Hello,
I would like to ask your advice about the ways to search for +ve cashflow properties. What do you do: search on the Internet, call real estate agents, find information at the Australian Bureau of Statistics? I would like to start investing in +ve cashflow properties but don’t know how to find them and will appreciate any practical advice.
Thank you,
Leonid.The internet is a good place to start me thinks.
Find out what rents are available in different areas for average houses. Then do the calculations based on what investment return you are looking for (.e.g the 11 second formula). That will give you a preferred purchase price. Then search for properties for sale in the same area and look at the average sell price. If it is close to your desired purchase price then it is worth looking closer and contacting a real estate agent in the area.
But remember – you are not looking for the average property. You are looking to beat the averages.
Andrew
http://www.rentmaster.co.nz
Software for LandlordsThanks for the response.
I’m wondering what other sources, except of Internet, can be used to obtain the sufficient amount of details about the potential areas for investment.Regards,
Leonid.Leonid,
The internet is a great source of information, where you can obtain population trends, capital growth, rental averages, vacancy rates, percentage owner occupied v rental, unemployment rate, employment split industry by industry, current projects, proposed projects etc etc.
But in my opinion you just can beat going to the towns and forming relationships with those whom can help you.
I bought a property this week that I would never have been able to get via the internet.
Cheers,
Battz
The internet is OK as a reference point, but if you really want to find the good deals, you have to GOYA and go to the locations themselves. Nothing beats driveing your car or fly to a location. The best deals are not on the net. If you buy of the internet sight unseen, you are nothing but a pig about to be slaughtered!
I may be able to help.Drop me a line [email protected]
Hi Battz71,
I was just wondering whether you could advise where on the internet you find such data like the population trends, capital growth, rental averages, vacancy rates, percentage owner occupied v rental, unemployment rate, employment split industry by industry, current projects, basically all the stats in your post, is there a articular web site for all these statistics?Regards Fudge111[8D]
hey battz71 (& everyone),
that’s also what i’d like to know. ie where to find all that info.
Regards and good evening everyone,
Frank Young
Hi Battz71,
I was just wondering whether you could advise where on the internet you find such data like the population trends, capital growth, rental averages, vacancy rates, percentage owner occupied v rental, unemployment rate, employment split industry by industry, current projects, basically all the stats in your post, is there a articular web site for all these statistics?Regards Fudge111[8D]
Hi Battz71,
I was just wondering whether you could advise where on the internet you find such data like the population trends, capital growth, rental averages, vacancy rates, percentage owner occupied v rental, unemployment rate, employment split industry by industry, current projects, basically all the stats in your post, is there a articular web site for all these statistics?Regards Fudge111[8D]
To Fudge
Do a search on Engine :- Economic Profiles of ( Town or Area Ect) AU This should bring up some of the info you need.
Keith
Don’t forget the local papers – go to your local library and see what [papers they have for other towns around the state or interstate.
bribie
]
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