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I have a FHOG question .
Can you purhase a investment property ( first property purchase ever) and then purchase your first home at a later date and still be entitled to the FHOG?Luckyphil
Hopefully I am not to uncivilized. Check out my web site if you want
[www.uncivilized.com.au]no hard sell here, just a hobby of mine.
Richmond
Rockhamptom – Brief overview
It is a City of some 60,000 people. It is the major city of it’s region. It is on the tropic of Capricornia, and about 30 mins inland from the the Capricornia coast Rockhampton has an airport which is serviced by Qantas and Virgin , with several flights a day.
Capital growth last ten years 1.75% pa
Projected growth next 5 years 8-10%Current medium rent $145
Current medium rental yield 7.01%
Current medium value $108000Source – residex- last quarter
I also have data on all sales in postcode 4701 for the last year
Nature of Occupancy
Own – 38.3%
Purchasing – 23.6%
Rented from government 4.6%
Rent privately 27%
Other – 6.7%Population – Rockhampton ( projected)
2001- 59301
2006 – 59314
2011 – 59349
2016 – 59390
2021 – 59451Medium income $31000
Rockhampton population peaked in 1991 at 60627
Rockhampton region is projected to growth from 98 565 in 2001 to 120 704 in 2021
Current vacancy rate according to hardcourts 4%
Lj Hooker – more demand for homes , then units, vacancy rate around 2-3%89.7% of dwellings in rockhampton are houses
Flood prone suburbs depot hill / lakes creek
Industry
Rockhampton region ( central queensland )
– heart of QLD mining
– beef production
– cotton
– agricultural production
– tourism
Rockhampton is the major service centre for central qld, with most government headquarters located in rockhamptonMajor plant construction in Gladestone to the value of 1billion dollars. Some agents have informed me that Gladestone does not have the capacity to house the 6000 workers and many will travel from Rockhampton each day
Coles supermarket development in Gracemere ( unconfirmed ) which is 10 km from Rockhampton.
This is just some of the research I have done, if I were to type up all the information I had it would take me a couple of hours
Thanks
MattGday richmond
If possible can you gave me a brief overview of the suburbs of Rocky. Which ones are preferred then others. There is a good chance I will buying a property there in the near future, however it is difficult to get a independant view of the suburbs, most agents have there own agenda when recomending what are the better suburbs.
The couple of houses I have been looking at are in Park avenue and Koongal.
Any advice will be much appreciated.Thanks
Matt.yeah I am a newie as well. I have been reading the posts for the last month without posting, I certaintly have been learning a lot.I have pre-approved finance and looking at purchasing a property ( first puchase ever )in the near future. I have being researching one area now for the last three months, however I am still extremely nervous. I am not sure if I am doing the right thing, considering the interest rate rises. My family are totally with me in purchasing a investment property, however my partners family is totally against it. They are old fashion , buy house to live in , retire on the pension.
Anyhow anyone have any tips on buying that first property?
I may buy without checking the property – of course I well be doing a pest and building inspection as well fully researching the area. Any opinions on buying a property without inspecting .Mortgage Hunter
I have question.
I am currently looking at purchasing a investment property and this will be the first property I have ever purchased. I understand as the property is for investment I am unable to claim the FHOG.
However in 3-5 years when I purchase my first property to live in am I still entitled to receive the FHOG.Thanks
Matthewsorry I have realised I have posted the topic in the wrong forum, I will now repost in the correct forum.
sorry
