All Topics / Help Needed! / researching a new area to in invest

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  • Profile photo of riprip
    Member
    @rip
    Join Date: 2004
    Post Count: 17

    I was wondering if someone could help me with some web sites re: researching population movements, job prospects, govt figures, infrastructure, industry etc on possible regions to invest in.

    Leesa

    Profile photo of LizzyLizzy
    Member
    @lizzy
    Join Date: 2004
    Post Count: 230

    Me too!

    I would really appreciate some good links to sites where information like this is available. More specifically does anybody have information on towns in WA or NT where they plan to open mining sites nearby?

    So many of my clients are looking at the moment, Sydney just doesn’t cut it anymore.

    Thanks in advance.

    Liz

    Mortgage Lender

    Profile photo of MonopolyMonopoly
    Member
    @monopoly
    Join Date: 2004
    Post Count: 1,612

    Hi Leesa, and you too Lizzy (hey…lots o’ L’s happenin’ here!!!!!)

    The type of information you are both looking for can be found, but unfortunately it is not going to be easy to find it ALL in the one place. For job prospects you may need to look at the local papers to see what’s on offer, population movements and what socioeconomic background of a town’s population, you may need something like the ABS….

    There are many sources of information, it’s just a matter of sifting through different documents, legislative papers, books etc etc etc. Then there’s always the Net….search engines are good.

    So too, are people…..TALK people’s ears off; ask questions of locals, ex-locals, those in the know, and those in the “I dunno” !!!![laugh4]

    I mean, there is so much out there…..where does one begin????[tongue][upsidedown]

    Happy hunting!!!

    Jo
    P.S. If you find all that info in one place, please PM, or email me…..cheers!!!![winking]

    Profile photo of House HunterHouse Hunter
    Member
    @house-hunter
    Join Date: 2004
    Post Count: 32

    Hi Leesa,

    The eternal question. The only real way to find this information is by spending hours on the phone or infront of the computer.The main sites to watch are real estate, government, employment. My wife and I spend minimum 30 hours a week doing research online and on the phone to find these sort of properties for our newsletter.

    National employment sites are a good indicator as to where people are moving to. Combine this with government sites like http://www.investaustralia.gov.au/technology/interactive.html and you can start to piece together where the government are assisting people to move to, but you have to make the decision. You just have to set your systems and stick to them, and trust your intuition.

    It can be a real drag sitting infornt of a computer reading government sites, however after a while you will see patterns forming and it will become a lot easier to understand and find what you are looking for. And dont research for more that 4 hours at a time. The way a lot of these sites are written they are easy to read over and miss stuff. Its all on the net. Be patient. I hope this helps, feel free to email me if you have any other questions.

    Regards,

    Mic

    Hunter House Hunters.
    Specialising in finding your dream home in Newcastle and the Hunter Valley or your perfect investment property throughout Australia.To join our database [email protected]

    Profile photo of kpkp
    Member
    @kp
    Join Date: 2004
    Post Count: 509

    Hi Leesa /Lizzy,
    Well…..I am in the NW of WA, and most of the properties here are +ve geared (and plenty for sale )
    I sold one end of last year for $260k with a rent of $500 pw on a 2 year lease.
    There a plenty avail for sale between $200k – $250k. Rents around $350 to $400 pw.
    In fact the town is a bit quiet compared to last year, but depending on next announcement (later this year) we expect a repeat of what happens (its cyclical and predictable) where there is an acute shotage of rentals available, and rents go a little crazy for 12 to 18 months.
    However, having said that, most of the mining operations and especially new mining operations seem to revolve around fly in / fly out personnel, so it doesn’t necessarily flow on to spending in the local town or appreciating house prices ( except for rentals being in short supply during the construction phase)
    I have heard Darwin is experiencing good demand / growth on the back of the Gas train construction to process the Bayu Undan gasfield. That should go on for over 12 months (construction phase).
    The other big one in WA is Gorgan, but that is a while off and overrated as far as local towns are concerned, due to the fly in/fly out nature of it.
    Anyway, if you need more detailed info….call

    Cheers, KP

    Profile photo of YY
    Member
    @y
    Join Date: 2004
    Post Count: 21

    Leesa

    Find town your interested in,type in to “google” townname population trends..and search for any info. try local tourist centres

    Y

    Profile photo of riprip
    Member
    @rip
    Join Date: 2004
    Post Count: 17

    Thank you everyone, the information has been very helpful, having just started using this forum, I love it Leesa[biggrin]

    Leesa

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