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emc, Do you intend to reno & sell or reno & hold (with higher rentals, bigger LOC, etc) or reno & live in? It gets down to the profit margins that you are happy with making. I look for at least 30% over the purchase price in a six month period. That's after paying for the reno, holding...

What does time say so far? Cheers, Aceyducey

Re: 9% + returns It's been suggested in other parts of the forum that property prices around Australia are likely to fall until properties are geared to 9% or better returns... Here's an interesting thought - with returns so low in major cities, perhaps we'll see the reverse happening -...

Astroboy I just did a review of this thread & from my count Marc is the 6th Queensland-based investor who has said positive things about Rockhampton as a place to buy IPs. People like pantotango and gridcap have talked about property they bought there & were happy about owning. From my...

Overlooked - you can post them Brains, simply copy & paste :) Why are you so down on Rockhampton Brains? It doesn't seem to come from an objective perspective - if so you'd be down on a lot of other places as well? Is this merely a deliberate attempts to be contrarian - regardless of the...

Brains, The figures I get are as follows: Aussie Valuer results for houses in postcode 4700 Top 25% 2003, $ 129,500 2002, $ 134,125 2001, $ 119,500 2000, $ 97,862 1999, $ 133,000 Middle 50% 2003, $ 97,000 2002, $ 96,000 2001, $ 85,000 2000, $ 77,000 1999, $ 81,250...

So brains you have a friend who owns a few IPs in Rocky and watches the market.... How about that - so do I!! My friend's name is Sea_Change - no fee required. brains, your post doesn't explain why your friend is more knowledgeable than my friend :) Cheers, Aceyducey

Astroboy, I find it amusing that in one thread you're accusing Bill L. of being a 'doomsayer' for providing a hypothetical situation concerning a single unit, and here you are 'doomsaying' yourself for an entire town....does that indicate a regional town-sized chip on your shoulder? :)...

So before the market began moving then - shame you didn't buy on the way through :) I like average houses....more people are able to afford to live in them. Exceptional houses tend to be out of the mass rental and ownership market & therefore more vulnerable to downswings.....the extra...

So how long ago was this trip Frank? Cheers, Aceyducey

Honk! Honk! A happy goose at least :) Cheers, Aceyducey

Astroboy, As I said in my first post, I'm not currently buying (this week) cause I'm digesting our last buy & doing a few renos.....stay tuned though as we're looking at opportunities :) (and will move fast on an excellent one) My prelim data on Rocky is not relevant - I said I agree with...

Astroboy, BTW - I thought YOU were the detractor & Sea_Change was the detractee.... Yes we're all quaking in our boots ;) Frankly I read your post with the stats and thought - "he's got nothing" I didn't see any need to reply as there was nothing you said worth replying to...

Sea_Change, An excellent post, it's nice to hear more of the background info & your thinking on how you arrived at your conclusions. We've briefly looked at Rockhampton & agree there is potential there, however due to finance timeframes and digesting our current renos, have largely...