Townsville Property Market Truth Bombs!
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- Опубліковано 8 вер 2024
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#Townsville #TownsvillePropertyMarket #TownsvilleInvestmentProperty
god bless the youtube algorithm for this video. ive been doing my numbers all week on a few townsville places and i cant make it worth either. this is the best bit of content ive seen on Townsville. Following your content! awesome video!
Should have ignored this vid it looks like haha, hopefully you went perth or some other FNQ town
Sure Insurance will resolve the high insurance cost in Townsville since I live in Townsville and have changed from Westpac to Sure Insurance.
HI Ula - yes I am aware of Sure Insurance, I will be monitoring insurance premium data closely. How long until 80%+ of the population move across?
What was the saving for you on your property?
@@RipehouseAdvisory I saved 1.5k per year. Mine is only 1.5k per year.
@@willhuang8682 Just did a quote - mine was $9,000 compared to current $3,000 with CGU...
Hey! Do not miss the launch of the brand new 'Even Playfield' system this Sunday night at 7pm.. there's some surprises in store. You can register here: www.ripehouseacademy.com/launch
i wouldn't invest in regional area's full stop, history proves poor capital growth, after 10years my strata titled duplex brand new build, had zero capital growth, wished i'd invested in Brisbane , would have tripled my money !!!
I have lived in Townsville all my life; I would not invest if after capital growth.
Thanks Jacob for deep diving into Townsville as promised this week. Really appreciate your in depth analysis and does make me re-assess.
Happy to help!
Hey! Do not miss the launch of the brand new 'Even Playfield' system this Sunday night at 7pm.. there's some surprises in store. You can register here: www.ripehouseacademy.com/launch
How about Gladstone Queensland?
Love the content keen to see your take on Gladstone QLD
Can you please do a deep dive for Gladstone QLD? Sectors are diverse but seems to be under the radar. Thanks.
Rockhampton's not in Far North Queensland, when I go to Cairns they think of me as a southerner, Evan makay is only just considered north Queensland, the sign that says welcome to Far North Queensland is north of Townsville, Rockhampton definitely has the most stable economy and way lower crime then north Queensland, it also still has a lot of old heritage feel in the center as well as a leafy old money suburb, I love North Queensland because it's so fun and beautiful and the people are more friendly, but once you factor for climate, job opertunities housing costs and the fact but you can still swim in the ocean without being attacked by a crocodile in central Queensland, Rockhampton objectively has more going for it
Great data and analysis.
One year on how are we looking ? Thoughts on Idalia?
Very interesting data and analysis!
Glad you enjoyed it
Indepth and awesome Jacob. I know time has moved since the video was made. Wondering if there is still room to buy and which suburbs?
Awesome video mate. Ive received an insurance quote for $1800 in Townville... Perhaps that would change your calculation cheers
@@dannyn6762 is that landlord insurance or owner occupier ?
Thanks!
Could you please analyse Alice Springs property market?
Comprehensive analysis..
Glad you enjoyed! :)
Thanks Jacob. Awesome work on the analysis, keep up the awesome content coming through. I can't seem to find the "spent per capita comparison" table in my view? What is your next region for market research? Also, do registered users have access to your cashflow spreadsheet?
Rockhampton!
Why is new supply never mentioned when discussing Ipswitch? Isn't it a concern?
Rockhampton added to the list (p.s it's good!) Supply should always be added to the equation, sometimes you're given the 'storyline' you want to hear as they have invested interests :(
hi is townsville still a good buy for 2024 ?
yes, townsville is expected to grow rapidly to 2030
Jacob, your analysis and the way of presentation is exceptional. This is pure gold.
Thank You Amit, we are always looking to improve!
Thanks Jacob for the detailed analysis. Would you do Beenleigh in QLD please.
Sorry for the delay, Thanks for the recommendation. Now we have a poll each and every week over in the 'high performance property investment' group, member put there areas of interest in and 3 are chosen each and every week! Hop on over to: facebook.com/groups/highperformancepropertyinvestment , lots of extra great content and free data reports there too.
Hey Jacob. Great video as always. While browsing I came across a couple of projects that were not captured in the video. First the agreement with Singapore to train their army personnel at Greenvale near Townsville at an initial cost of $800m. Granted it's a bit far from the city but do you think this will have positive impacts on the local economy? Other was a James Cook university masterplan for $1b total. I don't think this is funded and does seem very ambitious on paper.
Also do you think that one of the reasons the region didn't have significant growth in the past few years despite good metrics was the overexposure compared to other parts of Australia. The industry suffered greatly during covid and resulted in potentially subdued economic activity and demand in the region or is it just the cost of insurance causing low house price growth?
