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I think Toowoomba is good value. And still possible to create instant equity (although not crazy dollars like in the past).
Local investors playing it safe, or sitting on their hands.. But I know several locals who are active & makign money int he current market.
Ballarat = agreed. has potential.
Orange = I think has flown. Good investment if you bought 3-5 years ago.
Just read in today's Courier Mail about Terry Ryder's 5 top picks in regional Queensland. They were, not in any order, :
Toowoomba
Dalby
Chinchilla
Charters Towers
Barcaldine
I've just signed a contract for a Chinchilla property so am happy to know that it is one of the hot spots. Interesting that 3 of these spots are in the Surat Basin area which many commentators (including Premier Anna Bligh) think will be one of the boom economies in Australia.
What do you think about Ryder's predictions? Haven't checked how his previous predictions have worked.
I have wasted alot of time and money on his reports since 2008. I would say he would have about a 40% strike rate and 60% wrong
Nearly 5 years on from Ryder's predictions
Toowoomba 3.7%pa (3yrs) 3.7%pa (5yrs)
Dalby 2.0% (3yrs) 1.6% (5yrs)
Chinchilla 3.5 (3yrs) 5.4% (5yrs)
Charters Towers (Richmond Hil) -4.7% (3yrs) -1.7%(5yrs)
Barcaldine (nearest is Emerald) -3% (3yrs) 0 (5) -13% in past year.
I have wasted alot of time and money on his reports since 2008. I would say he would have about a 40% strike rate and 60% wrong
Be careful of generalisations mikezen.Pretty sure Toowoomba has gone up a lot more than what you have written here
One of mine has had almost 40% growth in under 2 years
You should never buy in regionals, the cg is terrible !
Be careful of generalisations mikezen.
I bought in Goulburn 2 years ago. In that time it has provided around 15%-20% cg in those 2 years and according to API mag the next 5-8 years will have an average cg of 7%-8% per year.
Regionals are fine if you research and select carefully.
Mystery ...
Sounds like you're doing fine ..... keep looking for the next one.Yes your absolutely right, just irks me when every second person is knocking them
However not a day goes by when I don't wish I had bought 10 of them
Pretty sure Toowoomba has gone up a lot more than what you have written here
One of mine has had almost 40% growth in under 2 years
You should never buy in regionals, the cg is terrible !
Nearly 5 years on from Ryder's predictions
Toowoomba 3.7%pa (3yrs) 3.7%pa (5yrs)
Dalby 2.0% (3yrs) 1.6% (5yrs)
Chinchilla 3.5 (3yrs) 5.4% (5yrs)
Charters Towers (Richmond Hil) -4.7% (3yrs) -1.7%(5yrs)
Barcaldine (nearest is Emerald) -3% (3yrs) 0 (5) -13% in past year.
I have wasted alot of time and money on his reports since 2008. I would say he would have about a 40% strike rate and 60% wrong
It has not helped that mining has gone pear shaped during this period.
Never been keen on TR and his predictions, for that matter any of the property gurus, seriously I have not seen any of these guys pick the top 3, its been hit and miss.