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Hi Feradd, Don't know and can't speak for other investors. But I think you have 1 too many zeros in your calculations as a 200m building insured at $150pm is a crazy amount! My belief is rents are high due to the usually tight vacancy rates Mackay has. I bought for this and the expected...

Hi Feradd Only because my investment focus has changed and I want to simplify. I'm starting up a company to develop some software for the mining industry. But the property deal its self makes sense. I've got a rental appraisal for $520-550pw that can be used for bank finance. At 80% rent...

Hi I'm looking to sell a property in Mackay, brand new townhouse at 19 Stevenson St, South Mackay. Could someone please suggest a good real estate company and person that you've dealt with for handling the sale. And what sort of a percentage selling fees do you pay in QLD? thanks Stephen

So what's going to change in Redcliffe to make it stop under performing the market? Redcliffe will always have the airport noise factor and that's a big turnoff for a lot of people. A better choice surely has to be buy further up near Lathlain, Rivervale or Carlisle which are all...

Another thing to consider is Redcliffe has underperformed the Perth market over 1, 5, and 10 years. http://reiwa.com.au/Research/Pages/Suburb-profile-results.aspx?suburb_id=242&census_code=SSC52196&geogroup_id=2871&geogroup_parent_id=3. So you'd want to get a great deal to make buying there...

Hi Mysrh I live in Vic Park so have some understanding of this area. Redcliffe is right beside the airport so noise is always going to be a big negative. I'm not aware of any of the lifestyle facilities renters look for like cafe strips, restaurants or movie theaters. In fact I've lived in...

I bought into Mackay for the high expected population growth, tight rental market with good returns and the expected mining boost. http://www.mackay.qld.gov.au/__data/assets/pdf_file/0009/81378/Mackay_Population_Growth_-_Medium_Series.pdf. I also recently bought in the Bowen Basin as I...

Correction: Blackwater in Queensland is a town with a population of about 6,000 people and is a major coal mining town of Australia with six open cut coal mines. Producing more tonnes than anywhere else in Queensland Blackwater has developed its reputation as the “Coal Capital of Queensland”...

Hi Thanks for all the replies guys. I decided to go with the lawyer my buyer's agent recommended, Peter Hofstee and Associates 07 55263529. As Rolf mentioned, time is of the essence so I thought this would make things easier as they know each other. $800 plus GST plus search fees etc for...

Hi I'm buying my first interstate property and looking for a good conveyancing lawyer in QLD. This is a purchase of an established property involving standard documentation so should be pretty straightforward. One quote I have is $1500 including GST on a 420K place! In WA we use settlement...

What about the difference between Firstmac's Easy Livez - Plus and Easy Livez - NRAS Loan? https://www.firstmac.com.au/Pages/Easy-Livez-Plus.aspx https://www.firstmac.com.au/Pages/Easy-Livez-NRAS-loan.aspx the NRAS one is 0.25% higher...

I'm on 6.65% with the NAB, offset account that costs $10 per month per 2 loans for just under a mil total, < 80% LVR.

I talked to a good property accountant who recommended I set up a unit trust with company trustee. But now I'm having trouble contacting him again and need to get this trust set up before the 17th so I can finalise a deal. I could get my regular accountant to do this and I imagine it would be...

Agree with Belbo. Also I've found that with a good broker I pay minimal fees - I do pay a fee for a pro package and of course gov stamp duty though no valuation, application, monthly etc. In the past I've also been told of where others are doing business so have become aware of opportunities...

Well it seems the H+L package in Glen Eden for $489K that I was interested in actually was on a sloping block. The group I'm with suggested not getting involved. Question - what's wrong with a sloping block? I saw a 618m2 one in New Auckland for $160K 2 days ago on realestate.com.au which I...

Hi AbbyFresh, from reading some of these posts and talking to my broker yesterday, NAB and Westpac do have policies in place for NRAS with CBA and ANZ looking into it. I got in on my first NRAS deal in Mackay yesterday which apparently was gone in 3hrs...

I talked to an accountant today, who deals in setting up SMSFs, about setting one up to buy a property. He told me my contributions wouldn't be taken into account for serviceability, which I didn't realise, and so it would be difficult for me to do what I want to do if I was to borrow through a...

Thanks Brianna (and Geoff) for your advice. Have since found out the properties from www.WealthWithProperty.net are actually in Kirkwood but are being advertised as West Gladstone, as in "West of Gladstone" (grr). The one in Glen Eden for $489,000 actually looks quite good on paper as...

Hi I'm interested in Gladstone as well and started making some inquiries. At the moment I'm considering either a H+L package in Glen Eden estate for $489,000 which has a rent appraisal of $650-720 or another group www.WealthWithProperty.net have $500,000 H+L packages in Little Creek Estate...

All good advice. Thanks, much appreciated.