QLD Eagleby, QLD - advice needed

Discussion in 'Where to Buy' started by Taku Ekanayake, 30th Aug, 2015.

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  1. Sea Eagles88

    Sea Eagles88 Well-Known Member

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    haha yeah. I work at North Sydney
     
    Sea Eagles88, 1st Jun, 2016
    #61
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  2. Simon L

    Simon L Well-Known Member

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    How does next Wednesday sound? 12:30pm @ meet@105? If its too busy there's a few other ones around there...
     
    Simon L, 1st Jun, 2016
    #62
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  3. Sea Eagles88

    Sea Eagles88 Well-Known Member

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    I'm just nearby 105, so I'm fine with that if Taku can also make it, really like to find out more about Eagleby.
     
    Sea Eagles88, 1st Jun, 2016
    #63
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  4. larrylarry

    larrylarry Well-Known Member

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    Meet @ 105 - Sydney ? I should be okay to meet unless something urgent comes.
     
    larrylarry, 1st Jun, 2016
    #64
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  5. DDBY

    DDBY Member

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    Hi Gents, I new to the forum, live around the North Sydney area and would be keen for a meet afterwork if you ever look at getting together.
     
    DDBY, 1st Jun, 2016
    #65
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  6. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    Yep, can do next Wed, 12:30pm.
    Looking forward to it.
     
    Taku Ekanayake, 1st Jun, 2016
    #66
  7. sunnyskies

    sunnyskies Well-Known Member

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    Eaglby got a good mention in today's HTW. Are you seeing increased interest in this part of southern Logan?
     
    sunnyskies, 1st Jun, 2016
    #67
  8. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    Hi @sunnyskies,
    Can you please post the link of the HTW youre speaking about?
     
    Taku Ekanayake, 1st Jun, 2016
    #68
  9. sunnyskies

    sunnyskies Well-Known Member

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    sunnyskies, 1st Jun, 2016
    #69
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  10. David Shih

    David Shih Mortgage Broker Business Member

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    I'm having next week off so I'll put down as a maybe at this point. Will try make it but if not then next time :)
     
    David Shih, 1st Jun, 2016
    #70
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  11. Azazel

    Azazel Well-Known Member

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    Azazel, 1st Jun, 2016
    #71
  12. Ash

    Ash Well-Known Member

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    I am in for anything in North Sydney next week.Have we decided the venue ?

    @LeMU @House Please Join if you can
     
    Ash, 1st Jun, 2016
    #72
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  13. Vincent Y.

    Vincent Y. New Member

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    Newbie here, i guess I missed the last Sydney meetup. My research also points me to Eagleby or kippa ring area for my first IP.
     
    Vincent Y., 2nd Jun, 2016
    #73
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  14. larrylarry

    larrylarry Well-Known Member

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    Meet at 105 Cafe, 1230pm
     
    larrylarry, 2nd Jun, 2016
    #74
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  15. Luke T

    Luke T Well-Known Member

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    There has been pheniminal interest in eagleby, over the past 1.5 years .So just have a good look at how much it has increased already over that time -Keep an eye out ,be careful for cooling down period
     
    Luke T, 4th Jun, 2016
    #75
  16. Peter P

    Peter P Well-Known Member

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    Just got on to this forum, thought I'd share my recent experience in Eagleby.

    House 3B1B1CP Nov15
    Purchase price $260K
    Rent $295pw
    Gross yield 5.9%

    Got bank val. Apr16 $270K

    Have planned with a builder to put a 2B1B1C gf early next year.
    Anyone this is a good idea?

    No problems with tenants, they have been there for a long time and take care of the property.

    One of the first properties I purchased on my own. Could have negotiated better, but learnt lots from taking action.

    Cheers,

    Peter
     
    Last edited: 4th Jun, 2016
    Peter P, 4th Jun, 2016
    #76
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  17. David Shih

    David Shih Mortgage Broker Business Member

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    Hi Peter,

    Well done on jumping on the Eagleby bandwagon last year and enjoy the thrill ride :)

    I would say this depends on whether you are still in acquisition phase. If you are then assume it'll cost you 100k to 120k to build the gf, this cost could also potentially go against deposit of another one or two properties in Logan or somewhere else.

    If you are already finished acquisition phase and are wanting to increase cashflow then the question to ask would be how much return would you get out of the gf and whether there is demand for this type of dwelling?
     
    Last edited: 4th Jun, 2016
    David Shih, 4th Jun, 2016
    #77
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  18. Luke T

    Luke T Well-Known Member

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    Well done Peter,
    As others have said but also just make sure the bank will take the granny flat as equity added value to the property as a whole once completed as some will not give you any extra value on the property or will only give part.This makes it harder to buy yr next property as ties up yr equity
     
    Luke T, 7th Jun, 2016
    #78
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  19. larrylarry

    larrylarry Well-Known Member

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    larrylarry, 7th Jun, 2016
    #79
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  20. larrylarry

    larrylarry Well-Known Member

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    Something came up that requires urgent attention. What's not to like?
     
    larrylarry, 7th Jun, 2016
    #80
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