cashflow is available if you look and do some work.
Inala – Currently experience Capital Losses in some (well actually 65%) of the properties I’ve viewed there Cashflow? No Idea didn’t bother looking.
Goodna – Well given it has Brookwater (Greg Normans Golf Course) I would be warty as to which area I bought in. I’d probably lok more towards Collingwood Park or Redbank Plains although no doubt it will get some Gains through the Longer Term buy and Hold. Cashflow for the outlay? So – So. You’re going to have to work for it…
Ipswich – Buy Commercial here and you will be on a definite winning horse. Prices have risen at a rate exceeding the rental returns and as such you will struggle to find CF+ property here. I said struggle not you can’t…
Logan generally – Not so bad. Avoid some of the areas though due to pricing outstripping rents in some instances down to 3% return. Look towards Bethania and Edens Landing here for some Awesome CG + the CF+ Positive stuff!!!
I’m not so sure in relation to Teviot Downs. Conflicting views on this one abound. Beaudesert though will over the next few years become a major infrastructure hub and this should see some interesting results here. I would almost suggest it is already happening…
People – Do your own research and DD Like the Punters Line if your using me instead of reading the form guide yourself you may lose some dollars. (Then if you do I have too!!)
Either Way Best of Luck…..
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055I would agree that the WA has huge potential for Capital Growth and CF+ and buy/sell. Go West and Go thtere often I say.
I’ve brought a number of blocks prior to subdivision in Geraldton and have doubled my money in less than 12mths. I brought them with a $500 per block deposit. Once the developer (not me)strata titled them and had all the amenites etc almost ready to go I put them back on the market and sold them prior to me having to settle them and I made 60K each on them ( pp 65K sold $125K) Geraldton and surrounding areas ( Northhampton ) is in a unique positioning to capitalize on the booming resources industry. State Govt has agreed to spend big money on updating the Port so that larger ships can come in and thus take the pressure off KArratha.
Down further Ravensthorpe,(near Esperence) BHP have the largest nickle mine in the world. I brought a property for 95K, rang up a couple of locals and told them they could take the crappy donger (fibro box house) and whatever else they could find if they cleared the block for free. I put two brand new transportable homes on it ( total cost inc land was $250,000) and I rent them out for $800 per week ( $400 x 2), I’ve done the same thing in Boddington( new mine opening there) and Onslow. I guess what I’m saying is be a little creative and there is a deal everywhere you look.
[suave]Oh, one more thing about the paying someone $5000 to do the research for you, my first investment property I was nervous and I brought off Sam Saggers (great guy) his site is http://www.positiverealestate.com.au he sold me a brand new property in Kalgoorlie WA for $166K ( you can not build for that price) it rents for $350 per week and has risen in value and is now worth $250K. VERY HAPPY> I can really recommend paying the 5 – 6K if your not sure. I’m experinced investor now, but I still buy off Sam from time to time and am happy to pay the fee.
Deanna
You seem to know the WA market pretty well. I have been looking over a few possibilities in Kambalda but read somewhere in another forum on this site to be wary of Kambalda.[worried]
It appears so far to be OK to me but are there any reason I should be wary of it (the area that is)?
Cheers
seanjSean Jenner
Sean,
Were on this website did you see other people talking about Kambalda? The figures on some of the properties there are quite attractive.
Does anyone have any knowledge of the area, or better still does anyone on this forum live there?
Thanks
Robert[biggrin]
“You don’t have to be rich to invest in Property, but to be rich you have to invest in Property”
Do a search on the Forum for Kambalda..there’s a bit here.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi
Just a little more information to add about Port Hedland. Make sure you do your sums the shire rates and building insurance are triple the amount you would pay in Perth.
The houses are generally older style fibro and there are certain areas which you wouldn’t want to buy in.
Other than that there are a few bargains still out there but as soon as they hit the market they are sold.
Ros
Just starting out…….! But very interested in the responses on WA properties. Has anyone spend some time looking at the 300K suburbs ? There could be some bad old house in a nice street that needs TLC and then passed back on ASAP to a happy family. Say the 3-4brm,2bth-standard suburbs house?
LYNI’ve seen Kambalda too and the numbers can look pretty promising, but remember to consider the infrastructure and population. Are you really sure that people are going to be renting here in years to come?
Good luck!!
