Property in NSW for 150K and $500pw return

Viewing 11 posts - 1 through 11 (of 11 total)

Nathan Birch
Participant
@nathan-birch
Join Date: 2004
Post Count: 189
April 6, 2004 - 11:22 am
Home in NSW for $150,000 with a $475PW return!
What do u guys think??
its a 2290 sqm block with a home and 5 flats on it
Derek
Member
@derek
Join Date: 2004
Post Count: 3,544
April 6, 2004 - 11:28 am
Hi NAthan,
Without commenting on the specifics of the property I would suggest you edit you post to remove the reference to the town as you may create a bidding war for the property.
Derek
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geo
Member
@geo
Join Date: 2003
Post Count: 1,194
April 6, 2004 - 11:28 am
Nathan are you crazy – why are sitting around telling us about it – go and get it before it goes throgh your hands. Its a 16% return – don’t think you can find that anywhere anymore.
I don’t know how you came across it but its a sure good deal. Great return – go for it.
Kind Regards,
George
“If You never never ask, you’ll never never know”
CarLover
Participant
@carlover
Join Date: 2003
Post Count: 60
April 6, 2004 - 1:08 pm
That seems incredibly cheap for one house and 5 flats. Is there a catch somewhere?
Turismo
Member
@turismo
Join Date: 2004
Post Count: 23
April 6, 2004 - 1:56 pm
Have you bought it yet? If not tell me where it is!!
One a year is my plan!!
MiniMogul
Participant
@minimogul
Join Date: 2002
Post Count: 1,414
April 6, 2004 - 4:36 pm
haha, vindicated, love it when that happens.
I told you guys that the CF+ves would pop back up in Aus when the ‘crash’ happened (the good side of a bust is cheap buying opportunities!) and it seems they are starting to.
time for hallelujah?
Maybe it will become like Auckland, Auckland city being the number one highest spot in NZ for cashflow returns, according to the latest KPI magazine!
Salubrious
Member
@salubrious
Join Date: 2004
Post Count: 252
April 6, 2004 - 9:19 pm
The ground doen’t glow at night does it mate?
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….”
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
April 6, 2004 - 9:25 pm
good advice Mysta and i’ll take your advice too Mini…
“If You never never ask, you’ll never never know”
BEAR1964
Participant
@bear1964
Join Date: 2003
Post Count: 702
April 6, 2004 - 11:01 pm
Whats the vacancy rate? Council Rates.
I have found a few blocks of flats with similar returns , however taken the above into consideration they wernt viable.
Thus far it sounds good, but do your due dilligence.
Regards Bear
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RussH
Member
@russh
Join Date: 2004
Post Count: 342
April 7, 2004 - 1:28 am
Hmmm Yeah I,d be checking out the neighbours.
Russ
So many +CF properties in Western Australia.Let me help you. And we can achieve a win win situation.Russ.0438 659 411
honeyblonde
Member
@honeyblonde
Join Date: 2003
Post Count: 10
April 7, 2004 - 2:23 am
Looks OK on paper. Can it be subdivided? You could get the house for free if developed correctly.
Lots of +cf props NSW Country. Hard work is done. Nick 0414 274 495
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