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You saved yourself a lot of grief and money. Steer clear of these guys. Queensland is not the place to invest in real estate.
Hi Benny,
thanks for the reply. I know of quiet a few people who have bought in Queensland, Not from the same company I did. They all have the same problem, cant get their money back. From the research I have done since, there is too much over development in Queensland and not enough demand, hence the very poor returns on investments. Governments are trying to drive the price of housing down as its a vote winner. As long as this continues in QLD, investors are going to lose out. I haven’t had one favorable reply about QLD investing on any of the websites Ive joined.
I was recommended by a friend to go with this company. I was suckered into buying a new property in Queensland. I should have stuck with Melbourne. The salesperson I dealt with who no longer works there, lied about costs and how the loans would be structured. I just wish I had the figures checked by an independent accountant first and I would have walked away from this. Whatever you do, DO NOT buy into Queensland unless you want to throw your money away. After 8 years I had to sell my property and made a massive loss. I’ve now had to push out my retirement by years just to be free of debt because of this disaster. Queensland is not a good investment as there is a massive over supply of apartments and units, some sitting vacant as investors struggle to find decent tenants and absolutely no return on your investment. Put your money into super instead, I wish I had.
I got stung by these people and lost money on my so called investment property selling at a loss. I regret ever hearing about them from a now ex-friend, although she bought a property in Melbourne western suburbs and the property is making a profit. I got suckered into an overpriced Queensland property. Avoid these people at all costs ,
