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QLD Helidon "Hot Spot"

Discussion in 'Where to Buy' started by Lenny, 21st Sep, 2015.

  1. Lenny

    Lenny Well-Known Member

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    Hi. I'm considering buying some IP and came across Helidon using the RE.com.au website. I'm concerned though that the yields are not high enough to make it cashflow positive. Would a pw rental yield of 7716.1% (~$360k) achieve this...?

    What do you guys think? :)
    (snickers)

    helidon.JPG
    helidon2.JPG
     
    Last edited: 21st Sep, 2015
  2. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    I think 7,716% rental yield should achieve a positive cash flow OK. :)
     
  3. Lenny

    Lenny Well-Known Member

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    Thanks Alan!

    I'm concerned that they mean gross yield only and not net yield. Do you think a $360,000pw return would cover ALL expenses? :oops:

    Possibly negatives:
    - capital gains don't look that good
    - rental income needed is around 3-4 times the rent so I just need someone who makes around 1.5 million pw. So I just need a CEO in Helidon.

    ;)
     
    Last edited: 21st Sep, 2015
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  4. Lenny

    Lenny Well-Known Member

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    Sorry was feeling very silly yesterday, and thought I'd have some fun with it.

    Just goes to show you can't use just one source for research. Pretty strange that RE.com.au can get this so wrong and still not fix it.
     
  5. jodes

    jodes Well-Known Member

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    At first I thought you were some kind of idiot ... :) But now I think this is the funniest thread on PC to date !! I LOL'd at work
     
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  6. Lenny

    Lenny Well-Known Member

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    Glad I got one laugh @jodes ... :D
     
  7. York

    York Finance Broker Business Member

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    There a few other threads which you can laugh at...namely ones with a certain member posting OTP questions over and over and over again. ...that makes for a good laugh too...some say he's a troll, some say he is dead set serious....who know's....:D
     
  8. Lenny

    Lenny Well-Known Member

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    Brisbane
  9. York

    York Finance Broker Business Member

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    He asks about OTP in just about every new estate in Sydney....then he started asking about every new estate in Brisbane. He hops around different areas alot. He also likes to post links l....alot of them, sometimes in the same post. Apparently he also finds REAs a reliable source of informaton.