Brisbane & Sunshine Coast meetups + Terry Ryder from hotspotting

These events should both be excellent! First visit is free, the best groups I know of in QLD, organiser Matt Jones does a superb job.

Should note I'm a sponsor of these groups now, but was promoting them well before that, great way to learn and network without the hard sell.

Sunshine Coast meeting.
Tuesday July 19th
6:30pm

This month I have scored Ross Williams to come and chat with us. Ross is actually a property mentor with a number of multi-million dollar property development deals under his belt and lives up at Noosa
Specifically, Ross is one of Nhan Nguyen's coaches and I have nabbed him for the night to share some pretty special profit making strategies.
Along with Ross, Mick Rowlingson will be presenting his Real Deal and will be talking about rent to own strategies. This is a great strategy for the current market for both home owners and investors alike

Brisbane meeting
Friday July 22nd
7:00pm

Another massive night planned for Friday July 22 - check it out:
I have secured Terry Ryder from Hotspotting.com.au to chat with us. For those of you that subscribe to Terry's mailing list will know this is a real score!

Terry is the author of four books on residential real estate and a specialist property writer for newspapers, magazines and websites. He is regularly interviewed about real estate issues on radio stations around the nation and has appeared on numerous TV programs... and we've got him on July 22nd to tell us about his secret hotspots to find your next property deal.

On top of that I managed to get Paul Derry along to present one of his Real Deals! Paul has been in the game for many years and has plenty to share - in fact he runs his own meetup group as well! Paul has a classic renovation deal with a twist to tell you about - totally cant wait for that one!
 
There's only 8 seats left at the Brisbane group this Friday, 92 attending so far. If you like property and you haven't been before... you really should come along!
 
Oops, how did I miss this thread until now. Oh well...

Andrew, maybe you can post up a summary of the presentation. Sounds like it will be great.

Cheers,
Michael
 
Michael.. A little late but here are my notes from the evening with Terry Ryder.

> Presented in note format. No interpretation placed on the notes, just recording what was spoken as best possible.

Terry Ryder
http://www.hotspotting.com.au/

* Many people listen to the media instead of consulting experts.

Research into property investors states that:

> Within 4 years most 1st time investors sell up
> heavily -ve geared investors, 50% have sold in 12 months
> Many buy in the wrong places such as the Gold Coast or hi-rise apartments

* Deciding where to buy is far more important than what you buy or when.

Q. Is now a good time to buy?
A. It's always a good time to buy in the right place

* There is no such thing as the 'Australian property market', there are thousands of individual markets.

* Your job as an investor is to buy in the market that will happen next, the media is telling you about the hot spots from 12 months ago.

* Only 5% of investors think they will get best growth from mining towns. In 2010 however the top 10 growth areas were all regional. The capital city average was 4.7%

* When looking in regional areas you should be concentrated on affordable opportunities and above average rental returns.

* If it's more than 2 hours away from a capital city most people from the city have never visited there.

* Few people invest inland despite 'hill change' areas outperforming 'sea change' areas. One problem with coastal regions is supply, there might be plenty of demand but if supply swamps demand (such as the Gold Coast where medians are lower now than five years ago) prices will not do well.

Forster 6% and Tuncurry 5% vs Singleton 10% and Muswellbrook 10% (10yr growth APM figures)

* The Hunter Valley is a pumping economy at the moment

* Roma QLD has had 100% growth over the last five years.

* Looking at ordinary regional centres with agriculturally based economies primarily and not mining towns.

* Mining towns can be very high risk.

> Ravensthorpe in WA the mine was built for 2BN and sold for 370 million.
> Moura in QLD had vacancies rates of 0% in 2009 and 12% after the GFC.

* FIFO workers are killing mining towns (Mackay Mercury)

* We are about to have another boom, not having one at the moment. 380 BN of mining projects in the pipeline that haven't started yet. Buy in the nearest regional centre as a safe way to exploit the resources boom.

> Newcastle NSW
> Bunbury & Geradton WA
> Townsville QLD: Probably the strongest regional place in QLD. About to be expanded, tourism, govt admin, manufacturing, military.
> Gladstone QLD: 100BN of industrial projects at the moment
> Emerald QLD
> Mackay QLD

In a survey of where investors seek to find the best capital growth.

1) Inner CBD
2) Sea change
3) Outer suburbs
4) Regional centres

Over the last 10 years higher price inner CBD was the worst performer

* Affordability drives peoples expectations and growth over time.
* Sydney has been the under performer for the last 10 years. Out of 700 suburbs only 2 have 10%+ growth rates over the last 10 years

* Stop reading newspapers, filter out all of the bad information. We don't have a bubble, Terry stopped reading newspapers years four years ago.

* Buying ugly real estate that grows in value is fine, capital growth isn't a snob, it has no view.

> Keysborough Melbourne, 10 year growth of 12%, last 3 years 14%, median in 2007 of $287k, median in 2010 of $425k

* Those who espouse the superior investment qualities of the prime suburbs have an attitude but not an argument

* Terry likes ugly duckling suburbs.

Hot Spots

1) Gladstone:

> Big flow through factors at the moment
> Great access to the barrier reef
> 100 BN dollars being spent there
> Rental growth is strong at the moment
> Boomtown of Australia very soon

2) Woolloongabba:

> Transport
> Medical

3) Ipswich City:

> Compelling hotspot
> Story only just beginning
> Paul Pisale as mayor is a large positive

4) Toowoomba & Surat Basin

> Critical mass has been reached
> Water supply an issue, solved the problem with a pipeline from the Wivenhoe dam
> Very affordable market

Top 10 regional areas for the current market:

Geraldton WA
Gladstone QLD
Newcastle NSW
Orange NSW
Seaford SA
Surat Basin QLD
Toowoomba QLD
Townsville QLD
Warrambool VIC
Whyalla SA

Thoughts on the Brisbane market:

* Worst performing capital in recent times
* Prices have dropped only 5%
* After 74 floods the prices dropped about 10% and recovered that in 12 months
* Lots of opportunities to buy well
* Surat basin happening.
* A lot of Brisbane CBD office space has been taken up recently by mining interests
* An economic boom is on the way
 
Thanks for that Andrew,

I am a big fan of Ryder with his no nonsense, against the grain investment style. I will start researching!
 
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