After finishing reading 0-130 properties and becoming familiar with the 11 second solution, am I correct in saying that most residential investment properties are around the 110k-130k price range ?
Jay
Hi Jay,
As a broadbrushed statement yes – property more likely to meet the 11 sec solution tends be located at the lower end of the scale and in country/regional areas – having said that I am sure some of the passionate and learned cashflow investors will come along and give examples outside the range you indicated.
Bear in mind median prices in the major cities in Australia are all over $200K. (Adelaide?)
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Jay,
A lot of the people who used to buy in Australian regional towns etc… have turned to investing in regional towns of NZ.
You can still easily pick up houses less than $50,000, with a gross rental return of at least 11% minimum. I was in NZ last month and still bought one ppty on 17% gross return. The house was grossly underpriced. When I paid a valuer to value the property, the valuation come in at $57k. I paid $40k. There are still bargains, if you know where to look.
Caveat emptor…
Good luck,
Del
What area’s of NZ?
sg
Hi,
If you do a search on “NZ towns”, I’m sure you will find lots of info on towns that us Aussies are buying in.
Tokoroa will have lots of info, but do your research before you jump in.
Good luck,
Del
Hi shane
In the North Island try Tokoroa, Taumarunui, Te Kuiti, Wanganui, Marton, Gisborne, Rotorua and Wairoa.
For the South Island send Westan a PM.
Also try http://www.realenz.co.nz
Most houses for sale are listed on that site.Regards
run run run for distant shores to invest as there are no bargains here……..RUBBISH!!!!!
Ok so they are a bit harder to find but yes the banks here lend on them, yes you do get good capital growth, sustainable due to infrastructure, and if you must go overseas….tassie isnt to bad either.
($80k/$130rent) available now.
DD
Don’t sweat the small stuff,and it’s all small stuff!!
Not too many 80K properties left in Tassie sorry. Many sub 50K properties on the West Coast most likely gain a positive cashflow but little CG
Hi There,
Agree with DD, still good buys out there –
just been advised that my offer on an IP has been accepted – $25,000, major regional town. Rent $100-110. The property requires about $5,000 to replace carpet and quick make over job.[exhappy]
Cool Marisa! comes complete with tenant? Or do you have to find one? If so, hopefully they are in numbers for you
]Cheers
MelHi Melbear, no tenant, however high demand for rental properties in this region + additional bonus coming my way approximately 500 employees will require rental properties shortly….
Yippie…… What a show off I am, I have a good reason, my first +ve geared IP.
How about you??? any good news to share…..[biggrin]
Not right at the moment. Waiting on settlement of my first (and probably only) purchase in Sydney – a terrace in Paddington. The seller (a friend) said he might have lined up a tenant for me too – so that’s good news.[
]Cheers
MelTerrace in Paddington, …… must have cost squillions?
All the best. Cheers, Marisa[biggrin]Originally posted by Marisa:Terrace in Paddington, …… must have cost squillions?
All the best. Cheers, Marisa[biggrin]Ummmm, yep. Almost twice the highest price I have previously paid! Gotta love Sydney[biggrin]
Cheers
Mel
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