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Sorry.. to clarify. I (the bank) already own the IP. I would like to buy it using my SMSF.

Hi. Does anyone know of a way to legally buy an IP I have already purchased using SMSF?

Hi all, Managed to get a tenant. $280 p/w is better than nothing. Hopefully things don't get any worse and in a few years growth returns. I simply can't afford to sell so i'm hanging on for the long term!

Let's hope Gladstone has hit the bottom too.

Lol yeh. Lots of first home buyers there could do well if growth returns. Gotta hope Clive's Nickel project goes ahead and they stop releasing land and building more houses.

Been valued by two local agents between 260-280k. Really wish I sold around 2011-12 when it was valued at 380-400k. Expensive lesson. Would sleep better if I could lock in a long term reliable tenant.

It's in Beak st. New Auckland. 3x1 lowset. Cost $320k. Wanna buy it? :p

Anyone know how the banks manage your outstanding debt if you sell a property at a loss? ie. Would you get to keep the same interest rate and term to pay the remainder even without a house as security? At this stage.. the bank can have "their" house in gladstone and do with it wat ever they...

Hi All. I am wondering if anyone has some insight into the Gladstone market. I bought a 3x1 established house in 2010. Since then I've seen the value and rental return go up, then down (significantly) Currently the house is vacant. Not much interest for rental. I'm thinking about...

Hi Guys, Thanks for the replies. I wonder then what is the advantage of not cross collateralising loans? Cheers

Hi all, I have a question. Lets say you own multiple property investments and they all have loans with different banks. If one of the properties has gone south and you can't sell it. What if you decided to walk away from it, stop making payments and let it go into default and allow the...

I guess what I'm really asking is which of the two towns do people think has a better outlook for future growth, in the short and long term. Cheers

What do people think about investing in each of these two areas and which do you think make a better investment choice?

"Just from research and references here and there. To be precise, there is 2,600 residences in SH available for rent. Of those 128 are vacant or advertised for rent, or close to 5% vacancy." You care to elaborate?

I live there, and I know lots of people share houses just to get somewhere to stay. People pay 400-500 a week just for a room. I work with someone who shares a 3 bedroom house with 6 people. My workshop base their recruitment on what houses are available, not the actual need for labour...

"The SWQ figures show Gladstone has a 5.6% rental vacancy rate, compared to other mining regions such as Port Hedland (WA) 4.6%, Karratha (WA) 3.7% and Roma (QLD) 2.6%." wow,, I live in hedland and if the vacancy rate is 4.6% then I'd hate to see what 1.9% (national avg) looks like. Excuse...

Hi Jenko, Did you end up finding a flood map? Regards Dave

It seems like the rental market is very strong in Chinchilla and Miles, But not sure about sales. This could be a good thing though,, if investors stay away, then rents might continue to go up.. hmm.. might make it hard when it comes time to sell.. but in 10-15 years who knows what will be...

lol,, sorry mate I meant the stock market. They are ticker codes. STO is Santos ,, ORG = Origin.. How long ago did you buy in Weipa? I had a job interview there last year.. didn't quite get the site visit tho, would have been good to use it look around for investment opportunities.

I think I agree with you Strongy. Maybe I'll invest in STO and ORG instead. Atleast I don't need $400K to get on board!