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Be careful with these new developments as they are often in areas of mass supply. Have a look in some rural towns that are picking up.

+1 Good for PPOR if you want to live in the area, but not good for IP.

That's what I'm thinking too. I'll still have a nice buffer left after another IP purchase. So I can do another quite comfortably. Thanks!

Hi guys, Finally got started with my first IP purchase over the weekend. Secured a neat unit in Frankston for a good price. Went in hard with the negotiations and luckily the vendor was keen to move it instead of waiting for other offers first. I have enough cash spare to put down a...

Keep your friends but find like minded investors to 'talk shop' with regarding your investment goals. Your friends will only hold you back if you let them. At the same time you can very well plough ahead with your investment goals and still retain and enjoy your friendship group.

All the NRAS stuff I've looked into never had a val come in on purchase price. Always under. The agent representing the NRAS stock always had a reason for it too....."oh, it's because they didn't factor in this", "oh, they overlooked that" etc.

Very little capital growth with student accommodation. Also factor in that come holiday time, most students take off back home (usually overseas) which means you will have an empty apartment for possibly months.

Everyone I know that lives in Darwin refers to this area as 'Palmer-slum'. I've been there though and didn't think it was that bad. There seems to be a lot of Defence Housing around the area.

Yeah, I've seen that article before and quickly dismissed it. Even someone fresh to the game like me could see how rubbish it was.

Thanks for all the input guys, lots of great information!

Just wondering if anyone avoids apartment complexes for investment properties? I've heard many people say to avoid them due to potentially high (or rising) body corporate fees as well as rental competition due to having multiple apartments in a block. Just after some more thoughts on this...

Beat me to it. I'd observed that the rental prices were quite low anyway. I always use the test of, "is there a need for NRAS in this suburb?" If not, then you can bet the developer isn't selling as fast as he would like, so he's had some properties NRAS rated to flog of to 'investors'...

This was my exact thought too. I'm not familiar with the area, but thanks to the goodness of Google Satellite, I could see plenty of land for future development.

Thanks for the information. I have put together a few spreadsheets, one of which helps me work out at what point in time (years after purchase) a negatively geared property *should* turn cf+ It's good to know that it is possible to obtain a portfolio with minimal holding costs with the right...

I'm new to IPs and thinking about my long term strategy. I understand that you can setup a portfolio so that the mortgage/interest side of things can potentially be covered by the rents (mix of pos and neg geared IPs), but what about the other expenses such as rates etc? Once you have a...

That is my understanding too. I mean, at the end of 10 years, you are just left with a standard house/unit. So there is no reason why it wouldn't have the same CG as a similar house/unit in the area. The only thing, as mentioned above, is being wary of paying a premium for a NRAS property...

I thought they had finally applied for a permit with the local council? At least that's what I thought I saw in the newspaper. I also had the same thoughts too. Just looking at some real-estate sites seemed to indicate that anything with NRAS attached to it was overpriced. Looking at Google...

Hi guys, I'm new to the forum :) Just wanting to get some opinions on Coomera, QLD as a location for an IP? I've been talking with a property group about an NRAS development in that location. The numbers seem to stack up, but I'm really unsure on the area as I'm in Melb. I'm nervous...