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Thanks for your assistance guys, BankWest looks like a goer.
I have property in Gladstone and also live here. The market was quite over 2009 with the economic downturn and I was telling friends to buy back then because I was aware of what was about to happen with the LNG etc. people are unbelievaly slow to catch on. Finally when everyone actually gets whats going on here the stampede is on. It's still early days but dont procrastinate. Prices are going up at about $10,000-$12,000 a month at this point and if you are thinking of buying here you need to get in now. I agree with Jules, the enormity of the projects in Gadstone is worth serious consideration, the LNG is a 20 year contract, this is not just some everyday occurance, this is a once in a lifetime thing. Re NRAS I also agree with Jules theres alot of people here who do normal jobs i.e. supermarkets, office, trades etc, how will they afford to live here? The NRAS is going to benefit these people and I see it as a positive. Look at Pt Hedland where rents are between $7,000 – $8,000 a month for example, the sheer size of projects in G will force rents as demand outweighs supply which is already happening now and its early days..
Buy well.. add wall mounted TV, Aircon, face lift reno, paint , nice kitchen bathroom, as above pets ok, etc
onthemoney wrote:I have been up in Gladstone having a look at the situation and finding the activity there pretty interesting, thought some of you might be interested in these latest news articles. 'Gladstone Rentals Skyrocket' – http://www.mediafire.com/?p7x7y774dhxrau1 The Australian: Queensland Premier Anna Bligh told a business lunch this week the emerging coal-seam gas to LNG industry was a "once-in-a-generation opportunity"…Property prices spike as Gladstone benefits from coal-seam gas boom: http://www.theaustralian.com.au/national-affairs/property-prices-spike-as-gladstone-benefits-from-coal-seam-gas-boom/story-fn59niix-1225965401983 Interesting stuff.Tony it's pretty close to a 0 vacancy rate right now. Great articles cheers.
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I would like to know more about this, as I would like to invest in QLD.My email is [email protected]
thanks
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Hi Mike I passed on your email a few moments ago.julesm2006 wrote:Hi Steve thanks for your reply I will give them a call.. have you bought in Gladstone at all yourself?Yes I bought a unit there years ago and in the last year have added another property, a 4 bedroom house in Emmadale. Apparently theres a 0 vacancy rate at the moment… wish I could buy again to be honest but you can only go so far. I think Gladstone will be worthwhile from what I can see.
Hi JM I have bought investment properties through http://www.wealthwithproperty.net and have had a pretty positive experience, they also did my finance.
I have a colleague who does the same thing for people state wide QLD, he negotiates on your behalf and gets discounted prices on a property purchase, I have used his services for the last 2 properties I bought. Shoot me an email if you want his details.
I am definitely no expert but In my humble opinion Brisbane is one of the best cities to buy right now. The population is increasing at approx 1000 a week in SEQ. The planned infrastructure to manage the growth in population over the next 10-20 years is massive. I believe Brisbane is ready for a very healthy upward cycle over the next 5 years. I have 4 investment properties in Brisbane and over the last 10 years had a very good run averaging around 11.5% or average annual growth. I have no hesitation in thinking the next 10 years will do the same. Steve
I think comparing Pt Hedland with Gladstone is completely relevant, also, Rocky is 2 hours away from Gladstone. Gladstone is the major port from which ALL the mining material from the Surat Basin will be transported to and shipped overseas. The LNG deal there is the largest in the history of Australia $69 BILLION. This has secured QLD financial future for the next 20 years and I don't think people realise how BIG this is… The sheer size of this deal has given me alot of confidence, where and how will they fit another 50,000 people over the next 10 years or so which is the predicted population increase according to a few sources. Santos and British Gas have a major problem in that they are unable to secure the amount of housing they need for their employees. There is NO registered available land left in Gladstone currently. There are unregistered block but very few left as the Estates there have sold out. The land shortage is a major issue right now, I have done some research as I am buying there myself. Calliope is a great place to invest, its 18 minutes from Gladstone and very popular as its out of the hustle and bustle yet so close. <moderator: delete advertising> Regards Steve.
Hi, an easy structure would be to simply top up your existing loan creating a second split to cover costs and deposit for the purchase and making sure you have a free redraw facility as this is cheaper than a Line of Credit. Depending on your existing lender and rate, it might be even more cost effective to refinance to a lender like Hll Ltd at 6.59% (and depending on break costs of course). You can also apply for another loan to purchase with the same lender without cross securing.
Regards
Tony Born
07 3103 2205
http://www.wealthwithproperty.net
[email protected]Ive done Marks workshop in Sydney and at the end of the day you pay him $5k to learn how to research potential available land suitable for development, and if you find anything Mark will pay you a commission on the project if his company takes out an option on the property… its a clever way for them to get alot of people researching for potential development blocks. You would need to be doing this full time as its very time consuming and developers are out there picking everything clean as it is… If you have nothing else to do with your day then this could be for you… not me however, I guess it was an eye opener. Cheers Steve
Thanks guys greatly appreciate your support. Cheers Steve.
I believe e you need a property investor advisor not a financial planner, watch this guys video presentation http://www.wealthwithproperty.net Cheers Steve.
Hi guys I started out like yourself and now 7 properties later… I owe it all to my broker, if you want expert advise and finance dont go anywhere else, http://www.wealthwithproperty.net All the best Steve.
I would recommend these guys for any property investing advise or finance, check out their video presentation http://www.wealthwithproperty.net Cheers Steve
This broker will finance these for you with no charge, he financed one of my renos last year .. at no charge whatsoever , I sold it just after 12 months with no issues, just talk to him about it. [email protected] cheers Steve.
Check out this guy he can assist you with the right property advise, I know he’s a pretty successful investor himself http://www.wealthwithproperty.net/?mode=default&cmd=movie
Market stats indicate that property in the capital cities are taking an upward swing again, and Investors are flooding back to the market. Now is the time to buy, I’ve seen it all before. Heres an interesting article… “Investor loans surge as first homebuyers head for the exits
20th January 2010Investors have become the main driving force of the property market following a mass exodus of first homebuyers.
According to the latest data from the Australian Bureau of Statistics, the total value of loans taken for investment purposes climbed by 2.1%. Over the year, investment loans have increased by 26.1%, the best showing in over two years.
“The improvement in economic conditions – particularly in the labour market, should improve investor sentiment in the housing sector,” said Craig James, chief economist with CommSec. “Stronger population growth and rising rents will ensure the housing sector plays a key part in the economic recovery.”
In contrast, the number of new homebuyer loans has plunged by 5.9% in November to its lowest level in 10 months and follows a follows a 2% fall in October. First homebuyers now account for 22.1% of the total market, down from 26% in October.
Looking forward, the near term data is likely to look weak, largely due to potential home buyers having brought forward planned purchases over the past year according to James.
“It is clear that the interest rate hikes are starting to bite. Overall the housing sector looks like it may be starting to consolidate after what has been a phenomenal run over the last year.”
However, James pointed out that despite the recent weakness, housing finance is still up over 14% in annual terms and in recent times construction loans have surged by over 100% compared with a year ago.
“In the midterm as the economic recovery becomes more concrete, budding home buyers are likely to feel more confident about the future outlook and move forward on planned purchases,” he said.”Steve.
Heres some High Rental Yield properties that might interest you http://www.wealthwithproperty.net just go to the link High Rent Inv Properties
cheers Steve.
