Chris White replied to the topic Where to invest in Brisbane area under $500k for futre growth potential ? in the forum Help Needed! 5 years, 2 months ago
You have to be careful with these figures – i.e. growth in median prices does always not = actual house price growth. There are a lot of new properties being developed and sold in Park Ridge which pushes up the median sales price but that doesn’t mean that all folk achieved 18% growth on their properties in Park Ridge.
I think you can do better…[Read more]
Chris White replied to the topic Please advise about Bathla Group / Western Sydney / Universal Property Group in the forum Help Needed! 5 years, 3 months ago
Do they work for you the buyer or the developer – always a good starting point.
Chris White replied to the topic Where to invest in Brisbane area under $500k for futre growth potential ? in the forum Help Needed! 5 years, 3 months ago
The only councils that allow dual income properties to be rented independently are Ipswich and Logan Councils and soon to be Moreton Bay.
There are a couple of other things to think about;
1. You are both new to property investing so mistakes will be made. A better situation is to partner up with someone experienced.
2. Its important to have a solicitor draw up a partnership agreement to put some framework around who is doing what in the partnership and for what reward. Believe…[Read more]
Couldn’t you keep contributing money into Super and home loan + also purchase an IP now.
At 5% ++ rental yields and property interest rates around 4.5%, the property would basically look after itself.
Your approx. $80k in current equity (assuming 80% LVR) could be the deposit (inc. costs) on another investment property purchase.
We are buying…[Read more]
We renovated and subdivided this property recently https://youtu.be/Q9NBdTKGzFkand and have a few others lined up to do the same. You don’t need to build a house on the newly created block if you are subdividing the land. Are you subdividing or creating a duplex situation? And is the property on two titles or one?
If the land is one title and…[Read more]
Houses in Brisbane fit that build at the moment, i.e. yield + rising market + land component with add value potential…..
Stay away from units around the city though as there are too many being built and the market is being driven by intestate and overseas investors..buy where the locals buy…..
We’ve done a few and they have always valued at house purchase price + 100% of construction costs.
The first one we put together was in Umina Beach about 3 years ago – $305,000 + $105,000. The rent is $680.00 per week. The clients have just been offered close to $550,000 for it. Super funds are a strong 2nd hand buyer of these dual income…[Read more]
Houses……in Brisbane right now!!
Best of both worlds in Brisbane at the moment – i.e. around 5% yield on good blocks where value can be added.
There is a looming oversupply of units around Brisbane city so avoid those.
We have been buying houses in Brisbane from $300k upwards..
Chris White replied to the topic Best websites and resources to use when researching an area in the forum Help Needed! 5 years, 3 months ago
This is a worthwhile site for property info and the subscription based section provides reasonable desktop valuations. You can subscribe for 1 month or more, so good for property buyers looking for only a short period and not wanting to pay a full RP Data membership.
Not sure about Starr Partners in Merrylands Cassie however, we are based at Norwest if you want to talk about pro-active property management. We manage properties as far as Blacktown currently to the west, Bondi to the East, Central Coast (North) and also soon to be Brisbane.
Guys, in NSW now, you can easily 'create' a cash-flow positive deal – in any location, it just depends how much you want to spend.
See a case study of one that we did – Cash flow positive property deal
You don't have to invest in mining towns and very remote areas (and I am recommend you don't)
Hi Guys Sunday mornings are always a great time to read and contribute to a few posts. To put my 2 cents worth in, an experienced buyer’s agent should: Have extensive knowledge – enabling them to advise their clients about the best areas and streets to buy in and at what price and also those to avoid at any cost. They also should know their w…[Read more]
This previous thread might provide a few more answers for you.
Also, the book “How Investing In Commercial Property Really Works – By Chris Lang & Martin Roth”.
Chris White replied to the topic Aussie off to buy US property – anyone want to join me?? in the forum Overseas Deals 10 years, 12 months ago
Hi MichaelGood luck with your adventures.Have you got any research material on the vacancy rates in these areas, current levels of inventory (empty properties), take up rate per month and general direction of property prices? The US Census publishes regularly on vacancies and home ownership – it would be interesting to see what is happening in the…[Read more]
I do know that there is some good infrastructure proposed for Craigieburn – shopping centres etc………you could also check the same sort of statistics that I listed above for Point Cook to get a better idea. When there are a lot of new houses being built in an area, its a good idea to check how many of them are being taking up by owner o…[Read more]
I would also go with buying an older house at up to $700k. (not too old though, just not new)
You may have to compromise with suburbs depending on where you want to live and also the style of property, house or unit however, the Sydney market is really moving in this price range at present (houses nearly 10% this calender year and units nearly…[Read more]
Sorry, I noticed that it was for an investment property. (not sure what happened with my user name on that last post)
If you go to http://www.investsmart.com.au/ and click on houses or units for NSW and search by median; all suburbs in NSW will be rated by median price from the most expensive to least expensive. If you are after a property that…[Read more]
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