QLD Ayr Properties selling reduced price with tenants

Discussion in 'Where to Buy' started by Ricardo Castiblanco, 22nd Oct, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Ricardo Castiblanco

    Ricardo Castiblanco New Member

    Joined:
    2nd Oct, 2018
    Posts:
    4
    Location:
    Perth
    Hi Guys,
    Very new into the property investment.... anyone know who good will be to invest in Ayr, QLD?, anyone knows the area?
    When we look at Trovit there are properties selling at reduced price with positive cashflow... do not get it...
    If anyone can bring some light...?
     
    Ricardo Castiblanco, 22nd Oct, 2018
    #1
  2. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,867
    Location:
    Darwin
    Do you read the news @Ricardo Castiblanco ?
     
    hammer, 22nd Oct, 2018
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,248
    Location:
    Sydney or NSW or Australia
    Why research on trovit when Domain.com.au or Realestate.com.au are the main search engines?
     
    Scott No Mates, 22nd Oct, 2018
    #3
  4. Ricardo Castiblanco

    Ricardo Castiblanco New Member

    Joined:
    2nd Oct, 2018
    Posts:
    4
    Location:
    Perth
    I use realestate.com as the main search engine, i used trovit once and provided some insight to property repossession by banks... thought it could be helpful inbthe search of a deal.

    Any feedback on Ayr...?
     
    Ricardo Castiblanco, 22nd Oct, 2018
    #4
  5. Ricardo Castiblanco

    Ricardo Castiblanco New Member

    Joined:
    2nd Oct, 2018
    Posts:
    4
    Location:
    Perth
    Ok... if it is crime i get the point... if it is not let me know....
     
    Ricardo Castiblanco, 22nd Oct, 2018
    #5
  6. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    2,894
    Location:
    Perth
    Take your pick of Tin Pot town.
    If the rents are high ie very cash flow positive.
    More than likely very little chance of capital growth and selling the property will be difficult.
     
    Shogun, 22nd Oct, 2018
    #6
  7. Ricardo Castiblanco

    Ricardo Castiblanco New Member

    Joined:
    2nd Oct, 2018
    Posts:
    4
    Location:
    Perth
    Thanks for advice
     
    Ricardo Castiblanco, 22nd Oct, 2018
    #7
  8. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,867
    Location:
    Darwin
    It's crime. It's so bad people are selling up.
     
    hammer, 22nd Oct, 2018
    #8
  9. Noobieboy

    Noobieboy Well-Known Member

    Joined:
    10th Aug, 2017
    Posts:
    2,172
    Location:
    Utopia
    Noobieboy, 22nd Oct, 2018
    #9
  10. Icarus

    Icarus Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    166
    Location:
    QLD
    Depending on your investment strategy, investing in Ayr or Home Hill could work for you. And yes, like any town/city, there are good and bad areas.
    Resource wise and primary industry wise, the region has lots going for it - it's not known as "The Bountiful Burdekin" for nothing.
    Lifestyle wise, it wouldn't be too bad a place to call home either - once again, you'd pick and choose your area.
    It has everything you need, great fishing, perfect weather, (mostly) friendly people, plenty of social activities going on etc.

    If you're after a CF+ property, then you could quite easily find something. Property in the $80-$100k range gets $150-$170pw.
    Insurance is higher than average, due to location though.

    Being 3/4 hour drive to Townsville, you might see a flow on effect with property prices if/when things start to move up there again, but you wouldn't want to bank on it...

    It's not somewhere I'd invest in at the moment, but only because it doesn't suit our strategy.
     
    Icarus, 23rd Oct, 2018
    #10