"Others may disagree with me, however Toowoomba has a lot more going for it. Yields will be circa 5-7% depending on the calibre of suburb and type of dwelling"
Hi Playa thank you for your comments i really appreciate it.
Yes, you are correct, this is my first investment and the reason why I looked into Chinchilla is due to the property market growth in the area for the past 3-5 years - ave of about 8-10% grown (this is from the PRD Data).
The projected growth is from reading the Surat Basin reports -generated by the local councils, talking to the real estate agency in the town (& Yes I know that you are probably going to say dont listen to them, however i like to get a feel of what they are saying and comparing it agianst what is being published). Looking at what is going to happen in the town - such as LNG gas which will be going on for the next 20years post 2015...not to mention that Origin energy has engaged Surat Basin Homes to construct homes for their employees and are offerring 5-10 years...it just seems to be a place to 'geet in while you can' - I understand some comments about missing the boat....which boat was it that i missed?
I must also point out that my investment strategy is only for about 3years...
Toowomba is certainly a better option, however, given that Maccas, BCF, KFC, Woolworths have all invested in Chinchilla - doesnt that say something?
looking foward for your comments as you seem to be honest and have substance to your replies. Thank you.