All Topics / General Property / +ve geared properties in Tassie

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of pritts88pritts88
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    @pritts88
    Join Date: 2003
    Post Count: 1

    I recently had a block of land I own re-valued and was happy to see that it had risen by 20K. Hoping to re-invest this capital I started looking for +ve geared properties in Northern Tassie (where I live) and haven’t managed to find any. Has anyone got experiance of investing in the North or North West of Tassie and if so where would be a good place to start looking for +ve geared property oppurtunities?

    Profile photo of juliebjulieb
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    @julieb
    Join Date: 2003
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    Try Launceston. I’ve owned +ve geared properties there for several years

    Profile photo of Still in SchoolStill in School
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    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    Hi pritts88, this is not a bias opinion but im just share some info of some areas to stay away from, though maybe in the late late future these places will have appreciated in growth but i doubt.

    Places i suggest you stay away from.

    Weena
    Roseberry
    Queenstown

    these places are +ve cashflow but there almost abanden mining towns, with little population or a dying town and are industry reliant

    Hope this help, though it justs so you dont get tricked or caught out in buyin a bad investment.

    Profile photo of Still in SchoolStill in School
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    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    Hi pritts88, this is not a bias opinion but im just share some info of some areas to stay away from, though maybe in the late late future these places will have appreciated in growth but i doubt.

    Places i suggest you stay away from.

    Weena
    Roseberry
    Queenstown

    these places are +ve cashflow but there almost abanden mining towns, with little population or a dying town and are industry reliant

    Hope this help, though it justs so you dont get tricked or caught out in buyin a bad investment.

    cheers

    S.I.S

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559

    Hi Pritts,

    I have several in Lton but things have really heated up in the last year. I am starting to see some easing in prices asked however. My opinion is that things will really settle down in the north and probably stagnate for a few years like it did during the 90’s.

    Don’t rush in – there’s a bargain around the corner. And avoid the bad suburbs like Ravenswood, Waverley, Rocherlea.

    Profile photo of RubbachookRubbachook
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    @rubbachook
    Join Date: 2003
    Post Count: 288

    I agree – there’s much, much less around now than there was two years ago.

    I have a place in LST which has done well in the last 12 months (along with most other things), but the numbers certainly would not stack up if I was buying today.

    This, combined with the usual risks of Tassie have lead me to look elsewhere.

Viewing 6 posts - 1 through 6 (of 6 total)

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