Forum Replies Created
ive read many articles recently from different sources about the property sector, with many having their opinions as to what may happen. Facts are that prices can not escalate like this forever and sooner or later there will be a flattening out of prices,drop , who knows and when. My opinion for what its worth, is that the greed( lets face it and why not) of investors will cause this run to go a little further yet, who knows whether its 1yr, 2yrs,3yrs more or less
as what other alternatives do the majority have.
Any other thoughts out there…HI all,
Has anybody seen the news on the comments made by the rba today? Your opinions.[
]There are numerous sites , eg
realestate.com.au, domain.com.au, ljhooker.com.au,
raywhite.com.au……….
Hi ppl i was just wondering where i could go to look for property on online?
thnks! []Hi ,
Just wondering what areas like Leeman, Geraldton, Lancelin and Bunbury are like.Would you consider investing in any of these areas?
thanks
Michael
Hello to everyone
I am new to this forum and I am finding all the postings very interesting and informative.
We have 4 investments properties and are looking for another.Have recently brought Steves cd”s on property secrets revealed and fast track.It has put another way of doing things in our head.Always going to seminars and reading to get diffent opinions on property investing.We are in a country coastal area 260ks north of Perth and try and do a search of surburbs when time permits.
We recently went to perth and roamed the area of Girrawheen which is about 10Ks.out of perth cbd.
It is’nt the best of areas,but surrounding surburbs are on the move because of rezoning and govt.putting in there bit.We started our trek. of looking at home opens on sat.the first prop.looked okay from front ,inside was a different story.What a dump.That doesnt worry us normally as we love to renovate.Came out and said to agent, “a lot of work to be done here” He came back and said “why bother to renovate,just rent to animals{he means people} just advertise “animals wanted” that is all you will get around here. Just bowl it over later on and develop it.We said we don”t think like that, this is our investment,and a decent tenant also likes somewhere nice to live.What a way to think.Great real estate agent Hey!Can you also email me with your pest inspectors details.
[email protected]
thanks[]
if yoou’re going to spend $100k on property, don’t cheap out on spending $200 for the pest. not worth it.when u do appoint a pest inspector, ask them if they bring along invasive devices along for the pest inspection. the reason being that if they can see mositure and the radat detects movement, with the seller’s permission, a small hole can be drilled (invasive procedure) and the device (usually a long scope) can be used to see wether termites are visible.
quite a number of pest inspectors do not do the invasive procedure when they suspect termite activity. they just write down “further investigation recommended” on the report. in one, case we (i’m an agent) told the pest inspector to use the invasive procedure. his reply was that they don’t normally carry it with them (like a builder without a toolbox) and it will cost an extra $148 to go back to the station, come back and do the investigation.
the building inspector we recommend carries the invasive device and charges $120 for the whole pest inspection (including use of device if required).
as a real esate agent, it is in our interest to look after the buyer (investors) with the hope of getting the management rights. if the buyer is an owner occupier, then we really look after them so they can tell all their neighbours (after they settle down) what a great job we’ve done and how we’ve made the sale process a smooth and pleasureable experience. This “word of mouth” makes it easy for us to get listings.
cheers
i have been doing a lot of reading recently about investing in Qld as i have been a little concerned about the stigma of multi-tiered marketing attached to it. I have also been concerned about the small amount of growth in Qld in general in the past 7 years although things have definitely been on the up recently.
im in Sydney so i do not know much about Melbourne but from various articles and sources i have read previously, they all seem to point to South East Queensland as the place to invest due to reasons such as affordability levels, migration, popularity etc…
Multi tiered marketing overall for Qld property seems to have dropped off although if you do thorough research ( dont rely on slick marketing seminar salespeoples figures) into pricing, growth etc.. you will be better off for it.I recently travelled up and down the SE QLD border and spoke to varios people and have found out that prices began to take off about 12-15months ago but are still relatively cheap compared to Sydney/Melb.
Rental yields also still seem to be attractive in general compared to Sydney yields.From what I can see areas to look out for are (mainly on the coast) Caloundra, Redcliffe, Maroochydoore( alot of work in the cards here), Moololaba, Coolum, Deception Bay,Yeppoon, Tin can bay, Rainbow Beach, Victoria Pt, Wellington Pt,Cleveland. The majority of these areas have a lovely beach/seaside strip and median prices of between $220k-$280k, but there are bargains to be had. Areas such as Yeppoon, Tin Can Bay,Deception Bay and Rainbow Beach have lower median house prices. There are many up and coming suburbs with lower median prices eg Caboolture.
Anyway just some thoughts and hope i have helped but you must do your own research eg ring local councils for future works on the cards(most will help) and visit the area to get a good feel for pricing and structure .
[]
]
]
