Recent content by Janvid

My comments about the growth in Rocky. I have said before that I do not place any faith in the stats. I guage prices by following local property guides. Some time around September last year I started getting the Rocky Saturday property guide. I have been following the asking price of real...

Thank you markpatric Finally someone that supports something I have said. Where do I send the $50.00 note???? Good point though. Astroboy - put your money where your mouth is. I now have 25 IP's (although this is not blocks of land. It is a mix of houses and unit blocks) and a PPR...

The block of 4 Penny mentioned is now under contract. Having said this I would imagine the sale price is less than $299,950. At 350 per week the gross return for a sale price of 290K is about 6.3%. A 6.3 % return would make a Sydney or Melbourne investor very excited, but this return is...

Hi all I have started looking for an IP in Townsville, although I have not made up my mind as yet whether Townsville is a place to invest or otherwise. I like small blocks of townhouses or duplexes/triplexes etc for yields. I heard somewhere recently that the rental market was poor and...

I say as I have done in the past for all the people who bag out Rocky. Show me where else you can get returns of 9% plus in a City this size. Of course Rocky has its faults. If Rocky was growing rapidly, was on the beach, or beside Sydney, or a suburb of booming Brisbane, then we...

Performance. Thanks for the info on the QS. I have been meaning to arrange one in Cairns, but lost the name an agent gave me. I also have an older multi-dwelling in Cairns without furniture which I am betting will be worth doing. In November 2003 I had a QS report done on an old house...

Hi Garry Its great to have people on the forum who actually say what they like and not beat around the bush. I was looking towards Melbourne some months ago before I read about unit prices coming down in value recently. Is this true? Units are always the first to drop in price in a...

9% + returns The debate continues I exchanged contracts yesterday on a new Rocky property. There are still great buys in Rocky but they are getting harder to get. I missed out on a block of 3 units last week, which was a blessing in disguise given my new purchase. The new place is a...

Thanks for the interest, but I am a buy and hold investor.

dwyerfam Thanks for the info. The web address you posted contains very useful information. I wonder if there is similar information available in other States? Thanks

Hi all. Does anyone have actual and or recent experience with the market in Hervey Bay, as in % value increases over the last few years, rents, etc. I have an IP which I have held since about 1997 and hear different and mixed messages about what the prices are doing. The IP is 2 streets...

Dos I just came across another block in Rockhampton. Block of 3 x 2 storey brick units renting for about 115 each per week (room for growth as privately rented below market of btw 120 and 130 per week). They are very similar to a block of 3 I bought in Rockhampton in about August last...

Hi Dos I know they are getting harder to find. I have found them in the past on the Domain, Realestate and the Property web sites. They do still come up from time to time. I also have alert emails from these web sites which tell me the moment anything over a certain price in an area is...

Hi Brenda I bought in Proserpine in July/August last year. (6 Pack) My PM moved into unit 1 from Airlie Beach. She says that the cost iof rent in Airlie is pushing the workers out of Airlie into Proserpine (20 min by car). I saw in the FIN this morning that another 2 new developments...

Hi All I also agree with SC. Capital gain at Yepoon with prices increasing and more and more units being built does not necessarily mean that the vacancy rate will be low. If anything, it will mean that you will have trouble finding a tenant due to the number of developers looking for those...