making money from property now

Discussion in 'Investment Strategy' started by MTR, 14th Oct, 2015.

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  1. Azazel

    Azazel Well-Known Member

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    Looking like there will be a glut of apartments in Summer Hill/Leichhardt near 'the Mill' - but I thought that about the foreshore in Canbrrr.
     
    Azazel, 15th Oct, 2015
    #41
  2. gman65

    gman65 Well-Known Member

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    Brisbane has a general oversupply of rentals presently.. need to take into account accordingly. Longer term may be a good thing as casual investors will be scared off, and eventually undersupply will occur. But talking 3-5 years.

    People speculating on 10%+ short-term gains as they have in Sydney and Melbourne will need to get smarter.
     
    gman65, 15th Oct, 2015
    #42
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  3. MindMaster

    MindMaster Well-Known Member

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    Sounds good. How do you create high yield rental properties? Anything along the line of granny flats, dual occupancy or multi unit developments or student accommodation?
     
    MindMaster, 15th Oct, 2015
    #43
  4. Francesco

    Francesco Well-Known Member

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    Thanks for the information. I will have to do some research on what are the applicable circumstances.
     
    Francesco, 15th Oct, 2015
    #44
  5. DaveM

    DaveM Well-Known Member

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    Thats very deep for you @datto have you been smoking some of these "crops" you have been harvesting?
     
    DaveM, 15th Oct, 2015
    #45
  6. Tim86

    Tim86 Well-Known Member

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    I do granny flats and student accommodation. Plus reno the house so it's nicer and gets a higher rent.
     
    Tim86, 15th Oct, 2015
    #46
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  7. datto

    datto Well-Known Member

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    Yeah man......everything's cool....
     
    datto, 15th Oct, 2015
    #47
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  8. Propertunity

    Propertunity Well-Known Member

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    Dave's not here man....
     
    Propertunity, 15th Oct, 2015
    #48
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  9. datto

    datto Well-Known Member

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    That's cool. Maybe he's getting something to munch on.
     
    datto, 15th Oct, 2015
    #49
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  10. Elives

    Elives Well-Known Member

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    granny flats in brissy? bcc doesn't allow it though?
     
    Elives, 15th Oct, 2015
    #50
  11. Chrispy

    Chrispy Well-Known Member

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    I bought Westpac shares
     
    Chrispy, 15th Oct, 2015
    #51
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  12. Tim86

    Tim86 Well-Known Member

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    They do under certain circumstances. The main thing is they don't like you renting them out to different households on different tenancy agreements etc....

    Who knows, maybe one day BCC will realise that not everybody in Brisbane is married with 2 kids and there are actually individuals in the city that like to rent affordable accommodation.
     
    Tim86, 15th Oct, 2015
    #52
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  13. MindMaster

    MindMaster Well-Known Member

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    Good to know, thank you.

    Granny flats are pretty straight forward. What kind of set up do you have for your student accommodation IPs? Something like bedrooms individually let to students or specialized student accommodation units?
     
    MindMaster, 16th Oct, 2015
    #53
  14. Tim86

    Tim86 Well-Known Member

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    Its all on the one tenancy agreement but people just pay me a set amount per room. Less than half of the tenants that rent a room are even students. Lots of people just want a affordable room as they may be on low paying jobs etc...

    If you are considering this option I would recommend ensuits for the bedrooms as share accommodation is getting more competitive and you need something different to rise above the competition.
     
    Tim86, 16th Oct, 2015
    #54
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