Lo­cal prop­erty yields re­sults

Townsville Bulletin - - Investor - Tony Rag­gatt

DE­SPITE slow cap­i­tal growth in Queens­land through 2010 and re­cent Cy­clone Yasi, NAB Pri­vate Wealth gen­eral man­ager David Pourre main­tains smart in­vestors can still find value in Townsville prop­erty this year.

‘‘ Growth is ex­pected to con­tinue to be slow in 2011, how­ever, there are still some sub­urbs out­per­form­ing oth­ers in Townsville, of­fer­ing re­spectable gross yields,’’ he said.

Sta­tis­tics from the Real Es­tate In­sti­tute of Queens­land show the best per­form­ing Townsville sub­urbs in the Septem­ber quar- t e r w e r e Gul­liver, Her­mit Park, Idalia, Wul­guru, Alice River, Bohle Plains, K i r w a n , T h u r i n g o w a C e n t r a l , South Townsville, West End, Bur­dell, Bushl and Beach, Deer­a­gun and Mount Low – all with gross yields of around 5 per cent.

Mr Pourre said it was sub­urbs like these that would con­tinue to of­fer in­vest­ment po­ten­tial in 2011 as long as in­vestors did

David Pourre their re­search and got their fi­nan­cial struc­tures right.

DBA Prop­erty So­lu­tions di­rec­tor and prop­erty in­vest­ment men­tor Danny Bux­ton said in­vestors needed to re­move the heart and re­place it with a cal­cu­la­tor.

Mr Bux­ton said it was es­sen­tial to re­search the mar­ket value of prop­erty in pre­ferred ar­eas by search­ing the in­ter­net and RP Data, at­tend­ing aucti ons, speak­ing with es­tate agents and prop­erty spe­cial­ists and read­ing news­pa­pers for auc­tion re­sults.

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