Surat Basin

Surat Basin Homes have just completed a duplex pair for me in Chinchilla.  I found them to be very informative and helpful.  I am Victoria based but flew to chinchilla to check out their work.  My husband is in the building industry and he was very impressed with their standard of work.  we have been dealing with Steve Bradford from Surat Basin Homes for the past 5 months and have not have any problems at all.  everything has gone perfectly to plan. Handover for my units is tomorrow and we have a tenant moving in on Saturday – gotta be happy with that

Hi again Lefty

I am using Tess/Angela at Elders Real Estate.  I had each unit with a seperate agency with the incentive of whoever rented the 1st property they would secure management rights to both units.  Elders rented the first one.  Having said that – the potential tenant pulled out this morning due to her contract of sale on her PPR falling over

There is a new lady in town named Pam and she is starting up her own agency which she is calling Surat basin real estate.  She should be operational by the end of next week.  Her number is 07 4669 1790.

I built in Gaske Lane which is on the edge of Bottletree estate.

The tenant that was going to move in was an individual.  Not too many companys looking for accomodation at the moment.  Rentals are really quiet.  Hopefully the calm before the storm.

The rental return was way below what i was told i would get.  I have them listed for $320.  The depreciation should make them neautraly geared tho.  I am only prepared to take 6 month leases due to the impending increase in demand expected in around 3 – 6 months.

I too am having a good look at Miles and have an expression of interest  on a block of land there which i hope to build on.

hope this helps

debbie   

We have just done our handover for our first Investment IP with Steve Bradford from Surat Basin Homes at the beginning of this month. We also have a tenant ready to sign a lease starting in July. Both Steve and Jay were very helpful and proffessional in thier approach to everything. The house was built to a very good standard and are definetly one of the better builders around in the area. I would recomomend them to anybody wishing to build in the Surat Basin. We also have an expression of interest on a block of land in Miles.
Our prospective tenant is will to pay the $400 rent the initially wanted 12 months but possibly going to go for 6 months instead. We are new to this any advice as to weather to stick out for 12 months or except 6 months in the hope that by January things will have started to take off would be very helpful 
Thankyou

Hi JPS
Just reading this,
can u please give me an idea as to what u paid for the property to get this sort of rent, $400

cheers
Mel

Hi,Mcubed82

 We bought the land last year along with the house as an all in one package on 2 contracts direct from Suratbasin Homes take a look at their website http://www.suratbasinhomes.com.au and speak to Steve Bradford you can tell him Jean and Paul S from the Sunshine Coast recommended him. He is very good and so is Jay as are all the staff at Suratbasin Homes. For both land and a 4 bed 227sm house we paid just under $370,000 prices have since gone up quite a bit since. There are other builders out there but their houses are not fetching the same rent as the quality is not of the same standard.
They are also selling land in Miles as well as in Chinchilla.
Goodluck

JPS25