[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

September 12, 2011 - 3:29 am

icegoffy wrote:

Thanks Lisa, its always great to have someone on the ground to give some honest to goodness advice. I am sure for the council to give permit to the builder, it must have already done all the necessary homework on the builder/developer, and also since this developer doing the Garden Plaza is also developing the shopping and carparks in 5 stages, it does indicate that they are not just in for the quick profit, but also for overall wellbeing of the local residents. Just on the wet season thingy, how likely do you think that area around Garden Plaza is proned to flooding?

Hi Icegoffy, it will never flood – Dysart physically can't flood, the town is built on a crest with creeks close enough for quick runoff but with banks high enough that they will never overflow.  The bridges go under during a good wet season for a few hours but they were built much lower than the banks.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

September 6, 2011 - 12:45 pm

shoooshoo wrote:

hi lisa, thanks for your replying to me in the post, do you know what is happening in the blackwater area? considering buying there also.

Hi Shoooshoo, I don't know much about Blackwater at all, my main concern would be it's proximity to Emerald and the fact that it has always lagged behind Moranbah and Dysart quite significantly.

If I were buying more property in a mining town it would be either Dysart or Moranbah.  Dysart because it is effectively landlocked except for the area that is being released by a local landholder and I honestly don't see him releasing any more.  I know for a fact that BMA are expanding their existing mines (and Saraji has some of the best coal in Australia for steelmaking), that the Thiess-run Lake Vermont Mine is expanding and that there is a new mine (Saraji East or New Saraji) that should be up and running in the next couple of years.  Also, there are very lengthy waiting lists for current BMA employees waiting for a Company house.  The majority of new employees with families either relocate their families immediately to private rentals until a Company house is available or stay at the camp and relocate their family once they get their house.  The majority of families prefer not to do the DIDO thing and relocate here and many of those who try at first end up relocating to Dysart and keeping the family together.

Moranbah – does not have a huge amount of land left to develop and the sheer number of mines that are already operating and earmarked for the area over the next few years, along with a high number of owner/occupiers will guarantee a very strong housing market as long as there is a demand for coal ….. also Macca's is opening there and I wouldn't be suprised to see some other big name brands like Harvey Norman head that way too.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

September 6, 2011 - 12:08 pm

shoooshoo wrote:

Prattman77 wrote:

Carla may well be right, I am just going on what we have 'enjoyed'.  Monthly updates of 'just one more month, due to (insert lame reason here)'.  I recognised the pictures of the plan on her website as the same as the ones we bought.  The two developments appear to be back-to-back on to Queen Elizabeth Drive bordering the shops I mentioned.  Send the plans if you wish, and I can send you some pics of the building site, due for completion… next month.

i have sent you a PM with my email. how is it that you got a lease for 2 years, before it even finishes?

Shoooshoo, these units that you are looking at are different to the ones into which Prattman77 bought.  We have 2 shopping centres in town, one is Jacaranda Court around which have been built the units that Prattman77 bought and the other shopping centre is Garden Plaza Shopping Centre where your units of interest are going to be built.  These shopping centres are approx 500m apart so certainly not back-to-back and are definitely owned by different people.  The "Jacaranda Court" units had some delays with council as certain DA conditions weren't followed and they were also delayed a good 4-5 months with our wet season which came early and lasted a long time this year.  The "Garden Plaza Shopping Centre" units, I believe, will be pushed along a little faster, particularly by council, as my understanding of the DA is that they can build a first stage of units, they then have to do a cosmetic reno of the shopping centre, they can then build a second stage of units and then have to do a major reno and expansion of the centre – which is where the $40mil mentioned in Carla's ad comes into it.  The whole of the town, council and BMA included, is screaming out for this shopping centre to be reno'd/upgraded so the owners will be feeling some pressure to expedite building.

