Terry Ryder's 5 top hot spots in regional Queensland
- Thread starter Nth Brisbanite
- Start date
Crouching Tiger Hidden Fish
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.
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.
Even though Orange's hotspot days have flown, there are still some bargains if you keep your eye on the area once in a while.
I agree that Toowoomba is a good place to keep an eye on and research the proeprties there.
I agree that Toowoomba is a good place to keep an eye on and research the proeprties there.
Signs of Life?
Toowoomba still chugging along - still quite happy with our IP... have delayed some reno work due to lack of cashflow - but otherwise looking good.
Was out in Chinchilla last weekend (Chinchilla melon Festival!)... developers spruiking H&L in the mid 400's. Too scary for me - but i'm sure someone might make money. The developers will for sure
Read this about Charters Towers a few days back... maybe... just maybe better times are in sight.
http://www.abc.net.au/rural/news/content/201302/s3691107.htm
Toowoomba still chugging along - still quite happy with our IP... have delayed some reno work due to lack of cashflow - but otherwise looking good.
Was out in Chinchilla last weekend (Chinchilla melon Festival!)... developers spruiking H&L in the mid 400's. Too scary for me - but i'm sure someone might make money. The developers will for sure
Read this about Charters Towers a few days back... maybe... just maybe better times are in sight.
http://www.abc.net.au/rural/news/content/201302/s3691107.htm
I have an ip in ballarat
And I would think it has the most potential out of most/all of Victorian towns, however, I don't see much potential for cg in the next 3 to 5'years
I see loads more potential in nsw and qld
Nothing driving most of Victoria, mining, economy, migration,
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
So what are you going to do differently over the next 7 years
The systems works on an increased volume of sales, and if you look at the history it is typically areas that have been rezoned. For example if you look at an area like Moorooka in Brisbane that had a change in neighbourhood plan which allowed for rezoning to LMR, there was a rapid increase in property prices as a result of developers moving in, followed by a massive increase in volume, as what was one or two house lots was turned into 20 units.
This video is from Robert Kiyosaki on Good Debt vs Bad Debt but he touches on CF vs CG.
https://www.youtube.com/watch?v=rQJAL1PFL8k
Essentially he says CG is speculation. No one can tell you when a place will go/down or by how much.
Go for CF first, so you can hold the properties and then the CG will be gravy on top.
https://www.youtube.com/watch?v=rQJAL1PFL8k
Essentially he says CG is speculation. No one can tell you when a place will go/down or by how much.
Go for CF first, so you can hold the properties and then the CG will be gravy on top.
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 !
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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 ...
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 ...
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
Sounds like you're doing fine ..... keep looking for the next one.
All the best
Mystery
I'll second that prices seem to have increased by more than 3.7%pa (3yrs). Maybe perspective is more dependent on your entry point into the market?
All about a balance portfolio.
You can't just stick with all CG or all RY....need a fine balance based on your current and future income/ lifestyle and family changes.
Every 1 CG property i buy ( Mainly Sydney) i would buy 3 RY in big regional towns for the RY to balance out the CG lost.
So as Michael X said...RY is cash flow and set as of today, should it have GC that's just a bonus....however you really do need to add at least 1-2 good CG property to your portfilio so that you have the ability to keep on growing financially ( Ie equity/ deposit).
You can't just stick with all CG or all RY....need a fine balance based on your current and future income/ lifestyle and family changes.
Every 1 CG property i buy ( Mainly Sydney) i would buy 3 RY in big regional towns for the RY to balance out the CG lost.
So as Michael X said...RY is cash flow and set as of today, should it have GC that's just a bonus....however you really do need to add at least 1-2 good CG property to your portfilio so that you have the ability to keep on growing financially ( Ie equity/ deposit).
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.
For vic overt the last couple of years is been. Ballarat. Bendigo. Melton. Latrobe valley as hot spots
That's 0 out of 4! Yeah some expert
And to those that are going to say, well it might boom a bit later and then I'd have egg on my face. If an expert is good to predict a hot suburb. Id expecta 80% hitrate with the worst case scenario as average growth.
Sadly, the y don't come close
Terry Ryder has been spruiking bad investment area's for capital growth since 2011 he wrote another article last month spruiking Berwick and other area's again (he said the same about Berwick in 2011), and despite the population here booming (busier and worse now) capital growth has been a measly 2.44% here since 2010.
Now with people priced out of the city he's spruiking these outer suburbs again.. if he says it every 3yrs he's bound to hit the right time in the cycle at one point
Now with people priced out of the city he's spruiking these outer suburbs again.. if he says it every 3yrs he's bound to hit the right time in the cycle at one point
