You should redo this one again now. A $300k house back then went up to become a high $400k - low $500k now, in only a year. And blocks of land - $130k?? Try double that now.
I felt to mention Martin that at 9:30 in you mentioned an overly priced property but the one listed for 920 to 1 mill at 3 Hall Lane was in fact for 4 villas sold as one. But a great report. I am interested in Gympie because it is very affordable but less than an hour from the Sunshine Coast.
Gross yield is price to rental (assumed 100% let). Net rental is real net cash return, after allowing for vacancy, maintenance, agents fees and other real life costs.
@@WalkTheWorldDFA thanks very much Martin, I have been a long term buy and hold @12+ properties over 20 years, acquired over the 20 years and the last one bought in 2016. Property holding costs average 25% off my rental income on top of my mortgage payments for my properties over time; yes anecdotal, however long term numbers, over an ok individual sample. Underestimating this 25% holding cost is what most unexperienced wanna be do, I did. Thanks again. Once I got this, I leveraged less less and mangEd cash flow according,y. Keep up the good work mate.
This is why older houses elevated on stumps were called "Queenslanders" obviously people were a lot smarter 60 years ago. Building on flood plains aren't a problem if you build with that potential environmental situation in mind, I have no sympathy for people who buy in these new estates on flood plains and build low set homes.
Kind of reminds me of crypto. Where Bitcoin booms then the shitcoins go off once money propagates outwards. Could do a 10x in some of these spots maybe going by that theory. Aus housing markets on about the same level. What do you do fir work at these places? Or do you just use it as a principle place if residence then jump on a gov UBI until you sign out?