I have lived in Dysart for over 30 years and therefore have ridden many highs and lows and one thing I can say is that yes, the mining industry is cyclical, as all markets are, but every time we have come from a low to a high, that high is greater than the previous one and with each high comes the need for additional housing.

Hope this clears things up a little.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

August 31, 2011 - 1:51 pm

shoooshoo wrote:

hey guys, what are your thoughts on this: http://www.dailymercury.com.au/story/2011/03/11/expansion-plan-opens-more-land-for-housing-mackay/ its about the Issac Shire council giving green light the for Dysart to expand with 50-60hectares of residential lots. how many houses can you put on that amount? and what do you think is the impact to the property market there as i'm researching to buy there, although its very hard to find anything to buy there.

Hi Shoooshoo, this area is broken into 2 sections – 1 will be larger lots (I think it was 5000m2 up to a couple of acres) and the other section will be 800-2000m2 lots so from memory I worked out that it will only be approx 300 lots in total.  This is only in infant stage and will take a couple of years for first land release as it is literally virgin bush.  Meanwhile, the mines continue to expand not only their own employee numbers but contractor numbers as well and the MAC Camp is consistently overbooked.  I have heard of contractors being accommodated at Coppabella and Nebo and commuting to and fro every day because threre is nothing available here.  Another thing to take into account is that in approx 2 years another mine (Saraji East or New Saraji) will be commencing which I believe will absorb any new housing along with the additional employees at the current mines.  Another thing to take into account is that there is a LOT of exploration drilling going on around here at the moment – I have never seen so much activity.  Middlemount is the closest town and is majority owned by Anglo/Capcoal so nothing available there for anything else new that comes to fruition from all of this exploration.

Hope this helps from someone "on the ground".

Cheers

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

September 28, 2010 - 5:11 am

Hi Doogs

Definitely research the areas that flood – Rocky is prone to this and we are set for a real wet season this year.  There are also some very rough areas in Rocky so look into this also.

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

September 28, 2010 - 4:58 am

Hi, just wondering if you went to Dysart etc and what you thought.

Thanks

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

September 28, 2010 - 4:58 am

Hi, just wondering if you went to Dysart etc and what you thought.

Thanks

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 27, 2006 - 2:55 pm

There is a mortician in either Banyo or a nearby suburb of Brisbane who’s surname is Skinner![lmao]

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 27, 2006 - 2:49 pm

Hi Dinah

Congratulations.

I was wondering if you could share with us what the REAs pointed out?

Thanks

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 26, 2006 - 4:47 pm

We have involved our eldest daughter (4) in our property investing so far. As we self manage, she comes with us to see new tenants, clean IPs, do minor maintenance and she now understands that these people are helping to pay for mum to quit work and spend more time with her and little sis (ie buying lifestyle). She is really good at spotting For Sale signs in yards as we do the rounds. (Also a great way to keep her content too

I would like to think that we will continue her education in all aspects of money, incoming and outgoing.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 26, 2006 - 4:26 pm

My dad tells the story of a teacher name Adrian Twit and at the start of each year he would write his name on the board for the class.

I am A Twit. You will call me Mr Twit.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 26, 2006 - 2:42 pm

Great to hear some successful stories coming through – congratulations everyone!! I had a great day yesterday signing a contract on an IP at $235K rented at $550 per week to a company until November!! Have made instant $40K equity as most houses here are being sold at the 11 second 10% rate. Aah, the pros of being an area specialist!!

Was very timely as my husband and I were starting to despair that we would ever move on to our next IP ….. kept getting beaten to the punch!!

Onward and upward!! [medieval]

Cheers

Lisa

PS – thanks for the A ha moment Steve!!