;o)
DHi everyone
I’m new at this. If you want to find property in growth areas, take a look at southern queensland. Chinchilla, Dalby, areas.
We bought a house near these samll country towns in December at a rates arrears auction. Paid $27000 for it sitting on quarter acre block, not pretty but cheap. Have done a few renos. revalued last week for $80k used equity to buy 3 acres of subdividable land for the unbelievable price of $28k owner was desperate. Will be putting house for removal on it and revalue will be approx $250k. Not bad within 6 months.
Cheers
Rodaka[biggrin]I have a rental property in Kambalda, East Kambalda, and paid 74k for it 13 months ago. It is rented for $185 as it is furnished. It is fibro but in good nick. I recenetly had it officially appraised at $110k. The good news is is that the real estate agent who I have become quite friendly with asked me not to sell it as yet, even though there was a ready market for rented furnished properties, as he suggested that in 6 months it could be up around the 150k, and longer term more like the values in kalgoorlie, 200k. The reasoning is this. With nikel prices and gold prices at all time highs, and demand not even close to pietering out, there simply is no good accomadation for the massive inflyux ofworkers. On top of this, with all te new money in town, other industry and infrastructure proejcts are tkaing off, and all yer big chains are moving to town aswell, so this is liekly to snowball the effect. I’m in kambalda, and I’m staying, the mine lifes are all many many years out, and couple this with WA prixces in general heading north, it seems like a no brainer to me.
Regards
Mike
“Its all beer and skittles really.”
We have two properties in Waverley a suburb of Launceston they return as follows:
1. Purchase price $124k (purchased late in Tassie boom 2005) currently rented for $220 per week.
2. Purchase price $150k (bought mid 2006) also rented for $220k.Overall position positive on paper (once depreciation etc). You can still purchase property in this area from $125k upwards, rental market is very tight in Launceston at the moment, most people we know of paying over $220 per week rent. Last property we advertised we had 11 applications!
Launceston is a larger regional area with good demand for tidy rentals but avoid areas of Rocherlea, Mayfield and parts of Ravenswood, everywhere else is fairly acceptable.Now the WA rental boom is over what to people think of South East Qld…..
I have done a bit of research and like the look of a number of suburbs such as: (with potential issues/downside in brackets)
Victoria Point – too far away?
Beenleigh – 1/2 way between Brissy and GC – potential issues with CG and Rental incomes?
Redland Bay – too far away?
Logan – Prices high now
Bray Park – North side?? (South showing more chance of capital growth)
Parkinson – to small?Anyway, any feedback of the experts would be greatly appreciated off a potential investor looking to dip into the IP market for the first time!!
Cheers
Ritchie[biggrin]Turnby,
four weeks ago we purchased a property in Drayton/Darling Heights in Toowoomnba.
Purchase price was $265,000 current rental income is $610 per week.
Toowoomba has good growth and infrastructure, main problem is water restrictions dams are down to 18% but many places have water issues.
I am having a lock at several more properties today, same rental return is expected, probably a bit higher closer to $800 per week.To Bradleyvonx, are you serious? $600-$800 rental return in Toowoomba? Is this Student accomodation or something?
Baz[blink]
Hi there
given the location of the property – I would say it is student accommodation because Drayton and Darling Heights are in the vicinity of the University of Southern Queensland
We too have properties in Drayton and Toowoomba – which are cashflow positive for us.
Could I just put on a rider for anyone looking to invest in Toowoomba just at the moment. There is a bit of a vacancy rate problem at the moment with a lot of properties available for rent. Tenants don’t have the same problems with lots of people looking at the same property driving up rents. We are apparently about 12 months behind Brisbane with any property cycles. There has been a lot of new properties built – with a lot of new subdivisions in areas such as Highfields, Milmerran etc and there is an oversupply of duplexs and units at the moment. There has also been a change in employment in the town with big employers like K R Darling Downs closing down part of their works. Nevertheless Toowoomba does have a lot going for it – and is a most pleasant Tree Change location. The biggest employer in town is still the education industry with 32 different schools – a lot of which are boarding schools which service out West. Many of the army personnel posted to the Oakey Aviation base and Carbarlah live in Toowoomba and many people choose to retire in the area.
As always – make sure you do your due diligence before jumping on the bandwagon.Hi all,
Any thoughts on areas in SA? What about Elizabeth, which I am hearing is tipped for growth?
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