[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 17, 2004 - 2:24 am

Hey Matt,
Congratulations!
I’m sure it gets easier from here on.
If you don’t mind me asking, How much did you pay for the property and what area is it in? What type of rent is it returning? I just want to get an idea of rental prices for different areas.

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 11, 2004 - 2:15 pm

Yeah, I can see that houses have boomed up there. It was interesting to see that the prices still seem to be moving though, even with the rise in interest rates.

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 10, 2004 - 9:47 am

Actually while we are on the topic of rockhampton… I will need to find a real estate agent to go through for rent in about 5 months time. The best deals I have found so far are around 9% fees, probabley cause I only have 1 property and can’t cut any deals. Has anybody done better that this?

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 10, 2004 - 9:31 am

Thanks everybody for your replies. Qld’s 007, I bought a house in kent street (the south side close to the town centre) and if this place was to flood, then I think a lot of the town on that side would be in trouble. I had a look at the flood map in harcourts (which is the estate agent I went through) and it seems more like depo hill area that got hit pretty bad last time around.
Is it fair to say that the house price has risen 20% because of the flood of investors that moved in after 0-130 properties and similar books were written?

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 7, 2004 - 1:15 pm

Thanks heaps Kay,
I have found that the practical experience has been the best part of it all. I found that I could only read so many books. I think ive learnt so much more by just giving it a go. The only problem with this purchase is that it is not quite positively geared so it may have been better to still have the money in the bank. I guess time will tell which one is the best option!

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 7, 2004 - 1:07 pm

Dave,
When you say the cup is full, does that mean that you were possibly looking at some more. I think I might have bought one of the ones you were looking at. Kings5 seems to ring a bell. Do you work with Peter. I had a chat to him the other day. He said that he has bought some “pearlers” up there and they have all been rented out no probs.

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

January 7, 2004 - 12:47 pm

Thanks Markpatrick for the encouragement, because believe me I need it at the moment. Do you have property up there?

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

December 17, 2003 - 3:26 am

I would like to have a look aswell..
Thanks for sharing this info with us.
email : [email protected]

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

November 14, 2003 - 12:01 pm

007, thanks for the advice. Looks like I have sparked some capital gains talk and I don’t feel so stupid now. I have put futher info on your email…

[jaapmeenchiMember@jaapmeenchiJoin Date: 2003Post Count: 14]

November 11, 2003 - 3:33 am

What area (geographical) are you looking into Richardo??