Search results

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...

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...

I thought the below extract is worth noting. As far as Canberra is concerned from a local's perspective there is far too much unit development happening. Beyond the housing boom Back to stories 1 October 2003 From Money magazine, October 2003 Terry Ryder sorts out where...

Proserpine is 20 minutes from Airlie Beach. Airlie Beach (Chute Harbour) is the true gateway to the great barrier reef islands. Airlie Beach has become very expensive in the past 12 months or so. Locals working in the area are having difficulty paying rent to live in Airlie Beach. Properpine...

My agent in Mackay says that the prices have remained stagnant for about 9 years. Southern money is now pouring into Mackay. There were 6 Sydney telephone bidders when I bought my place at auction a few weeks ago. The southern market is too expensive so logically people wanting to invest will...

I recently bought in Cairns. About a month after my purchase my agent in Cairns says he has been a Cairns agent for 12 years and he has never seen it like this before. Places are being snapped up before making it to the internet or in the local paper. He says that it is impossible to get a...

Hi all I went to an auction in Canberra this morning. It was a large older style home on 2000m2 in Red Hill. Mugga Way is the best street in Canberra although the Forest end is better than Red Hill. The house was sold for $1.63M dollars. Another property sold in Forest last week for $2.6M...

Does anyone know if having units strata titled is classified as an improvement under S124zh of the Income Tax which therefore arguably means that some older post 1 July 82 commenced buildings can be depreciated as a whole, or if not commenced after July 82 then the capital improvement from the...

I have just taken a serious plunge into Queensland. I have bought 3 x 2 bed t/houses in Rocky (s/block) -$246K $390 p/w 6 x 2 bed t/houses in Proserpine (s/block) - $360K $730 p/w 7 x 2 bed t/houses in Mackay (s/block) - $479K $770 p/w 5 x 2 bed t/houses in Cairns (s/block) - $450K $560...