Hi Bruce,

I know you were banned from the somersoft website, I didn’t realise you were given the “flick” from this one…
I’ll just reiterate that both sides clearly have their pros and cons… I personally wouldn’t invest in a tiny country town… regional centres are more my go, because I can’t afford to buy heavily negatively geared places in…[Read more]

Nah won’t be there, I live near Melbourne…

Cheers
r

do they mention which towns you’re going to? I reckon the likes of Parkes, Orange, Forbes, Dubbo will be on the list… anyone else want to make some guesses?

cheers
r

as Mr Burns would say “exxxcceelllent” *whilst rubbing hands*

I thought you were time poor Yack.

Cheers
r

Sorry Bear, but I don’t think Queenstown and Williamstown can be compared at all… and I don’t think tourists pencil in Williamstown when they’re considering where to go in Melbourne…

And Sea Change was mainly filmed at Barwon Heads.

Cheers
r

Fair enough Bear, good luck with it… []
r

OTP = off the plan

Yes Bear, but what fundamentals were driving the CG, and are they sustainable?

Cheers
r

Look for deals, do the numbers, if they stack up and you think you’ll be able to sleep at night, buy… if not, don’t. simple as that

cheers
r

Yack,

Just for the sake of the discussion, I’d like to point out that when we’re talking about areas with positive cashflow, it’s not just small places like Queenstown with relatively few prospects. It’s places like Ballarat, Bendigo, Shepparton, Mildura, Townsville, Cairns, Mackay, Toowoomba etc etc… areas with populations from 50,000 to…[Read more]

I think many of those people buying in Queenstown will end up disappointed… I couldn’t justify it to myself months ago, I still wouldn’t be able to…

Cheers
r

Very well said Rowan… by the way kay, the fundamentals between investing in Ballarat 5 yrs ago and Queenstown now aren’t even worth discussing… you’re not comparing apples with apples… price alone isn’t a reason to buy anything.

cheers
r

I’d like to know who some of these Aussies are who are passionate about the Queen… most people I know couldn’t give a stuff either way (which is the good old fashioned Oz attitude to many things)…

Cheers
r

Hi Kay,

I did buy at the first, cheaper price, after looking at population, location, industry, price etc. I wasn’t buying for CG, I was buying for cash flow… the CG is a bonus. My whole point was that these pro negative gearing people write off the regional areas, and I think they’re extremely narrow minded…

And Kay, buying in a place where…[Read more]

By the way, the first house I bought was in Box Hill in Melbourne, in the middle of 1999, a three bedroomer for 220k, It was my PPOR, but would have rented for 300pw (this is before I was into property investing)… That’s a yield of around 7%. What a good buy… considering it was 12km to the city with great infrastructure.

I sold it for $345k…[Read more]

Hi guys

Good point angie…

I went and sussed out some residex figures to quote… in the areas I bought 4 houses in Rockhampton, the median for the quarter June-Sept went up 24.1% in one area of Rocky (Allenstown $72,500 to $90,000), 33.4% in another area(Rockhampton City $59,200 to $79,000), 9.8% in another area (Park Avenue $97,000 to…[Read more]

Thanks for those messages guys…

Cheers
r

Andrew,

I think we’d ALL buy some houses in suburbs around the bay if we could have our time again [] especially the last 5 years…

Cheers and good night.

r

Hi Andrew,

Jeez, 4% yield in suburbia is nothing to write home about mate… There’s no way you’d get me to buy at that yield… I’m not a seasoned property investor by any stretch, but there’s many I know who have been in for 20-25 years, and they would not touch a 4% yield…

By the way, Mentone’s a great area, but it’s been one of the biggest…[Read more]