Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
To invest in Townsville or not?; Sydney investors hit Townsville
Topic Started: 5 Jan 2014, 09:18 PM (4,135 Views)
Foxy
Member Avatar
Zero is coming...

Townsville is completely out of my area,
So general advise only.
Try to get between a hospital, university and the CBD. Also transport.
You will always be able to rent your property as the tenants as they will have a job a one of those institutions.
Peter
Mustapha Mond
7 Jan 2014, 12:06 AM
Townsville is completely out of my area,
So general advise only.
Try to get between a hospital, university and the CBD. Also transport.
You will always be able to rent your property as the tenants as they will have a job a one of those institutions.
Peter
Slow and steady wins the race. And your abilities as they grow will bring resources to you.
There is years of wisdom on this forum.
So use it.
We do go on with a lot of off topic crap, like global warming.
But what do you do when you have nothing better to do.
Just never get in over your neck.
Be able to handle what you are doing, and most important build you knowledge bank.
Get a good accountant and a good lawyer.
And find a rich friend that is a self made man.
Listen to him very carefully even if sometimes you have no idea what he is saying.
Maybe 20 years later you will say ahha that is what that old bastard was trying to tell me.
peter
good luck.
:pop:

Edited by Foxy, 7 Jan 2014, 12:38 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Dchapman
Member Avatar
New Investor
Mustapha Mond
7 Jan 2014, 12:06 AM
Townsville is completely out of my area,
So general advise only.
Try to get between a hospital, university and the CBD. Also transport.
You will always be able to rent your property as the tenants as they will have a job a one of those institutions.
Peter

Slow and steady wins the race. And your abilities as they grow will bring resources to you.
There is years of wisdom on this forum.
So use it.
We do go on with a lot of off topic crap, like global warming.
But what do you do when you have nothing better to do.
Just never get in over your neck.
Be able to handle what you are doing, and most important build you knowledge bank.
Get a good accountant and a good lawyer.
And find a rich friend that is a self made man.
Listen to him very carefully even if sometimes you have no idea what he is saying.
Maybe 20 years later you will say ahha that is what that old bastard was trying to tell me.
peter
good luck.
:pop:
Okay thanks Peter and everyone else for your insight,
I do agree with you on there being years of wisdom in this forum, I will defiantly be using it thats for sure (well some it).

I will see how i go with the rich friend thing that could take a while (good ones hide there identity of wealth a lot)

thanks again,

cheers,

david
Cheers,

David Chapman
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Dchapman
7 Jan 2014, 06:08 AM
Okay thanks Peter and everyone else for your insight,
I do agree with you on there being years of wisdom in this forum, I will defiantly be using it thats for sure (well some it).

I will see how i go with the rich friend thing that could take a while (good ones hide there identity of wealth a lot)

thanks again,

cheers,

david
It is a pity but they have to stay very quiet.
The tall poppy syndrome of the low level males dictates this action.
They know they can not achieve so they must destroy or undermine the "A" males.
Otherwise it's just them and their hands.
Good luck.
Rich self made men KNOW what they are doing.
Study them well.
And read the book "The Richest Man in Babylon"
It says it all.
Peter
again good luck
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Dchapman
Member Avatar
New Investor
Mustapha Mond
7 Jan 2014, 12:31 PM
It is a pity but they have to stay very quiet.
The tall poppy syndrome of the low level males dictates this action.
They know they can not achieve so they must destroy or undermine the "A" males.
Otherwise it's just them and their hands.
Good luck.
Rich self made men KNOW what they are doing.
Study them well.
And read the book "The Richest Man in Babylon"
It says it all.
Peter
again good luck
cheers pete,
i actually just finished reading that book! its a good book.
Cheers,

David Chapman
Profile "REPLY WITH QUOTE" Go to top
 
Admin
Member Avatar
Administrator

Quote:
 
Sydney investors hit Townsville: John McGrath

Jonathan Chancellor | 15 August 2014

Investment buying has ramped up in Queensland, according to estate agent John McGrath.

He says the typical house yield in Brisbane was 4.5% compared to Sydney’s 3.7%.

"Apartment yields are even more impressive at 5.3% compared to 4.5% in Sydney," he blogged on Switzer.

Noting Brisbane property values haven’t moved anywhere near the rate of Sydney and Melbourne in recent times, McGrath indicated Sydney’s current median house price of $745,000 and Melbourne’s $590,000 "makes Brisbane look seriously cheap at $475,000."

"When you put affordable property values next to high yields and perfect timing in the cycle, that’s an ideal time to buy and investors are noticing," he said.

His comments came as mortgage broker AFG reported investment activity in Queensland had jumped from 33.5% in January to 38.7% in June.

"A lot of that activity is in Brisbane but key regional centres are also attracting attention.

"For example, our office in Townsville estimates that 50% of investment sales are going to North Queenslanders and up to 40% are going to Sydneysiders."

McGrath said investors were attracted to newer houses around $350,000 to $450,000 and small sites with development potential.

It was May 2012 when McGrath Estate Agents opened in Brisbane. With the February 2014 opening at Townsville, it now has its first regional office in North Queensland and ninth in the Sunshine State.

The coastal city of Townsville is about 1,300 kilometres north of Brisbane, close to the Great Barrier Reef. The Queensland government forecasts tipping the population to reach 300,000 by 2030, compared with 185,000 in 2012.

Read more: http://www.propertyobserver.com.au/forward-planning/investment-strategy/market-trends/34523-sydney-investors-hit-townsville-john-mcgrath.html
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Grubby62
Unregistered

I've been looking at buying in Townsville myself.

I have done alot of research myself.

Apparently over $50 billion worth of projects going in there.

The port is doubling in size, the tank division from the army barracks is relocating to Townsville.

All of the 3 major shopping centres have been updated and recieved massive makeovers.

Big companies like myer and lexus have opened there.

Now 5-6 bunnings and a whole heap of Macdonalds. Always a good sign for growth.

By the way I found out all of this in a free Townsville Market guide : if anyone is interested in having a good read the link is below:

jmbproperty.com.au/2-uncategorised/13-free-townsville-market-guide
"REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy