Investment Property (41)
morebloodyrisks: I am considering buying an investment property and I am uncertain what city/state/region in Australia I should buy.
Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?Thanks for helping me out!
Cheers
MBR
Well anywhere along the Murray River, the houses have lost their value, because of the lack of water released up stream. Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?Thanks for helping me out!
Cheers
MBR
morebloodyrisks: I am considering buying an investment property and I am uncertain what city/state/region in Australia I should buy.
Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?Thanks for helping me out!
Cheers
MBR
Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?Thanks for helping me out!
Cheers
MBR
Well, I am in Adelaide, and unit prices are holding their own here. You can't go wrong buying 15-20 mins the city fringe, close to transport and shops/all other services. I have sent you some info.
unashamedly bumped to the top! Come on people .. you know more about your backyard than I do.. and who would not want me for a neighbour!
morebloodyrisks: unashamedly bumped to the top! Come on people .. you know more about your backyard than I do.. and who would not want me for a neighbour!
Add Man has struck!!!
He stalks us !!!! I live in Brisbane on the Northside, the boombing area is Zillmere, old housing commission cottages on big blocks, close to schools, transport train and bus, and good shopping areas. The homes look a million bucks when done up, and are now the rage with young married couples with young families.
There are still lots of fixer upperers as the aging population move out....
morebloodyrisks: I am considering buying an investment property and I am uncertain what city/state/region in Australia I should buy.
Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?Thanks for helping me out!
Cheers
MBR
Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?Thanks for helping me out!
Cheers
MBR
Here in South Australia the major growth areas for money value are a majority of the seaside towns on the Yorke Peninsula , in particular ...Port Hughes, Moonta Bay, Black Point, Stansbury & Port Vincent. Port Wakefield could be a possibility as a large marina is to be established there.
Whyalla has seen prices increase by up to 60% due to housing needed for Roxby Downs, and a lot of the towns within close proximity to Roxby they are forecasting up to 200% increases.
Victor harbor, Port Elliot, Middleton & Goolwa are good investment regions.
In Adelaide anything close to the main CBD , areas like Largs Bay, Semaphore are doing well
^^^^ oh and good rental returns also... premium prices in the rental market. My sister has one as a rental. 
venere08: Maybe in WA. In SA, very tight legislation. New changes just introduced. Agents cannot even advertise higher than 10% of the market value.
Yes thats very true Ven . WE have had a couple of agents down here caught out for breaching the new Real estate codes of conduct.
steve6611: Yes thats very true Ven . WE have had a couple of agents down here caught out for breaching the new Real estate codes of conduct.
Good to hear. They will soon learn!
venere08: Good to hear. They will soon learn!
we even had an agent from town accidently start to auction off the wrong house in Middleton 2 weeks ago
steve6611: we even had an agent from town accidently start to auction off the wrong house in Middleton 2 weeks ago
Still, how on earth does that actually happen???
venere08: Still, how on earth does that actually happen???
I dont know , a total lack of communication. It was a large Adelaide firm that gets a lot of media coverage.
It was on Surfers Parade the starting price was 1.85 million, not being a local I can perfectly understand if it was the eastern end as they are mainly holiday homes with no house numbers, but this one was a dead give away...they should have looked at the photo on their sales brochure
steve6611: I dont know , a total lack of communication. It was a large Adelaide firm that gets a lot of media coverage.
It was on Surfers Parade the starting price was 1.85 million, not being a local I can perfectly understand if it was the eastern end as they are mainly holiday homes with no house numbers, but this one was a dead give away...they should have looked at the photo on their sales brochure
It was on Surfers Parade the starting price was 1.85 million, not being a local I can perfectly understand if it was the eastern end as they are mainly holiday homes with no house numbers, but this one was a dead give away...they should have looked at the photo on their sales brochure
Good heavens. Why does it not surprise me, though. I am guessing which firm it is. There is one whose CEO is always blowing the company's horn on the radio. But frankly, one of their agents is selling a property of mine, and I give them
for their efforts and professionalism. I say this because I am qualified (waiting for my new licence, but choose to not be active) and I know the effort that should go into selling a proeprty.Yes, looking at the photo helps, also the number on the fence/front wall!!! Ummm...visiting the place before the auction usually helps, too!Though sometimes, companies use outside auctioneers, who do about 15+ auctins a weekend, and they just fly in an out. No excuse.
venere08: Not really, look hard enough and they are there. You can do tht, too. But when you know what you're looking for, you need to be dilligent and look every day on the internet. Generally stay away from properties that are just new on the market, as the vendor is not desperate enough. And check that the vendor is serious about selling, the term being "a motivated vendor", or you might waste your time, as they will never sell.
