The hardest thing to get right

Discussion in 'Investor Stories & Showcase' started by See Change, 16th May, 2021.

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  1. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Be lucky pick something up around close to 600k I'd say
     
    Property Twins, 21st May, 2021
    #21
  2. Kushanda

    Kushanda Well-Known Member

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    Which areas in Brisbane and would they not be low socio hence have tennant issues?
     
    Last edited by a moderator: 13th Jun, 2021
    Kushanda, 13th Jun, 2021
    #22
  3. skater

    skater Well-Known Member

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    Why do you assume that low socio have tenant issues? I've had very good tenants in low socio areas & bad tenants in other areas. Lack of income does not necessarily mean lack of care. What you need is a good PM in ANY area.

    As for which areas in Brisbane, maybe do some DD.
     
    skater, 13th Jun, 2021
    #23
    Meeds, boganfromlogan, Cousinit and 1 other person like this.
  4. Kushanda

    Kushanda Well-Known Member

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    Have spent some time reading some learnings and stories from some property gurus of this forum and that has been mentioned a couple of times.
     
    Kushanda, 13th Jun, 2021
    #24
    Gladys and skater like this.
  5. Property123

    Property123 Well-Known Member

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    Brisbane has moved a lot. The middle ring suburbs I have properties in have moved 60- 70% in the last 7 years now. Even Woodridge has moved close around 50% in the last 7 years. The last 3 months' growth was explosive. Is it time to buy in Perth now which has done nothing in the last 10+ years?
     
    Property123, 3rd Oct, 2021
    #25
  6. Cousinit

    Cousinit Well-Known Member

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    Which areas of Perth are you considering?
     
    Cousinit, 6th Oct, 2021
    #26
  7. MTR

    MTR Well-Known Member

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    Read posts on Perth

    Many markets are moving.

    last boom cycle in Perth was 2013/14. Many missed this one

    Its been a long time between drink in Brissy too. I just think Brissy market is currently moving faster. But i am seeing this now happening in Perth
     
    MTR, 6th Oct, 2021
    #27
    Cousinit likes this.
  8. Property123

    Property123 Well-Known Member

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    I am considering Forrestfield, High Wycombe, Gosnells, Maddington, Thornlie, Brookdale, Armadale, Kelmscott and Cooloonup
     
    Property123, 10th Oct, 2021
    #28
  9. Property123

    Property123 Well-Known Member

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    I am sure Perth is accelerating and a lot of investors will start to flood into Perth once Brisbane becomes less affordable and yield becomes lower.
     
    Property123, 10th Oct, 2021
    #29
  10. MTR

    MTR Well-Known Member

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    Its happening now.

    Keep getting pms to analyse deals

    RE agents have told me many investors from ES buying up. I think in main buying lower end as its cash flowing or close. Rental market is strong
     
    MTR, 10th Oct, 2021
    #30
  11. Property123

    Property123 Well-Known Member

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    Brisbane has done so well recently and it is so hard to get a good deal there. I start to see more value in the Perth market. However, there is an alarm bell in my head always reminding me that Perth relies too much on mining.
     
    Property123, 10th Oct, 2021
    #31
  12. MTR

    MTR Well-Known Member

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    I have diversified and have also followed cycles.

    I guess you have to go with your gut
     
    MTR, 10th Oct, 2021
    #32
  13. sash

    sash Well-Known Member

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    Yeah just diversify 100k on black and 100k on red.;)
     
    sash, 11th Oct, 2021
    #33
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