Hi All,
I am new to investing in PPROP and would like to get some information how to search for the property with future capital growth and what type of PPROP is better to buy – established home, off plan or unit?
I've been looking at factors like – population growth and South East QLD was one of the area where diferent sources (e.g Australian Buro of Statistic,) showed that there was population increase.
What sources of information I should be looking at?
Thank you.
Vala
Hi Vala,
I can only tell you things that have worked for me personally and may not work for you.
As to being better to buy an established home or an off the plan or a unit. It its more often then not very situational. If you can buy an established house under market value maybe that would be best, or perhaps a developer is looking to free up some capital buy giving discounts off the plan or a distressed seller looking to off-load a unit before the bank does. The only way to answer that is to get out there and find the deals.
Also research as much as you possibly can then research again (its free).
What i use for research and has helped me:
http://www.realestate.com.au
I'm sure you know of this alreadyhttp://mygc.onthehouse.com.au/property_research/
9 times out of 10 this will have the price at what the owners purchased the house for when you search.http://www.goldcoast.qld.gov.au/t_standard2.aspx?pid=1095
Gold coast city council's website, which you can search for information about the property, eg. Is the pool council approved, can this block be subdivided without impact assessments from the Local Area Plan, also current and previous land valuations.http://www.rpdata.com/
This is a service you generally have to pay for but can be most definitely worth itThank you for the information and web links, it is helpful.
I've purchased also some books -one from Margaret Lomas – as recommended by other Forumist.
Thanks again.
Vala
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