I bought the unit I currently have on the market, for $2000 less than what the owner bought it for 2 yrs before that. And again, all because the agent, athe principal of that agency, had done such a bad job. I did my homework, and knew what to do from there.
I have done similar with s couple of others along the way.
That is one thing I entertained for a while, because I have been good at spotting bargain, is setting up a s buyer's agent. In my next life!
Will do my best in my travels for ya!
I bought the unit I currently have on the market, for $2000 less than what the owner bought it for 2 yrs before that. And again, all because the agent, athe principal of that agency, had done such a bad job. I did my homework, and knew what to do from there.
I have done similar with s couple of others along the way.
That is one thing I entertained for a while, because I have been good at spotting bargain, is setting up a s buyer's agent. In my next life!
Will do my best in my travels for ya!
Thanks! This is exactly what I was saying before.. NO ONE knows their own backyard better! People like me coming from interstate or out of town are ripe for the plucking! and can be conned, persuaded, beguiled in to spending too much for a place in the wrong area for the wrong outcome.
thanks!
venere08: Good heavens. Why does it not surprise me, though. I am guessing which firm it is. There is one whose CEO is always blowing the company's horn on the radio. But frankly, one of their agents is selling a property of mine, and I give them for their efforts and professionalism. I say this because I am qualified (waiting for my new licence, but choose to not be active) and I know the effort that should go into selling a proeprty.
Yes, looking at the photo helps, also the number on the fence/front wall!!! Ummm...visiting the place before the auction usually helps, too!Though sometimes, companies use outside auctioneers, who do about 15+ auctins a weekend, and they just fly in an out. No excuse.
Yes, looking at the photo helps, also the number on the fence/front wall!!! Ummm...visiting the place before the auction usually helps, too!Though sometimes, companies use outside auctioneers, who do about 15+ auctins a weekend, and they just fly in an out. No excuse.
well done you guessed correctly. did you work in real estate for a while or are you relatively new to itsteve6611: well done you guessed correctly. did you work in real estate for a while or are you relatively new to it
I took a break from my other life as I had wanted to work in r/e for a long while. I did the whole bit, property law, contract law, blah.., and a full traineeship with a major company(no, not THAT one!). I loved it, but I had issues with my then 18yr old son, and so I turned to my other career. It was a real buzz for me, from writing the ads, to getting the best price for the vendor. None of my friends/family would ever buy from me, but they all came to me to sell.
venere08: I had issues with my then 18yr old son,
He is now almost 24, and doing great, and he just got back from London and Italy, and today off to Sydney for a few days. He has his feet on the ground.
Back to investing. I found him a fabulous unit in the eastern suburbs for such a low price, and had been on the market for several months. The agents had botched up a sale in the eastern suburbs, hard to believe but too true! I negotiated it for a song. In 6mths it would sell for $80,000 more with nothing done to it!
venere08: In 6mths it would sell for $80,000 more with nothing done to it!
That is, it's 6mths since he bought it.
venere08: That is, it's 6mths since he bought it.
OK Venere08 you are officially appointed as my eyes are ears in Adelaide for a super duper bargain deal like you did for your son!
Although we all know deals like that are diamonds.. and you dig through a lot of dog doo to find a diamond! ..so start digging! hahahahaha
morebloodyrisks: OK Venere08 you are officially appointed as my eyes are ears in Adelaide for a super duper bargain deal like you did for your son!
Although we all know deals like that are diamonds.. and you dig through a lot of dog doo to find a diamond! ..so start digging! hahahahaha
Although we all know deals like that are diamonds.. and you dig through a lot of dog doo to find a diamond! ..so start digging! hahahahaha
OK, sure thing.....
SON
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Created: Oct 2009
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Given that members of CS mostly live in different parts of Australia and everyone knows their own backyard better than a stranger .. be brave give me the benefit of your wisdom.
I will consider all answers/suggestions.
There is no legal issues with your comments as I will consider professional advice before making my decision, and besides we all know that no likes to part with their money foolishly.
What are some growth areas in your town/city?
What are some areas to avoid?
What are the likely, typical or average rental returns for 2 or 3 bedroom unit in a small complex or standalone villa in a small group?
Thanks for helping me out!
Cheers
MBR