Thanks Tushar, I'm out of time and that is a lot to cover so for now I'll just talk about the Singapore training base if that's ok. There's two things to, by having a base. The real benefit of it is the manufacturing side, job employment. The other side is... well, if war were to break out, our enemies will target those bases... not the best feeling being near a base or town for that matter which in a war situation would be a likely be an area that would be attacked. That's just my hyptohesis.
Hey! Do not miss the launch of the brand new 'Even Playfield' system this Sunday night at 7pm.. there's some surprises in store. You can register here: www.ripehouseacademy.com/launch
Aesthetically amazing!
I agree
You've got a good eye!
NSW Central West Lithgow, Bathurst, Orange, Dubbo
Sorry, just seen this, apologies for delay. Wagga Wagga is up this Friday! Have added your recommendations to the discussion for the following week!
Lithgow needs immigrants to improve the place especially the council
What the f-
This is the real powerpuff girl place
Oki doki.
Great video. Thanks 🙏
Thanks Mark! Slap that bass :)
😂😂
Is Currajong good suburb to invest right now? In the map which you pointed as good potential growth suburbs, may I know what are they.. I am thinking about Cranbrook and Gulliver.
Just to re-iterate, Townsville is currently NOT (even) in my Top 20 LGA's in the country at the moment.
There is far better data (the right data) in many other locations PLUS much better buying. I have already seen multiple large buying groups active in Townsville for the last 9 months.
When large buying groups (could include large BA's, course subscribers etc) enter a market - you need to exit. Use these large groups to deliver you the growth - do not follow them. I like to position myself just before them - front running demand.
Not to mention - the most important point, is high insurance premiums. There are lower cost options entering the market, but it will take time for this to penetrate deeply into the market. Until then, price growth will be depressed.
As I said, there are FAR better areas worthy of our attention. Better New Projects, Better Employment, Better Population, Less Supply, Better Negotiations, Better Yields, Better Renovation Upside etc etc
But if I HAD to buy there - then yes, the pockets between Currajong, then Vincent, Heatley...
Can I ask what research or source is directing you to be bullish on Townsville? I am happy to critique...
@@RipehouseAdvisory Thanks, tats a great insight. Are you suggesting Vincent or Cranbrook/Kirwan is good. I heard Vincent is bit low socio economic from the PM's there. Yeah, the reason about looking into Townsville is since I have bought at Toowoomba, Bundaberg already. Planning for Adelaide North or Townsville in 300k-350k mark. Next once price drop occurs, I may plan for Regional NSW or Regional Victoria. Appreciate your videos and its really unique compared to others.
What about Mackay
Mackay added to the discussion for choosing on Monday :) 2 here for Mackay on this video alone!
Do you think that the 10 billion reinsurance pool will have an impact here?
Yes - It definitely might - but I would like to see insurance premiums come down across the board first.
Remember, it is not the premium that you are actually paying that is important for growth (it is obviously important to your cashflow).
It is the premium that MOST people are paying.
If most people cannot make the numbers work - then the buyers pool will still be compromised - demand will be compromised.
Important - The data has been excellent in Townsville for many years. But it has never really caught on - there are far better alternative locations in QLD (or across the country) without these WHAT IFS!
Elizabeth and surrounding suburbs in Adelaide please!
Thanks for putting these suggestions in, getting more on more enquiries on a 2nd deep dive into adelaide! :)
Adelaide is horrible place to invest just go figure why no one with real money invests in Adelaide takes
30 years to get any capital gains let alone the cheap rent not a good move to buy property there 😂
Hello Jacob, great video.. thank you. What is your take on Belmont, Lake Macquarie- Greater region in Central Coast, NSW? It’s not too far from Sydney
Hi Sunny, I will note down this request and schedule it for a future deep dive.
You might be interested in this Coffs Harbour deep dive - it is (Nearish) by: ua-cam.com/video/tILiGLym9gA/v-deo.html
@@RipehouseAdvisory I would also be interested in the areas Sunny mentions.
Bushland Beach?
Hey! thanks for the recommendation. Now we have a poll each and every week over in the 'high performance property investment' group, member put there areas of interest in and 3 are chosen each and every week! Hop on over to: facebook.com/groups/highperformancepropertyinvestment , lots of extra great content and free data reports there too.
You talk too much before the real stuff.
Yes having my first investment in Townsville at the start of 21 I can say I didn't think about the cost of insurance because all the other numbers look great.
Still on first investment, would you sell and buy somewhere else if you were in my position?
Depends on the individual property and your individual circumstances, we have a no-cost 20 year wealth plan that can be put together for you which could discuss the position on this property. If you're interested, simply email us at outreach@ripehouseadvisory.com.au
Invest in brisbane property market , if possible mate, stay away from investing in regional area's, i had zero capital growth in a brand new duplex after 10 years
@holyman4027 My brother bought a town house in Brisbane and had no capital growth after 10 years. Stats show regional areas can perform as well as capitals without the huge price tag needed
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