Gladstone is brilliant, anyone thinking of buying here to live, do it. Bought in mid 2023 and moved up from Brisbane, what would have been a deposit in Brisbane I was able to buy outright, and capital gains in 15 months has been insane. Gladstone had been flat for so long, it was a no brainer.
@@JohnResurreccion ideally I would be buying on the eastern side of cinema but if the right property came up in the West then I wouldn’t write the western side off completely.
Chasing yield in Subprime areas is risky. Mt Isa used to give 14% yields during the mining boom. Check 29 Carrara Road, Vaucluse, NSW 2030- Sold for $10.9m in 2020. One and a half years later sold for $26.9m without any work being done. Laughing to the bank while sleeping. This is why I am very skeptical of subprime suburbs. Much better to focus on blue chip suburbs. It is not Return per se that is important but Risk adjusted Return.
Purchased in glen eden, just out of Gladstone city. Gladstone region is all performing well and will continue to see growth over the years to come
Congrats mate 🙌🏼
Bought in Nov 23, 490k duplex, 6 weeks later valued at 520k.
This was picked as a cashflow oriented property! (8.9% gross rental yield), great buy.
Bought my latest property in West Gladstone for 305k in January this year and it is now valued at 350k.
dude that's awesome!!! well done on taking action 🙌🏼
What is home insurance and council rates there? Thanks
Insurance around 2.9k including landlord's insurance, and rares around 3k annually @jamesm6341
@jamesm6341 around 2.9k including landlord's insurance(base on 500k rebuild), and 3k council rates annually
That's not healthy man!
Gladstone is brilliant, anyone thinking of buying here to live, do it. Bought in mid 2023 and moved up from Brisbane, what would have been a deposit in Brisbane I was able to buy outright, and capital gains in 15 months has been insane. Gladstone had been flat for so long, it was a no brainer.
Sounds like you’ve made a great move for your portfolio mate well done 🙌🏼
Is Gladstone prone to flooding like some of the areas in QLD
I bought in 2021 for 295K currently valued at $500K. If I was to buy again I would be buying in West Gladstone!
What are your insights?
@@JohnResurreccion on West Gladstone or Gladstone as whole?
@gladstonepropertymanager on West Gladstone. Are there more desirable areas on the suburb, say east side of the cinema or the west side?
@@JohnResurreccion ideally I would be buying on the eastern side of cinema but if the right property came up in the West then I wouldn’t write the western side off completely.
Thanks Todd and Arjun, this episode is much appreciated
no problem mate! glad you enjoyed it 🙂
Yes I remember Gladstone coming up in my searches when I was looking in March!
How about bundaberg? Low enough to avoid the higher insurance costs
would love to hear more about Bundaberg too!
Let's go West Gladstone!
🙌🏼
Go Gladstone!
Any thoughts about Boyne Island ? There are few really nice properties I like there but not sure how well all the data lines up ?
@@lglahiru if you’ve got the budget to buy in Boyne Island or Tannum Sands I would definitely be buying in Boyne!
How about Mackay?
Interesting advice, I understanding is Gladstone is not a boy and hold.
It's always advised not to hold a boy by his gladstones 😜
Lol 😎not to buy and hold.
I am wearing my glasses now
Lol 😎not to buy and hold.
I am wearing my glasses now
When was this recorded?
August so not that long ago, why’s that?
@@pizzaandproperty1246 Just helpful to know when some of these videos are recorded to provide context to the insights presented that's all. Thanks!
No problem mate
Chasing yield in Subprime areas is risky. Mt Isa used to give 14% yields during the mining boom. Check 29 Carrara Road, Vaucluse, NSW 2030- Sold for $10.9m in 2020. One and a half years later sold for $26.9m without any work being done. Laughing to the bank while sleeping. This is why I am very skeptical of subprime suburbs. Much better to focus on blue chip suburbs. It is not Return per se that is important but Risk adjusted Return.