Recent content by singingtheblues

Otp OTP sounds good because it's easy - however you're paying a huge premium to the developer for the convenience - dont be seduced bu the word 'guarantee' - 2 years is not a long time & the body corp & other costs will eat the rent alive - what happens when more developers stick up more...

gladstone townhouse just dropped my rent from $350 to $310 to get a tenant (& repainted & recarpeted as well!)

another karratha? unfortunately i dare say that there were a heap of 'investors' that were lured into investing by the spiel & greed - however Gladstone was never going to be another Karratha - the fundamentals are quite different - the restrictions on land & development that exist in Karratha...

i thought he was into Portland & Warnabol some time ago .. obviously they fell flat - you can still buy houses in the low 100s in portland

mandurah follow the money ... mate of mine has a flooring business he's about to close his mandurah outlet .. he opened up recently in joondalup & it's going off up there .. can't keep up with demand !

port adelaide you'll be waiting a while yet - i just dont see port adelaide going anywhere - it's dirty, grubby, polluted, remote, transport poor to the city centre (& the city isn't much to write home about either), non existant beach .. it just has nothing going for it - except the...

$100k pa we're on $3.5mil value - $2.5mil debt .. just a property boom away from the big time!! ;)

yes, thanks norwoodman .. if you read the post then i did say i didn't want to buy in a Hot area, i was just interested in finding out where the hot money was - more for scouting out the ripples & adjacent suburbs .. sorry, i said east sydney .. i meant west .. never been good at geography...

thanks DavidMc - don't worry i've no intention of jumping into anywhere that's HOT right now - i asked the question because all my properties haven't moved for what seems like ages - i bought in gladstone in 2010 & seen a 50% rise in both capital value & rent .. & the townhouses have never been...

It has been Perth, Mandurah, Frankston, Western Melbourne, Western Sydney, Gladstone, Brisbane hinterlands, Qld Mining towns, Darwin, & heaps of other places too (as no doubt i'll get reminded) - these were all 'Hot' but now they've done their dash .. so where is the new hot? .. i can't think of...

gladstone i have 2 townhouses in gladstone - purchased in 2009 for $200k .. rent then $220/wk - the rent is now $350 & holding steady although i am expecting downside pressure - maybe to $320 i finally visited gladstone the other week for the first time & this is my take .. i could not...

the advertiser got to love the advertiser .. never a bad real estate story .. can't bite the hand that feeds - great piece of 'free' marketing for BrockWilliams just because the reserve is $10k doesn't mean that it'll sell for $10k - there was no interest at $65k (& i assume that they'd have...

cheapo studio $3000 income / $2700 outgoings .. the ad gives the income after 'management fees' - ie the costs of running the appartments - you're still liable for all the other costs listed below .. rates etc which come to $2700 per year - these aren't management fees

bargain? my wife used to work for that chain - she said it was a bit grim at the Directors Suites - mind you it does have all night karioke next door from what i remember (if you're into that) but at a return of $300 per year i'd say $10k was expensive!

adelaide not been on this site for a while .. tell you the truth this buy & hold strategy is a bit boring when there's no capital growth - i'm holding property in various parts of adelaide & surrounds & not seen any capital growth for years (literally) - there will never be any growth here as...