Opportunity -- Property -- After 20 yrs its here again

[Junior]

This is the one I picked up.

https://www.realestate.com.au/property/25-shoreline-ave-sellicks-beach-sa-5174

How much would that have cost to build?

 

[tech/a]

Land 700 square meters say $250k bargain at $200k there is land available in the same few streets.
Building single story 350 square meters low end $1500/ square meter
But say bargain built $1200 a square meter so $420k
Bargain total $620k but likely high $600ks
That doesn’t include landscaping/driveways enclosed garage in the rear.

I paid $470K last sale was $520k

 

[moXJO]

Land 700 square meters say $250k bargain at $200k there is land available in the same few streets.
Building single story 350 square meters low end $1500/ square meter
But say bargain built $1200 a square meter so $420k
Bargain total $620k but likely high $600ks
That doesn’t include landscaping/driveways enclosed garage in the rear.

I paid $470K last sale was $520k

Looks good tech. What are the rents like that way?

 

[tech/a]

Have it rented at $400 They move in a week after settlement.

 

[Junior]

Have it rented at $400 They move in a week after settlement.

Sounds like a winner. If all else fails you can go & live there.

 

[wayneL]

Have it rented at $400 They move in a week after settlement.

Jesus... Cheaper rent than Qld.

That'd be 530 all day long here, maybe more.

 

[tech/a]

Jesus... Cheaper rent than Qld.

That'd be 530 all day long here, maybe more.

If you can make room for me Wayne!

 

[wayneL]

I think there's some reasonable opportunities here in Queensland, John. And if you go a little bit out of the square some really good ones.

 

[tech/a]

I was shooting up to Radges Seminar but had to cancel
due to a staff run of unforeseen issues leaving me without
senior staff for a week if I went!

Ah the sacrifices we make!

But frankly I like them just down the road! (IP's)

 

[aus_trader]

I was shooting up to Radges Seminar but had to cancel
due to a staff run of unforeseen issues leaving me without
senior staff for a week if I went!

Ah the sacrifices we make!

But frankly I like them just down the road! (IP's)

Yes, it's hard to find a good agent to manage everything if the property is interstate IMO. Worse still, if the property got trashed by the tenants or flooded in the case of QLD, I think it's so much easier if you are a local landlord.

 

[wayneL]

And I wouldn't say Queensland agents are the best

 

[sptrawler]

Yes, it's hard to find a good agent to manage everything if the property is interstate IMO. Worse still, if the property got trashed by the tenants or flooded in the case of QLD, I think it's so much easier if you are a local landlord.

Over the years I have had some mind boggling opportunities, with regard properties located away from home e.g brand new appartment in St Katharines dock marina 80,000 pound early 1990's, brand new 4x2 town house bondi beach $800k 2002.
Do I wish I had bought them, yes for the profit, no for the sleepless nights worrying like $hit.

 

[qldfrog]

This is the one I picked up.

https://www.realestate.com.au/property/25-shoreline-ave-sellicks-beach-sa-5174

how much or is it too early to say?
Good on you @tech/a

 

[sptrawler]

.
I paid $470K last sale was $520k

If I was 40, with $hit loads of shares, I would be off loading enough to purchase a property that I wanted to end up in.
Then negative gear it for the next 20 years, and continue on my merry way, I'm with you Duck these opportunities don't present many times in your life.
Just my opinion and I'm too old to take advantage of the opportunity.

 

[tech/a]

Never too old mate
I’m ancient and still having fun

 

[sptrawler]

Never too old mate
I’m ancient and still having fun

I would be in, but the other half isn't interested, so there is nothing but downside.
Happy wife happy life, sad but true.

 

[qldfrog]

My apology tech/a asked the price. After you gave it..missed posts.. thanks for your openness
I come from a time where purchase at $xyz thousand would translate to $xyz a week rent.
Is that not true anymore?

 

[kid hustlr]

Looks good tech and agree numbers stack up in what appears a good spot (only been to adelaide twice both for work).

Incredible you know that home is a multi million dollar home (easy) in the nicer parts of sydney

 

[tech/a]

Sydney is a whole new world
We have priced some work there
Haven’t won anything yet but
Price difference is massive in everything.

 

[moXJO]

Sydney is a whole new world
We have priced some work there
Haven’t won anything yet but
Price difference is massive in everything.

It's funny like that. If you find the right places you can get stuff manufactured for half the price of what it is out of Sydney. Yet the installers are often twice the price and slap it up. Rents and homes are ridiculously priced and I just don't see them coming down much inner-city (unless it's a condemned block of units).