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 19, 2006 - 7:26 am

Hi Nathan

It seems too neat that your management fees and costs equate to exactly 4 wks rent. I’d say that your property managers are either shonky or like alot of people who think that if they times a weekly figure by four that they will end up with the monthly figure. What they don’t take into account are the extra couple of days at the end of each month (4×7=28 and most months are 30/31 days) which equate to an extra week every 3 months ie 13wks/3mths not 12. The correct way to get the monthly figure is to times the weekly by 52 and divide by 12 (ie 260 x 52 = 13,520 / 12 = 1,126/mth)

So either your manager is shonky or they can’t add up!!

Good luck

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 16, 2006 - 5:29 am

Clones – talk about enticing someone to crash and burn!!!

Sweet – Please do not despair, there ARE 11 second solution properties out there, you just have to go to the regional areas. Tenants may be at a premium in these areas but you need to think outside the square to attract and then retain them. Perhaps offer a week’s free/discounted rent or reduce the rent so that it’s under market value (it can be increased later) and then keep the tenants with small inexpensive items like the odd movie ticket etc.

Cynicism is the death of optimism which you need in this market to keep looking.

Perhaps also as a suggestion, you should chose an area in your locality, become an area specialist and then the opportunities will abound for renos and value adding.

Keep you chin up and keep looking!

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 16, 2006 - 5:06 am

Hi JES

Looks like you really knew where you wanted to go and just needed to get it all down in order to take a step back.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 15, 2006 - 8:05 am

Hi

We bought off the plan mid 2005 for settlement in late 2007. I feel confident as this project is the first in this area (riverside and CBD) so it was a case of position, position, position in a very booming town with huge incomes. We are very confident that we can sell at a profit very close to the time of settlement.

Not sure what your circumstances are but I believe if it all adds up and you can afford to cover the interest costs on the deposit until settlement, go for it!!

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 15, 2006 - 7:57 am

Hi Matt

I’m only 31 (don’t feel older than 25-26 though) and didn’t expect to be classed as “Senior” just yet

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

January 4, 2006 - 11:52 pm

Hi Mini

I was really starting to despair recently as I live remotely and found myself jumping from town to town looking (on the net) for suitable properties and realising that I was becoming a jack of all trades and master of none. Thanks for making me realise that as long as I choose one area and research, research, research, I will eventually have success in finding that property!!!

You’re a champ.

Cheers

Lisa

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

December 3, 2004 - 1:56 pm

Hiya

Thanks for all the replies … especially LifeX for answering my question.

I should perhaps have explained the situation more fully …. I actually live in this town and have done so for 25 years (most of you assumed that this was a long distance thing!!). There is a huge demand for housing here and I know that very little is being built. These two IPs are the only two for rent in the entire town. The surrounding towns are also booming and will do for some time.

I have the National Bank chasing one house and another equally reputable and secure company wanting both houses for long term (13mths NAB and 2-3yrs the other Co) guaranteed rents.

Don’t really see the need to worry as implied by replies I received! Have your opinions changed or does the investment still seem risky to you (would really like your experienced opinion)??!!

Landt64 – will fill you in more once we have purchased two more properties in return for equivalent info!!!

Cheers

Lisa[wink]

[camnlisaParticipant@camnlisaJoin Date: 2004Post Count: 21]

December 2, 2004 - 6:54 pm

It is never a time for doom and gloom because there is always money to be made. I have noticed that for the last 20yrs at least, property and the sharemarket have moved in opposing cycles. Look at the poor sharemarket performance during the recent (last 3-4 years) property rise.

At the moment the property market seems to be easing and the sharemarket is rising. The resources sector is really helping to push the market up and is expected to do so until approx 2008 when it will ease. By my theory (and is only a layman’s opinion) the housing market will continue to drop until then (2008) and for a year or two more until the sharemarket is dropping, not just easing, and property will then commence to rise again.

If you like the thought of a balanced portfolio, now would be a good time to invest in bluechip resource shares and gold for the next 3-4 years and make a lot more money than what a bank can offer until the next real buying opportunities arise. Not saying there aren’t property opps at the moment, just scarcer!!

Lisa[cap]

Lisa Osmotherly