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OK Ralph - home it comes up trumps! Chris.

Hi Ralph, The valuation was done by the real estate office that is also my PM and I let them know I was not considering selling, but was after a valuation to assess equity. I am sure they would also be hoping that if the figure was high enough, I may well consider selling to realise the CG...

Hi Magpie, I recently arranged for a REA to provide me with an appraisal on my 2BR townhouse in Manoora. I expected a valuation of around $130K, so imagine my delight when it came back $155K - $160K :D So I would say that the market is still quite buoyant :) Regards, Chris.

WOW! How did you manage that??? :eek: Chris.

Hi Kenneth, I was in Cairns a few weeks ago. I am in no position to disagree with your statements regarding the timing of the market peak and your predicted decline, however, I was pleasantly surprised by the amount of construction underway, particularly in the CBD and at the number of...

Oztexs, My place was built some time in 1989, if I recall correctly, so it is now about 15 years old. I have had some D.I.N.K's, but also Single Income One Child and currently 2 single females. Some tenancies have been for only 6 months, te more common is 18 months to 2 years. It is in a small...

Hi Oztexs! I have had a 2BR townhouse in Manoora for 7 years and in the first 18 months the rent went from $170 to $135, then has very, very, slowly crept up to $160, as of 6 months ago. How does this compare with your experience? Does $160 for a 2BR sound like market rate? My townhouse is in...

Manoora Property Hi Kidders! I have a 2 bedroom townhouse in Manoora, on Whitfield Crs. It is quite a nice area, but there is a lot of competition. I believe the locals nickname for the area is something like "Lego Land". I have had my place for a few years now and the value has only just...

Hi PosCash. I am getting a 6.6% gross yield on the house - not terrific, but reasonable at the moment. Regards, Chris.

Hi, I posted to this thread a few weeks back and said I would provide an update on the 3 BR house I had a contract on in Mount Sheridan (Forest Gardens). Settlement went as planned on 28th June (Monday) and except for some curtains which were removed by the previous owners and shouldn't have...

Thanks for the encouraging news Chris. I will reply to this thread in a few weeks and let you know how I got on. Regards, Chris.

Thanks for the update Chris. I settle on a 3BR house in Mt Sheridan (Forest Gardens estate) in a couple of weeks time. Hope the vacancy rate stays low :) The PM reckons it should lease quite quickly, so here's hoping she's right. Regards, Chris.