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  • Profile photo of lizzie.jameslizzie.james
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    @lizzie.james
    Join Date: 2011
    Post Count: 7

    Hi Richard, thanks very much. Please feel free to send me Andrew’s contact details.

    I attended a workshop held by Property Women yesterday and interestingly met a lady who had bad experience buying OTP from another investment company. The property did nothing for her since 2004.. Thanks all of you who gave your 2 cents.. it gives me a better perspective on how to embark the journey of investing.

    Profile photo of lizzie.jameslizzie.james
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    @lizzie.james
    Join Date: 2011
    Post Count: 7
    lbluedento wrote:
    Has anyone done this? I am trying to decide if it is worth doing the Brilliant program or the RESULTS mentoring program.

    Hi Ibluedento, have you attended the Brilliant program at property women? If so, can you share your opinions on it? Thank you.

    Profile photo of lizzie.jameslizzie.james
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    @lizzie.james
    Join Date: 2011
    Post Count: 7
    nguli wrote:
    Hi Lizzie,

    What is making you go for a 2 bedroom appartment in Townsville?

    Just I have been researching Townsville for a good few Months now and for that same price you can pick up a 4 bed 2 bath house in a nice suburb. Minus the body corporate fees.

    Cheers,
    Nathan

    Thanks Nathan, that gives me a good idea on the prices. :-)

    Profile photo of lizzie.jameslizzie.james
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    @lizzie.james
    Join Date: 2011
    Post Count: 7

    Hi Richard, Jack and Josh,

    Thanks very much for all your insights. I too believe I must do ample research before venturing into our first investment. I had been checking government websites and talking to a few people who are familiar with investing in Townsville and Brisbane. Interesting thing is I got all sorts of advices…some even contradicting. So you’re right.. developing one’s own strategy is really important.

    Obviously the above steps I had taken are not enough. Earlier today I had another discussion with my husband, we decided to hold off and educate ourselves more. After reading your comments, I am even more convinced we should better equip ourselves rather than trusting in an investment group blindly. Its not to say those groups could be bad or good.. it is more about taking things into our own hands and like you said be responsible for it. Its not an easy journey since my husband and I are so new to these. if you guys do know of reliable workshops or seminars in Sydney, please let me know.

    In addition, if you don’t mind, can you all share here about your own personal strategies based on your financial situation?

    Again, thanks for replying my thread! I really appreciate your time.

    Profile photo of lizzie.jameslizzie.james
    Member
    @lizzie.james
    Join Date: 2011
    Post Count: 7

    Richard and Nathan, I did hear from another member on this forum that I should negotiate for a better price based on the current market. I will have to talk to Blue Wealth, the property investment company who recommended the apartment.

    Gotta say this is pretty tough as I’m new to property investment and I am located in Sydney..

    WJ Hooker, thanks for giving me a good idea of the house prices in Townsville. I will carefully weigh in all factors. There’s an article I read that says properties in Queensland will continue to slump and may never recover in 20 years. I’m really not sure how true that is. People are always predicting a crash in properties:
    http://www.moneymorning.com.au/20111010/queensland-housings-100-year-slump.html
    http://www.moneymorning.com.au/20110829/aussie-house-price-falls-start-to-bite.html

    I wonder if we end up talking ourselves into doom..

    Profile photo of lizzie.jameslizzie.james
    Member
    @lizzie.james
    Join Date: 2011
    Post Count: 7

    Hey Richard,

    The Bowen Hills property in CBD Brisbane is off the plan. It is a 1 Bedroom of 55.0m square that cost about $381,000.

    The Idalia Townsville one is also off the plan. It is a 2 bedroom apartment $359,000 for a total of 87.24m square.

    Cheers

Viewing 6 posts - 1 through 6 (of 6 total)