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Thanks guys some great advice there, I have been thinking about looking at west end, Hyde park etc, closet to the CBD, and looking to buy a large block, split and perhaps build 2 units or something on the vacant block. It seems the council are looking favourable at increasing the density in close to the CBD. It does seem you can get a good block under or around the 300k mark.I like the idea if it ever does happen of the vision of the stadium and CBD development that is planned, although there are a lot of large unit developments in this area also.
Obviously this is the other side of town as to where both of you are talking about to which I haven’t given to much thought previously. Interested to hear any comments.Thanks Terry, some things to consider. The business is under a company structure. How would renting a property compare? Say if us and the company were to go 50/50 in the rent for example?
Also how does CGT work if say for e.g. we owned the property for 10 years and say for the first 5 years we were collecting rent from the business?The course is probably around 2 years old.
There is 3 big manuals in the course.
The first manual has in it , I buy property for what you pay for a cup of coffee, fast start guide, mind manual, your blueprint to investing success and a section on the science of getting rich.
The second manual all documents and contracts for different states
The 3rd manual is marketing and business manual. Has all scripts, advertising etc in it.
There is also 7 DVDs of a few different bootcamps and seminars, I would only guess at how many hours are on these.
There is a ton of information in this pack. If you would like anymore info please let me know.Something I am not sure of what are they going to do with the athletes accommodation after the games at parklands? I have heard it may stay for accommodation for the university hospital recently built. This could provide an oversupply of lower range property in the area. Love to hear anyone's thought?
Hi Richard
i would love to read your article too.
thanks Richard.
Thanks for the comments guys, I realize it has been flat for some time and prices have come back quite a bit. I would be looking at 3 bedrooms and a large block, perhaps in the lower price range and basically positively geared. The reason I ask is it does seem quite cheap there but the more I research there seems to be some ok looking areas in Townsville for not much more money, so am I better taking my money to there. Have been to Townsville a few times but don't know it real well from a investing perspective.
A good point about the land surrounding the town, but this is the case with most North QLD towns.
