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  1. singingtheblues

    Investment Property in Adelaide CBD - 6% Rental Return

    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...
  2. singingtheblues

    Gladstone QLD - How is it Going????

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

    Gladstone QLD - How is it Going????

    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...
  4. singingtheblues

    Frankston Now on Terry Ryder's Top 10 Hotspots

    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
  5. singingtheblues

    Mandurah developments

    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 !
  6. singingtheblues

    Will interst rate cuts = Property boom?

    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...
  7. singingtheblues

    $100,000/pa Passive Income...

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

    Where is hot?

    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...
  9. singingtheblues

    Where is hot?

    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...
  10. singingtheblues

    Where is hot?

    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...
  11. singingtheblues

    Gladstone QLD - How is it Going????

    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...
  12. singingtheblues

    Adelaide Investment Suburbs

    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...
  13. singingtheblues

    Adelaide Investment Suburbs

    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
  14. singingtheblues

    Adelaide Investment Suburbs

    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!
  15. singingtheblues

    Adelaide Investment Suburbs

    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...
  16. singingtheblues

    Adelaide Inner Suburbs

    1/304 north terrace terrible location - very busy road - opposite the hospital & who knows what will happen to that site when the new hospital comes on stream in 2014 .. but then again who knows, they may buldoze the lot & extend the botanic gardens .. then $325k really would be a bargain!
  17. singingtheblues

    Gladstone QLD - How is it Going????

    agents in gladstone 'Good Real Estate' have been good - been with them for 3 years now
  18. singingtheblues

    Margaret Lomas's love affair with Adelaide.

    elizabeth we can all argue the toss about whether a property will get you a negative or positive return & we can all find examples of good and bad capital growth in 'rich' and 'poor' areas .. if there were a formula then we'd all get it right as somone that has invested in low & high socio...
  19. singingtheblues

    Margaret Lomas's love affair with Adelaide.

    margret lomas yes i dont see margrets fascination with adelaide - the market is very flat here & has been for a while - she's keen on the south - the ongaparinga council area .. & it's true that there is a lot of infrastructure work going on with the railway extension & the expressway - however...
  20. singingtheblues

    South East Asia

    malaysia i've not read all the thread .. but i'd like to share my experience of investing in Malaysia – We purchased a condo/studio/apartment off the plan at Port Dickson a number of years ago – the motivation being that it was only $60k, payment was due over a number of years, the return...
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