Total Members: 158,540

gfreer

  • gfreer replied to the topic Top Suburbs for property investing in Brisbane in the forum Help Needed! 10 years, 4 months ago

    Chermside compares with Melbourne's Box Hill or Sydney's Chatswood (with the same growth potential being similar distance to CBD and an expanding retail centre)
    Nundah/Toombul has proven performance since recommending this location in 2005 (based on prospect of improved travel times with the Airport Link)
    Inner South has further growth potential…[Read more]

  • gfreer replied to the topic property sourcer yay or nay? in the forum Help Needed! 10 years, 4 months ago

    Hi GL, below are my responses in CAPS

    1) When are you most likely to use a property sourcer? OUT OF FAMILIAR AREA, SPECIALIST PRODUCT TYPE SOUGHT (EG. NRAS), NO TIME/INCLINATION FOR RESEARCH
    2) What attributes do you look for before committing to working with a sourcer? TRACK RECORD, EXPERIENCE , INTEGRITY, COMMUNICATION SKILL

    3) When are you…[Read more]

  • gfreer replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 12 years ago

    Agree with Catalyst on questionable strategy of trading off capital growth for reliable yield in serviced apartments. Your resale potential is limited (selling only to other investors).  Current recommendations for C+ve are Orange (based on expansion of Cadia Gold mine) and Bowen based on $9b upgrade of Abbott Point to 8 coal loading docks and a m…[Read more]

  • Bowen looks like it will  finally have the long awaited boom with big influx of workers expected later in the year.  Abbot Point $10b redevelopment going ahead (20mins north) and expanded rail link to Bowen and new rail link to Galilee basin coal mines being built by Gina Rinehart and Clive Palmer.

  • Surprisingly there are still many areas to invest where property prices are not nine times average wage and certainly not 9 x local wage.  Still we are all likely more prudent after the US and UK experience.  

  • gfreer replied to the topic real esate seminars in Sydney ? in the forum Help Needed! 12 years, 3 months ago

    Why not look at Steve's course? Free evening seminars coming up in Sydney eg PacificEastcoast 15.2.2012 and Residential Property Advisors 16.2.2012 but you need to be invited as they have Advisor and Client model (ie. they are selling properties in Sydney and interstate).

  • gfreer replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 12 years, 5 months ago

    Von Krumm wrote:
    Thanks for your words clint, I believe you have summed up the crux of CF properties vs neg. geared very well.

    Kiwi Property Guy wrote:
    considering the growth potential of an investment is of course important.

    How important is this? If I'm not mistaken housing prices could drop say 10% for instance while rental returns remain…[Read more]

  • gfreer replied to the topic 55 years – too old for PI? in the forum Help Needed! 12 years, 7 months ago

    TarliI have already turned 55 and still acquiring – last one was off-plan projection is 10%pa and so cashflow positive .  My biggest regret was selling CF+ve Potts Point, Epping (Vic) and Manly Vale properties post GFC to de-leverage against my better judgement (ex banker's  conservativism and excessively prudent business partner)

  • gfreer replied to the topic Want to become my mentor? in the forum Help Needed! 12 years, 7 months ago

    Likewise, happy to chat and help if i can. Experienced investro and mentor having transacted in every capital city (except Hobart) and Auckland in NZ.

  • gfreer replied to the topic 55 years – too old for PI? in the forum Help Needed! 12 years, 7 months ago

    Cashflow is good with Central Qld investment mining town, not so good on Capital Growth. PM me for details

  • gfreer replied to the topic Recommend a good conveyancer in the northen beaches? in the forum Help Needed! 12 years, 7 months ago

    Yes agree with Scott as clients have reported good experience with Mel Ciampa (West Ryde) 0400 22 0155. For Northern Beaches have good feedback on Harry Bundock (Newport) 99970888.

  • Both Mackay and Gladstone will deliver solid rental returns due to the influx of construction and mining workers in these locations. There may be better potential for capital growth in neighbouring towns due to affordability issues (ie. too late to catch the steep growth curve). I have identified affordable opps in Bowen for eg. (20mins south of…[Read more]

  • gfreer replied to the topic Gladstone in the forum Help Needed! 12 years, 7 months ago

    Curtis Island recommended demand is going to escalate with influx of workers over next few years…$72B was committed previously to Liquid Natural gas (LNG) plus Origin Energy’s $US14Bn reported in July, Three major oil and gas projects to each create 6,000 new jobs. Source: Australian Financial Review – 29th July 2011.  

  • gfreer replied to the topic Answers to “Where to Find CF+ Deals” in the forum It is still possible to find 12 years, 7 months ago

    It is still possible to find Cashflow positive properties (CF+). Regional areas mainly, which can mean greater risk especially if population is small and employment is concentrated in one or two industries.

  • gfreer replied to the topic confused and needing confidence in the forum Help Needed! 12 years, 7 months ago

    You could consider a JV with another family member on a residential investment property. Bowen recommended due to affordable entry point and rail and (Abbot Point) port construction projects in pipeline to support Bowen and Galilee basin mining boom .

  • gfreer replied to the topic House and Land in Mt Low (near Townsville) in the forum Help Needed! 12 years, 7 months ago

    Some large estates being rolled out but then there is huge population growth expected as well so take up will be strong. There was also some NRAS in Mount Low/Burdell area selling last year. Anyone on the forum buying here might want to feed back

  • gfreer replied to the topic Price of Built in Robes in the forum Value Adding 12 years, 7 months ago

    Recently had triple mirrored doors installed in one of my properties on Sydney's northern beaches for $1200. Custom designed shelving and hanging racks.

  • gfreer replied to the topic NRAS scheme Victoria in the forum Help Needed! 12 years, 7 months ago

    These are serious concerns. I have been investigating NRAS opps for clients and would appreciate knowing which ones to avoid. Having worked for 5yrs as NSW Regional Manager for a firm of property specialist accountants based in Melbourne that negotiate early access to good projects, I can say that it is particularly important to look at the t…[Read more]

  • gfreer replied to the topic Buyers Agent in Melbourne in the forum Help Needed! 12 years, 7 months ago

    Residex predicts 8% pa growth for Shepparton and Mildura over the next few years. Typically when Melbourne house prices peak, there is a move to Victorian regional cities, driven by affordability…until of course the increased demand also creates house price inflation in these places as well.

gfreer

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