[max147Member@max147Join Date: 2011Post Count: 3]

October 31, 2011 - 9:02 am

shoooshoo wrote:

hey guys i'm considering buying this unit in Dysart, i have heard that this unit, or maybe something like it, was going for cheaper in the local newspaper. http://www.realestate.com.au/property-apartment-qld-dysart-107626389

shooosho, read this post in the link below.
I was keen on these also as I have an IP in Dysart since 2005.
They were in the paper when I went up there & I was already looking at these units through Carly so I wasn't impressed.
As I said in the post, I have been informed that the guy hasn't got the money atm.
I decided not to go ahead but that's just me.
If I were you I would have a talk to local RE agents for their take on it but of course if they aren't in for a sale they may be prone to be negative on it.

https://www.propertyinvesting.com/forums/property-investing/help-needed/4337447?page=4

[max147Member@max147Join Date: 2011Post Count: 3]

August 15, 2011 - 1:30 pm

Good Tradespeople in Dysart?
Can anyone recommend the following tradespeople for work on IP in Dysart:
– builder
– tiler
– electrician
– floor sander
– carpet layer
– painter  

 I have used an electrical company & a builder both based in Dysart & I am not impressed.
Thanks & regards Max.  

[max147Member@max147Join Date: 2011Post Count: 3]

August 15, 2011 - 1:08 pm

StevieC wrote:

Hi Josh,

you are doing what I'd love to be doing myself if I had the time. I've been thinking about investing in either the Bowen Basin or Surat Valley now for almost a year and I'm ready to do something. There are possibilities for buying properties off the plan in Middlemount and Dysart that would give a 10 to  11% rental yield. The only draw back is that there is a body corporate.
The development in Dysart is for 24 appartments.

Which do you think is the best investment location in these regions? In Surat Basin I've been investigating Roma and Chinchilla. Roma has a better rental yield but some people are saying Chinchilla has much more potential for capital growth.
In your opinion, which is the best location to buy in either the Surat or Bowen Basin areas taking both rental yield and capital growth into account?  It seems that the Surat Basin has much more potential for capital growth than the Bowen Basin. One thing that has made me a bit reluctant to invest in property at this time is the belief that we face a major stock market crash before the end of the year. If that happened, I'm wondering how that would affect investments in these regions.

Steve

I would be careful about the Dysart units. I was offered these by a property website at $425k & found them in the paper up there for $415k. Like most of these projects the developer has to sell so many off the plan before the banks will lend the money & I have heard he is not flush with funds.If he doesnt sell all those units he wont be doing the shopping centre upgrade….I'm assuming these are the units you mean?

Regards Max147