Yorker – have to disagree (Again) about Roseberry. Not the best place to be steering people to invest IMO. Do you have a vested interest in Roseberry to declare?

Wez – I don’t think many people will argue with you. This same point (buying purely for cashflow) has been raised ad infinitum, and isn’t rocket science.

You seem a bit angry with the world – the sharemarket is not always the answer if property doesn’t work out. I find it more time intensive than property, with more variables affecting…[Read more]

Most of the specialists I know of do very well in Tas. The shift of specialists is similar to the shift of many skilled workers from country areas to big cities. There is a distinct lack of competition for specialists in Tas and consequently they make very good money.

I’ve always been a fan of properties located in the mall – in my case Launceston. They have long term tenants etc. How is Devonport for commercial?

I’d have to agree with Acey that Incorporator is quite easy to use and explains things as it goes – including assisting with your decision on structure. Give it a go, from memory you don’t pay until you finish so a dry run may help.

Prices vary wildly between states – Tas for instance is around the 200k mark for a detached unit/townhouse with average quality/inclusions – not too bad until you compare with purchasing existing property in the same area.

HI Garry – why not buy a CF+ commercial property?

Based on purchase prices in Roseberry you could not build for anywhere near replacement value. I would suspect a very very long payback period in this town.

Battery Point, East Launceston, Surfers Paradise, Palm Cove and somewhere else to make up 5.

Have used e-tax for the past 2 years and love it. Very easy to use and it saves previous years info where necessary.

Hi Garry,

How did you go? It’s interesting that the stink that this link caused in the beginning has died down, but I haven’t seen any Edenlea reps have a large (any) presence on the boards – unless I have missed a conncetion somewhere.

Been reviewing Economics 101 text books?

Seriously though – most property investors are price takers as they will only realise a price the market is willing to pay. Price makers would really only relate to companies like Meriton or Mirvac who create a vast amount of property and then demand a price which is mostly accepted.

The economic theory…[Read more]

The capitalised word indicates what you may be. Are you an INVESTOR who looks at many different markets or avenues (shares/businesses/start-ups etc) or a PROPERTY investor who only invests in this area.

Not hard to believe at all Yack. Leverage works in all markets, and using margin loans, dividend reinvestment plans and reinvesting other dividends back into shares can quite easily make very good returns.

I congratulate you on your equity position (please note I am not attacking you here) but you didn’t have to be a rocket scientist to make…[Read more]

I’d consider property part of my future but not my whole future. It wasn’t the first thing I invested in, and I have many other areas that interest me.

I have several business ideas kicking around in my head waiting for the full picture to become clear. Creating, building up and either leasing or selling is a keen interest of mine and my…[Read more]

I have just picked up a property that was part of a deceased estate that was being liquidated. I offered as much as I was prepared to pay – the liquidaters aren’t stupid – they get valuations done and compare your offer. Make it too low and you’ll get knocked back.

AS the owner of the property I’d be against it. I let a place to you based on your representations then you go and let to someone else who I may never have wanted as a tenant.

I’d be very surprised if an agent would deal with you knowing your intentions.

I’d have to say we attract a better class of renter by managing privately. It’s just a job to a PM buts its much more to us. We weed out undesirables at first contact – people have to meet our standards (which are high) to get the rental.

One of our properties has perch and roods (or rods) as the measurements on the title, with feet and inches written over it.

Originally posted by Yorker:
Anubis,

how is the region of Davenport?

Yorker – my knowledge is limited really to Hobart and Launceston. I’ve never really liked Devonport or Burnie but I do know of new subdivisions going ahead in Burnie which is a good sign.