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newbie - please be kind...

Discussion in 'Introductions' started by ozdrjohn, 12th Feb, 2016.

  1. ozdrjohn

    ozdrjohn Member

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    12th Feb, 2016
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    Location:
    nsw
    hi all - just had this site referred by my broker and looking forward to swapping and sharing info. am not new to landlording (10+ yrs exp) but looking to go to the next level.
     
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  2. ellejay

    ellejay Well-Known Member

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    Kimberley and NZ
    Hey, a very warm welcome! Do you want to say a bit more about yourself and where you've been investing, future plans etc? Then people can chip in. Up to you?
     
    Last edited: 12th Feb, 2016
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  3. BigKahuna

    BigKahuna Well-Known Member

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    Hello Dr Oz. Welcome.
     
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  4. ozdrjohn

    ozdrjohn Member

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    thanks for the welcome. have been a landlord for 11 yrs (though grew up with parents with investment properties in sydney), am 52 and looking to build income replacement - love lecturing in finance at university level, but wanting to get on to the next phase of more sailing and less teaching. have properties in tweed, coffs, amidale and cremorne but trying to build proper income replacement. have a good broker, currently looking in se qld for good NET yield (some councils are out of control!). hope that helps you work out where im at and any wisdom most welcome. j
     
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  5. D.T.

    D.T. Adelaide Property Manager Business Member

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    Yep, council and insurance (and body corp if applicable) are quite pricey in SEQ!
     
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  6. ozdrjohn

    ozdrjohn Member

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    strategy is trying to pick up 2br apartments in the $170-275k range, regional no problem. looking for revenue - growth optional. hope this clarifies...
     
  7. ozdrjohn

    ozdrjohn Member

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    around logan, outgoings of $6-8k - no wonder nobody can afford to buy there!
     
  8. ozdrjohn

    ozdrjohn Member

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    am open to ideas in adelaide??
     
  9. D.T.

    D.T. Adelaide Property Manager Business Member

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    Your best bet is to spend a day reading the SA threads to get an understanding first, then reach out to the people who contribute the most for more specifics.

    Where to Buy enjoy :p
     
  10. ellejay

    ellejay Well-Known Member

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    Aka DT. He's referring to himself :)
     
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  11. ozdrjohn

    ozdrjohn Member

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    thanks
    thanks d.t. have friends there too so let's see what they can help with. need a 7%+ gross typically on standard 2br to make it work for us and if you guys have anything on your books lets talk
     
  12. York

    York Finance Broker Business Member

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    Hi OzDr. Yes rates and insurance are high in Logan. Yields have dropped recently as prices have been slowly climbing for some time now. There were some great buys in Logan from some members here. 7-8+% yields were possible not too long ago.
    If you're looking for a CF play, Adelaide has some very enticing options. Speak with @D.T. He is the resident expert on Adelaide metro.
     
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  13. ozdrjohn

    ozdrjohn Member

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    l
    let's hope we're all trying to make a market - i am ex-asic aust-wide derivatives specialist and a phd in finance. am aware some might be talking their book. if the deal is interesting it'll get a look in. if it's **** it'll get referred
     
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  14. BigKahuna

    BigKahuna Well-Known Member

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    @Xenia is also very knowledgeable and knows the market in Adelaide very well. She's been operating there for 10-plus years and has a wealth of experience. She's helped me out with property issues.
     
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  15. Xenia

    Xenia Adelaide Property Manager Business Member

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    Thanks BK
    Welcome to the forum Dr John, tell me more about PhD in finance.

    Always happy to answer any specific questions on the Adelaide market.
     
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  16. ellejay

    ellejay Well-Known Member

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    You've lost me. I don't think DT's looking for work.
     
  17. York

    York Finance Broker Business Member

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    By the way @Xenia also has a PhD. :)
     
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  18. Xenia

    Xenia Adelaide Property Manager Business Member

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    Mine was in medical science

    A PhD in finance would be very cool.
    So would a PhD in law, no one would be able to argue with you.
     
  19. bob shovel

    bob shovel Well-Known Member

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    I have 2 phd's! :p had some good luck with my weet bix!

    Welcome aboard! Looking forward to your posts
     
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  20. Azazel

    Azazel Well-Known Member

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    Just had a look, is Elizabeth metro? Looks like it's a fair way out on the map.