Picks For Positively Geared Property

[drsmith]

Not exactly on topic but SA Govt announced duplication of the southern expressway in 4 yrs to South of Adelaide.

Unless a second CBD is developed adjacent to Flinders Medical Centre it won't be of much use.

The big $$ for transport infrastructure (including Federal money) is happening to Adelaide's north.

 

[James_w]

Well, being close to Maryborough has little to recommend it imo.
Also hot in summer and cold in winter, and boring as all hell, apart from a few historic buildings.
There's a good reason property is cheaper in Toogoom than Hervey Bay - few people actually want to live there.

I said some are cheaper not all your assumptions on more people want to live in hervey bay are dead wrong theres no difference in living in one end of hervey bay itself then toogoom actually schools shopping centre etc are closer in some circumstances,

the main problem is people move to hervey bay from out of state etc and have no idea where toogoom is and think it's in the sticks when infact it's
13mins or less away with daily transport heres an example sydney couple drive 40mins to work live in a nice beachside suburb move to hervey bay after a few years decide to travel to the miles away toogoom and realise it has shops pub on the beachfront daily transport etc meanwhile theres a house there for under 300k brick 3 bedder about 100metres to the beach
on a 800sqm block they bought a townhouse for 350k+ no land componant etc andf feel they would be better off having a yard for there growing family and know comonwalls etc what do you think they will do?

investor reads the chronicle and does his dd sees that a coal mine is opening within the next 12months or less not to far away from toogoom beach
(most miners love the beach) finds out it's only 13mins to hervey bay city
and short trip to the mine seems to need about 100 fulltime empoyees who will be looking for somewhere to live preferably near the coast and not a far drive to work remember contractors building the mine will also need accomdation untill the mine is fully operational.

btw this isn't just pure speculation I have friends in the mines and know of at least 4 family's wanting to move here for there sector alone

fast forward 2yrs later mines operational houses in toogoom are being chased by mine companies and workers what happens to the hosuing market then?

btw I personally believe toogoom has always been undervalued area

blocks were 25k in 1999 by memory most being 1/4 acre and a few hundred metres to the beach 10 years later there 110k for the 1 cheapeast block 600sqm and 1/4 acres fetching 160k

this is in the area no one wants to live houses were also 80k then for a 3 bedder brick now there worth around 270k

not a bad R.O.I wouldnt you say?

btw quite a few beachfront have sold in the mill range

commonsense tells me and being an ex miner myself if I was going to work at the mine I would be looking to buy in toogoom and for the last 15yrs I know of several miners have bought houses in toogoom rather then hervey bay itself I guess time will tell commonsense tells me anywhere near the beach close to a large city will have good growth: