If you could a buy property anywhere in Australia...

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  boobsandbusted

  8 years ago

  officer ,berwick, clyde and and clyde north ,biggest booming area around with affordable houses,and good growth rate on your investment property in the future , - Posted from rhpmobile

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  RHP User

  8 years ago

  near any University. Dont know anything really about the Capitol growth side of it but seems like a good idea to me.

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  RHP User

  8 years ago

  Is left. Areas where land and property approvals are low. Buy new and not old house that will need maintence. And any government department i.e. landgate opens up huge areas and parcels of land to developers. Kiss ya capital growth goodbye. Karratha and Moranbah, Newman, Armadale. The first 3 sooo many lots of land opened to be developed that the occupancy rate decreased and property stock was flooded. The capital growth was zero and people lost hundreds of thousands and still owe the bank. The house sits there and the owners have become slaves to the property. Regiinal one trick pony towns are a massive rusk. Prob the reason why purchase deposits are 30 percent plus for investments due to high risk and LMI cover.

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  FeistyFatty

  8 years ago

  We took a risk purchasing another investment property in Blackwater a couple of years ago. Rented it out in the "boom" for 1500/week and then sold it 13months later just before the "bust" for a 250k profit. Big risks pay off but can't say if make a habit out of it ..... if hate to ever take a loss. I've always been a big believer IN DFH (Defence Force Housing). A very safe moneymaker. - Posted from rhpmobile

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  EarthQueen

  8 years ago

  It’s had big growth recently. Lots of people moving here from Sydney. It will continue to go up I think. - Posted from rhpmobile

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  RHP User

  8 years ago

  Well done with your black water property investment. love to chat some time and maybe introduce you to another town ready to take off again.

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  RHP User

  8 years ago

  Hi CD... I'd look at Chinchilla at present as a buyer's market and rental number have dropped and 20018 will be a positive year. With some risk comes rewards.

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  bonefide

  8 years ago

  Hit the nail on the head Student rental apartments, any state. Now if u Could only find one, better if u Could find more.

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  Forus1234

  8 years ago

  Sydneys South West, within a 30-50km radius of Sydneys second airport site. The bigger the land the better, 1 acre plus. Look at areas like The Oaks, Cobbitty (they are on the market & sold within 1 week there!) & you are on the money. More suburban, Oran Park, Harrington Grove. Some of the larger acreage properties have achieved a capital gain of $500k plus in the last 12 months. A hot market at the moment is 2 hours South of Sydney, Jervis Bay. A house that has a garage that can be converted to a granny flat & approved is achieving big $ in Sydney, double income, double your money! We used to invest in other States, but now we have too many hot properties in our own backyard! Hope this helps!

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  tall60

  8 years ago

  Depends entirely on how much money u can spend....rules out many possibilities. Better off asking financial advisors rathe than this site. Like reading yr contributions..yr an adventurous gal.

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  RHP User

  8 years ago

  Consider crypto currency...hold a good investment long-term and you will get better gains and no wasting time with lawyers, rates, shit tenants, repair bills, water bills etc etc... there's some amazing projects with very cheap buy on going on at the moment.

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  Hawt1

  8 years ago

  I would check expected insurance costs before a purchase also... something to factor in, it can be a crippling burden and take the shine off your otherwise golden egg. Here in the north of WA it is a big problem.

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  RHP User

  8 years ago

  Townsville right now looks like it is on the up and I reckon (maybe I hope)has about 10to 20% growth in prices in the next two years. You asked about capital gains in another thread.. that used to be that you had to pay tax on 50% of the gain, but I cannot remember what changes were done to that in recent times as they were talking about that at the last election I think. But there’s a bit to weigh up, including depreciation. If you purchase a fairly new place you can claim a lot more on depreciation... which in my case pays me back at tax time. if you borrow most (or all) of the purchase amount then rent will probably not cover repayments, then add insurance and rates. You fork out up front for these throughtp the year and get some or most back at tax time depending on your circumstances. Recommend seeing a financial advisor/accountant, but if you are financing the purchase, most experienced finance reps will know all this stuff and should be able to give you some good information. Just keep your bullshit radar on because their job is to sell you the loan, so make sure you trust the person which ever way you go. But seriously, take your time and don’t rush into anything, there’ll always be an opportunity in six months time once you’ve worked everything out, and if there isn’t, then best you did wait because that will only mean that your investment was a poor one. Make sure you ask about or consider repayments if interest rates go up by two or three percent in the next five years. And understand that while yes an astute investor will make good short term gains, if things don’t increase as expected you might be holding that property for a lengthy time to sell it for a profit, or worse. Oh yes, landlord insurance extra and a must plus factor in it being vacant between tenants, unless it’s a DHA rental. Good luck, take your time and make an informed decision.

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