Recently I was able to get an old house for 230K ($275 pw rent) in West Wodonga. I think this area is safe-ish location with decent yield.
Cash flow positive properties. Where do Dymphna & Helen Collier properties recommend
- Thread starter Spicy McHaggis
- Start date
No JT7, I'll definitely be purchasing in Brisbane but I think I'll go for something on a bigger block. Planning on flying up there in the next few weeks to have a look at Ipswich/Logan in person and hopefully get something over Christmas.
I like to add value so it'll have to be something a little more run down
First ip was not with EOS.
Yes, I have checked out other properties and viewed their independent valuations and I believe these are in the ballpark
Yes, I have checked out other properties and viewed their independent valuations and I believe these are in the ballpark
Yep, I am hoping they work out as they promise
No JT7, I'll definitely be purchasing in Brisbane but I think I'll go for something on a bigger block. Planning on flying up there in the next few weeks to have a look at Ipswich/Logan in person and hopefully get something over Christmas.
I like to add value so it'll have to be something a little more run down
Hey OTV,
Yes it's a small block and I think for that price point you'd be looking at 600sqm.
Sounds like you have a plan in place. Best of luck and I hope everything goes well mate.
Let us know how you go.....
Yep, I am hoping they work out as they promise
I think they have completed a Karratha project, however, because the market has turned and prices and rents have fallen back, I think investors may get burnt with this project, mining towns always going to be higher risk.
No JT7, I'll definitely be purchasing in Brisbane but I think I'll go for something on a bigger block. Planning on flying up there in the next few weeks to have a look at Ipswich/Logan in person and hopefully get something over Christmas.
I like to add value so it'll have to be something a little more run down
This is reduced now to 188 and a good yield at 300 p week
They want it sold by 18 nov
http://m.realestate.com.au/property-house-qld-gailes-114795299
This is reduced now to 188 and a good yield at 300 p week
They want it sold by 18 nov
http://m.realestate.com.au/property-house-qld-gailes-114795299
Solid yield that's for sure. Any flooding issues....?
Looks like its in flood zone, but only just , almost right on the border, i would still go for it but plenty of people that wouldn't, perhaps then why it's taken a while to move, offer of 165 maybe?? Lol
If you're of the higher risk type, it sounds as though you could low ball, then turn it around as the market takes it up.
Of course, I'm saying this without any prior investigation of the area etc.....Positive Cash Flow Investment Properties ...
I am only new to this forum - not sure if you realise that Ipswich City Council has now relaxed the Planning Scheme to now allow 'Auxilliary Dwellings' or Granny Flats for investment purposes. We have built the first few new ones here in Ipswich and about to commence a number of other projects.
If you own an investment property in Ipswich, or are considering buying an investment property, Ipswich is the place to be doing some research. By adding a second dwelling it can make a negatively geared or neutral investment into a positive cash flow property.
The first couple we built, there was a queue to rent them!
Happy investing ...
I am only new to this forum - not sure if you realise that Ipswich City Council has now relaxed the Planning Scheme to now allow 'Auxilliary Dwellings' or Granny Flats for investment purposes. We have built the first few new ones here in Ipswich and about to commence a number of other projects.
If you own an investment property in Ipswich, or are considering buying an investment property, Ipswich is the place to be doing some research. By adding a second dwelling it can make a negatively geared or neutral investment into a positive cash flow property.
The first couple we built, there was a queue to rent them!
Happy investing ...
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No JT7, I'll definitely be purchasing in Brisbane but I think I'll go for something on a bigger block. Planning on flying up there in the next few weeks to have a look at Ipswich/Logan in person and hopefully get something over Christmas.
I like to add value so it'll have to be something a little more run down
Any update on a purchase OTV...?
Hi JT, I did go up a few weeks ago to have a look at a few potential suburbs. Unfortunately (or fortunately?) the morning I flew out to Brisbane we ended up buying a PPOR in Hobart and I promised my broker I wouldn't sign any more contracts
Now I have to wait till my SMSF set up is complete and will be buying something through that. Now that I've had a look around, I think Redcliffe offers more potential than Logan. Demographics seemed better and still low entry price. Train line will help too. If I have enough for a second one, I'll be looking at Ipswich next.
Now I have to wait till my SMSF set up is complete and will be buying something through that. Now that I've had a look around, I think Redcliffe offers more potential than Logan. Demographics seemed better and still low entry price. Train line will help too. If I have enough for a second one, I'll be looking at Ipswich next.
Hi JT, I did go up a few weeks ago to have a look at a few potential suburbs. Unfortunately (or fortunately?) the morning I flew out to Brisbane we ended up buying a PPOR in Hobart and I promised my broker I wouldn't sign any more contracts
Now I have to wait till my SMSF set up is complete and will be buying something through that. Now that I've had a look around, I think Redcliffe offers more potential than Logan. Demographics seemed better and still low entry price. Train line will help too. If I have enough for a second one, I'll be looking at Ipswich next.
Congratulations on the new PPOR mate
We did similar with our super and rolled over into a SMSF which holds the Ipswich property. Great strategy.
Redcliffe was high on my list as well so I think it's a good choice. When I was completing my DD on the peninsula I found some really great properties from Clontarf right up to Scarborough depending on your strategy.
Good sized blocks with very high land value.
Reminds me of the Northern Beaches down here in Sydney only not really taken off yet.
Best of luck OTV keep us posted mate I'd be very interested to see what you eventually got into... Redcliffe is a no brainer IMO
Thanks JT
I liked Clontarf a lot actually, that'll be my first pick of the bunch. Not sure whether it's picked up now that Christmas is over but I went to an auction while I was there at the LJ Hooker office and the room was full of people but most were just watching. Only two out of five properties sold and one was at a decent loss to its previous sale price. So hopefully I still have a little time up my sleeve
Rather than hijacking this thread I might pm you if I get to looking at Ipswich if you don't mind. Cheers!
I liked Clontarf a lot actually, that'll be my first pick of the bunch. Not sure whether it's picked up now that Christmas is over but I went to an auction while I was there at the LJ Hooker office and the room was full of people but most were just watching. Only two out of five properties sold and one was at a decent loss to its previous sale price. So hopefully I still have a little time up my sleeve
Rather than hijacking this thread I might pm you if I get to looking at Ipswich if you don't mind. Cheers!
I think you may have just invented a new word there Rolf. Soburb: where SOBs live.
Thanks JT
Rather than hijacking this thread I might pm you if I get to looking at Ipswich if you don't mind. Cheers!
No problems OTV always happy to help out just let me know
