[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

February 1, 2013 - 11:17 pm

Anybody finding cashflow neutral (or positive) properties in Townsville with the cost of rates @ 3k and insurance not much better?

What kind of prices are you paying, and what kind of rent returns are you receiving?

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 31, 2013 - 11:06 pm

How do you claim back the GST freckle?

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 25, 2013 - 10:14 am

My thoughts on Northshore is that there is too much land available in the immediate area.  There are too many new houses for sale of a similar standard, on similar sized blocks, making them a dime a dozen and causing capital growth to be poor in the immediate future.  Also, I have found yields to be quite low compared to some established places.

In saying that, a PM that I spoke to has informed me that northshore is in demand for tenants at the moment.

My thoughts only.  If someone has a different opinion, let it be known!

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 21, 2013 - 10:20 pm

hey bugeye,

I've lived in the "good" side (other side of Kern Bros) and have also had no problems.

South Townsville would be good if you could find a spot that didn't flood every year!

I agree with the oversupply of units too.  Seriously large apartment buildings going up near the CBD.  If I was to find a good deal for a unit, it would be in a complex of less than 20 anyway.

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 20, 2013 - 12:09 am

What are the extra costs involved in owning a Torrens title duplex compared to a house?

I would assume rates would be the same as they're calculated on land value.  Insurance would be similar too, wouldn't it?

What considerations would you need to take into account if you planned on buying one and then strata titling down the track?

I.e. Seperate water meter and switchboards etc.

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 20, 2013 - 12:06 am

Jamie M wrote:

A property with a granny flat is also likely to attract a smaller buyer pool when you decide to sell up.

Cheers

Jamie

Is this for duplexes also?  so this would affect capital gains too?

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 15, 2013 - 1:34 am

Does anyone actually track the success (or not) of these hotspot predictions?

It would be very interesting to see if they are worthwhile or not.  Any opinions on the reports?

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 15, 2013 - 1:31 am

LOL.  After reading all the cons of buying off the plan, it looks like I'll be looking somewhere else.  I'll still see what they have to say though.

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 12, 2013 - 4:36 am

BigCubez,

Where abouts did you meet up with NPA?

Did you end up going with another mob or did you go DIY?

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 11, 2013 - 8:59 am

Does Nathan actually do the sessions?

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 10, 2013 - 11:16 pm

Me too

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 9, 2013 - 8:17 am

$695 enrolment and $3995 for the course according to this link

https://www.propertyinvesting.com/course#

[markintownsvilleMember@markintownsvilleJoin Date: 2013Post Count: 18]

January 4, 2013 - 9:49 am

Thanks for the response guys.

I will definitely be asking for something concrete in regards to their payments before I would go any further with them.  I will also make sure I do some due diligence in regards to the property and any areas that they recommend.

On the plus side, there was no hard sell, no pressure.  I was pretty forceful in telling the consultant what I wanted and didn't allow any BS.

I will see what they come up with in their Statement of Advice and will post excerpts on here if anyone is interested to see.

Has anybody dealt directly with NPA?

keep the comments coming!