Haven’t thought of a venue as yet. Just wanted to find out first, if there was any interest, which of course there is.

Some where nice goes without saying. Some suggestions would be great. Maybe the Quarry at Salamanca or IXL Henry Jones hotel (The long bar) or if you know of any pubs with good counter meals.

Cheers. [smiling]

Let me know how it all goes.

Cheers
Mk2r [exhappy]

That’s great. We may even be able to organize something before Christmas.

Talk soon. [thumbsupanim]

For the money you’ll spend down there, you would be better off buying the same closer to the city.

My recommendations are buying anything around the $230,000-$280,000 mark in the surronding streets of this estate…[Read more]

Give Cairns a try. I bought a $83,000 1 bedder unit up there in Nov’04 and now getting $160p/w rent. Even though I bought it in November, there are still good deals to be done.

But make sure your able to gain finance for a property under 50m2.

Regards,

Mk2r [smiling]

My opinion is, it really depends on your situation.

Even though I agree with Steve’s philosophy, it’s becoming harder and harder to find properties meeting the 11 second rule but they are still out there.

I believe in a balance of both.

If your young enough and have a good secure salary, why not go for negative geared to start…[Read more]

I don’t know where each of you have been looking but it’s not the same place as I. I have had a lot of success in Cairns in the last 6 months.

For example.

Nov 04
$83,000 one bedder,full furnished
currently rented @ $150 p/w

Jan 05
$85,000 one bedder,fully furnished
currently rented @ $140 p/w

And I am currently settling on two…[Read more]

At the top end of the market this maybe true. At the moment Cairns is being flooded with new apartments due for completion in about 6-12months time. But buying in at the bottom end of the market should be ok. Figures releasted about 1 month ago perdict growth in Cairns in the next 20 years to be better than S/E Qld.

Will be…[Read more]

If your thinking of employing the services of a Property Manager to look after your property, they should inspect the property, let you know what the likely weekly rent will be for the area taking into account the physical aptitudes of the property and the current market and what you would need to do to improve the property to gain more…[Read more]

You haven’t mentioned what your property at Thornbury would rent for. Have you had a rental appraisal done? And add that to your income less property management fees, land lord insurance etc etc.

Guy.[smiling]

Sorry to hear about your troubles.
If you have to sell, have you thought about selling it yourself. You may consider this to hard considering you are living in Sydney. If this interests you, have a read of Real Estate Without Agents, (I think thats the correct title) it’s by Terry Ryder.

Also if your worried about whether the agents…[Read more]

Sorry you missed these ones.[glum2]

Guy.[smiling]

Last week it was stated on the local news that Cairns area will grow faster in the next 20 years than…[Read more]

My advice is to buy in areas where the the government is spending money on up grading the bases.

Cairns navy base has been approved for a big upgrade so to be able to accomodate the new Armidale Patrol Boats. There will be more personnel posted to Cairns and the area in figures released last week is to grow…[Read more]

I would be looking at Cairns.
1 bedroom units are around $85,000-$100,000 mark and renting from $130-$160 p/w. Not cash flow positive but not far from it.

The other night on the local Cairns news it was reported that Cairns area will grow faster in the next 20 years than South East Qld.

Rents are on the way up due to the shortage of…[Read more]

I have recently read $10 Million Property Portfolio in just 10 years by Peter Spann.

In one of his chapters, he suggests you meet the town planner for the area in which you are looking to buy in. Ask him questions on up and coming developments etc. He even suggested taking him/her out to lunch to pick their brains and get to…[Read more]

Falling head over turkey. I’ve never seen a turkey around when I have fallen over. If I did, it would be something to blame it on I guess.

oh my hat! What about your hat.

Bob’s your uncle. No he’s not

He’s a cracker. Does that mean if you put a light to him he would blow up? [confused2]

I am currently living here in Cairns. I have just bought a 1 bed unit for $83,000 renting @ $150p/w. It doesn’t meet the 11 second rule but it’s not that far from it.

Another one I am looking at, at Edmonton (15mins south of Cairns) is for $79,000 and renting at $140p/w.

I think Carins is worth a look if you haven’t any problems in…[Read more]

Try http://www.theinvestorsclub.com.au
They have several groups and meetings all over the country. They specialize mainly in negative gearing though.