Where in Queensland are you looking to buy?
- Thread starter rexilla99
- Start date
I'm still in the research, watch and wait phase, but I am watching suburbs within a 10km radius of Brisbane at present.
I am always hopeful, the demand will drop and a lovely underpriced one will pop up just for me, and ideally close to positive cashflow.
If it was closer to the next boom, I wouldn't be so fussy, and I would just buy anything thats cashflow positive anywhere in Qld. That way I could buy a lot of them quickly before their values doubled.
I am always hopeful, the demand will drop and a lovely underpriced one will pop up just for me, and ideally close to positive cashflow.
If it was closer to the next boom, I wouldn't be so fussy, and I would just buy anything thats cashflow positive anywhere in Qld. That way I could buy a lot of them quickly before their values doubled.
Camira - Not for any particular reason. Just following a "go with the areas you know well" strategy initially.
http://www.somersoft.com/forums/showthread.php?t=26624
RJ
http://www.somersoft.com/forums/showthread.php?t=26624
RJ
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Beenleigh or Capalaba.
Yep - The one on the far left in the top picture is the one we bought (check out my gallery photos). Depending upon the configuration, your PM and the market you're looking at you could be looking somewhere in the mid-high 600's, even as high as early 700's. Having said that, if the vacancy rates climb or you don't get the tenant you're after, it could rent for much less or remain vacant for a while leaving you to carry the costs. We settle next month, so I can't tell you what we have it rented for yet.
We also looked at the one on the right hand side of that picture. Of the 2, we decided on the one we selected due to uninterrupted natural light into the living areas and bedrooms as opposed to direct light being blocked by a wall and the 4 bedroom configuration. I believe the next ones released are closer to the river and more expensive again - in the mid 800K's and above.
This investment suited us and our situation - please make sure whatever you choose suits your situation and needs.
Cheers,
We also looked at the one on the right hand side of that picture. Of the 2, we decided on the one we selected due to uninterrupted natural light into the living areas and bedrooms as opposed to direct light being blocked by a wall and the 4 bedroom configuration. I believe the next ones released are closer to the river and more expensive again - in the mid 800K's and above.
This investment suited us and our situation - please make sure whatever you choose suits your situation and needs.
Cheers,
I might be naive, but I don't think that they negotiate.
I did get other things that I wanted though like extended settlement, access to property etc so that I can get blinds custom built and installed prior to settlement, tenants looking through etc - so hopefully we'll go straight from settlement to tenanted with very little / no vacancy. That's worth a bit to us.
This is our first IP. Although we've already signed the 2nd.
Cheers,
I did get other things that I wanted though like extended settlement, access to property etc so that I can get blinds custom built and installed prior to settlement, tenants looking through etc - so hopefully we'll go straight from settlement to tenanted with very little / no vacancy. That's worth a bit to us.
This is our first IP. Although we've already signed the 2nd.
Cheers,
gerd. said:
Gerd,
Ugly Sugar Mill gone a bonus, but new development not done deal yet.
Have nothing against Nambour or Psych Hospitals, except a lot of units/flats in the town, housing out-patients puts me off. Has a funny feel about it.
Maybe a bargain would alter my feelings.
You've always been able to catch train,bus or taxi at the existing transport hub.
Cairns
We keep buying in Cairns, one of the few places you can achieve both terrific capital gains and also good returns.
We have about 10 rentals there now. Good solid infrastructure with enough diversity to keep the place humming along steadily, unlike one commodity mining towns.
We like duplexes as you always still have one side tenanted if the other moves out, but saying that, there is usually a waiting list for rentals anyway.
Occasionally we spend some money and put up new fences, new floor coverings, kitchens etc, but generally keep the spends to a minimum and just bank the money !!
Sold one recently to free up some $'s and in holding it for just 18 months it sold for over $100k above purchase price.
Not too shabby a place for the odd holiday, er buying/checking on rentals, trip either.
Gemini
We keep buying in Cairns, one of the few places you can achieve both terrific capital gains and also good returns.
We have about 10 rentals there now. Good solid infrastructure with enough diversity to keep the place humming along steadily, unlike one commodity mining towns.
We like duplexes as you always still have one side tenanted if the other moves out, but saying that, there is usually a waiting list for rentals anyway.
Occasionally we spend some money and put up new fences, new floor coverings, kitchens etc, but generally keep the spends to a minimum and just bank the money !!
Sold one recently to free up some $'s and in holding it for just 18 months it sold for over $100k above purchase price.
Not too shabby a place for the odd holiday, er buying/checking on rentals, trip either.
Gemini
