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is there a list for sydney that i can have a look?
btw how did u plot on google map? looks awsome:eek:

Haven't got one for Sydney but u should make one! Google best schools in Sydney and plot away. There's some tool called google map engine which again u might have to google
 
Hey Achimy,

So what stage are you up to in your research?

I like the school map its great! Might make some myself.

Also what are your thoughts on this idea? To find the desirable parts of town I search on realestate.com.au for new apartments only in the suburb and see where they cluster. I figure apartments have millions of dollars to lose so they would put a lot of research into the right location.

http://www.realestate.com.au/buy/pr...edcliffe,+qld+4020/map-1?newOrEstablished=new
 
I figure apartments have millions of dollars to lose so they would put a lot of research into the right location.

Not necessarily. It may come down to where they can buy a block of properties together to build the apartments.

It also builds the housing/population density in the immediate area. Also think of your end buyer and what type of property and surrounds they would like to live in.

Good approaches though!
 
Not necessarily. It may come down to where they can buy a block of properties together to build the apartments.

It also builds the housing/population density in the immediate area. Also think of your end buyer and what type of property and surrounds they would like to live in.

Good approaches though!

True they are many factors.

Has anyone thought of Bray Park?

It ticks all the boxes:

Rental Yield: 5.5% (good)
Population Growth: 2% (ok)
Owner Occupancy: 77.3% (great)
Unemployment: 1.9% (great)
Vacancy Rate: 1.8% (good)
DSR Score: 33 (good)

The thing that worries me is a potential for new land supply near by.

I will check for flooding potential.
 
True they are many factors.

Has anyone thought of Bray Park?

It ticks all the boxes:

Rental Yield: 5.5% (good)
Population Growth: 2% (ok)
Owner Occupancy: 77.3% (great)
Unemployment: 1.9% (great)
Vacancy Rate: 1.8% (good)
DSR Score: 33 (good)

These are good figures. Have you checked for infrastructure projects/private business investing in the area. The unemployment rate of the Moreton Bay Regional Council is 6.76%, slightly above the Qld unemployment rate of 6.3%. Certainly seems acceptable, combined with the high o/o rate.
 
Hey Achimy,

So what stage are you up to in your research?

I like the school map its great! Might make some myself.

Also what are your thoughts on this idea? To find the desirable parts of town I search on realestate.com.au for new apartments only in the suburb and see where they cluster. I figure apartments have millions of dollars to lose so they would put a lot of research into the right location.

http://www.realestate.com.au/buy/pr...edcliffe,+qld+4020/map-1?newOrEstablished=new

So I was looking at Beenleigh as a focus for me, given my current circumstances, I might not be able to afford Kippa-ring - as I'd prefer to buy a house as a first investment, until I get more confidence to buy units etc.
(volume of units is kinda skewed in Kippa-ring as I don't want to buy a retirement villa, and buying a townhouse might not be ideal given lack of comparables, so might not satisfy the bank in terms of lending and moving forward). But I will say, 3 bedders sell the most in Kippa-ring. Mix of high sets and low bricks. Low end high-set range is like 300k - 310k.

Beenleigh has solid yields and has the capacity for neutral to positive cash flow, provided I do well in negotiating and networking.
For Beenleigh I noted the bottom, middle and top of the market. Now here is where I might start to not give my whole game away, as it can get a bit competitive. I will however allow you access to my spreadsheet as happy to get your thoughts, pm me your email so I can share the doc with you. Lowest sold I noted was around 250k in beenleigh. Gives an idea of potential to negotiate down to? Some high rentals as well, showing like 380, 360. but most seem to be lower end of the market http://house.ksou.cn/rp.php?q=Beenleigh,+QLD .
I might lose focus over the coming days/weeks as I really need to focus on upping my performance at work. Gotten some rough feedback.

PM me your email, I'll share the spreadsheet with you. Feel free to comment on it.
 
* $300k to get 1 house (obviously that will give land and potentials in future) or $350k for 2 units (I'd think you'll be CF+)?

* http://canberratimes.domain.com.au/...ne-best-for-rental-yields-20140728-zxqc1.html

Article from July 2014. Beenleigh units top yielding at 7.7%.

* http://www.yourinvestmentpropertymag.com.au/top-suburbs/qld-4207-beenleigh.aspx

Units outperforming house at moment (can obviously change in future)

* Just throwing it out there for you Achimy as you said you can't really afford to negative gear
 
* $300k to get 1 house (obviously that will give land and potentials in future) or $350k for 2 units (I'd think you'll be CF+)?

* http://canberratimes.domain.com.au/...ne-best-for-rental-yields-20140728-zxqc1.html

Article from July 2014. Beenleigh units top yielding at 7.7%.

* http://www.yourinvestmentpropertymag.com.au/top-suburbs/qld-4207-beenleigh.aspx

Units outperforming house at moment (can obviously change in future)

* Just throwing it out there for you Achimy as you said you can't really afford to negative gear

Yeah that's fair, but the issue comes down to, when it comes to building wealth, equity is required as a base. I feel there is the potential for oversupply in Brisbane (for units) given the amount of land content available to build on. So it would be wiser for me to buy a property with good land content, for the potential to do it myself in the future. Strata can also have a big impact on cash flow, but this will be all come down to my further due diligence.
 
Yup sounds good mate! And buy unrenovated; slightly below or at median is what I've read as well (?)

Part of the DD I guess would certainly be calculating holding costs...

AND, acquisition costs... you'll be amazed how costs quickly add up...
B&P, solicitor/conveyancing fee, LL/B&C insurance, extra costs associated with the loan, stamp duty ETC ETC
 
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