 | | From: | BB | | Subject: | Salt (kingscliff development) | | Date: | Sun, 16 Jan 2005 18:04:45 +1100 |
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 | Hey all,
Wondering if any of you had taken a look at this place its pretty close to
kingscliff on the far north coast. Anyone got opinions
as to if it could be profitable? I saw a few blocks very close to the
beach (about 100m walk) for 400k (roughly 600 - 640 m2) .
Anyone got a forcast on what such property could be worth in 12 - 24 months?
THanks
B
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| | From: | sarge | | Subject: | Re: Salt (kingscliff development) | | Date: | Sun, 16 Jan 2005 18:13:08 GMT |
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| BB wrote:
> Hey all,
> Wondering if any of you had taken a look at this place its pretty close to
> kingscliff on the far north coast. Anyone got opinions
> as to if it could be profitable? I saw a few blocks very close to the
> beach (about 100m walk) for 400k (roughly 600 - 640 m2) .
> Anyone got a forcast on what such property could be worth in 12 - 24 months?
>
> THanks
> B
>
>
Forecast price in 12 months $ 360 - 375K.
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| | From: | Lionheart | | Subject: | Re: Salt (kingscliff development) | | Date: | Mon, 17 Jan 2005 06:47:47 +1100 |
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"sarge" wrote in message
news:U8yGd.120925$K7.85827@news-server.bigpond.net.au...
> BB wrote:
>> Hey all,
>> Wondering if any of you had taken a look at this place its pretty close
>> to kingscliff on the far north coast. Anyone got opinions
>> as to if it could be profitable? I saw a few blocks very close to the
>> beach (about 100m walk) for 400k (roughly 600 - 640 m2) .
>> Anyone got a forcast on what such property could be worth in 12 - 24
>> months?
>>
>> THanks
>> B
>>
>>
> Forecast price in 12 months $ 360 - 375K.
By whom?
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| | From: | sarge | | Subject: | Re: Salt (kingscliff development) | | Date: | Tue, 18 Jan 2005 08:54:43 GMT |
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| Lionheart wrote:
> "sarge" wrote in message
> news:U8yGd.120925$K7.85827@news-server.bigpond.net.au...
>
>>BB wrote:
>>
>>>Hey all,
>>>Wondering if any of you had taken a look at this place its pretty close
>>>to kingscliff on the far north coast. Anyone got opinions
>>>as to if it could be profitable? I saw a few blocks very close to the
>>>beach (about 100m walk) for 400k (roughly 600 - 640 m2) .
>>>Anyone got a forcast on what such property could be worth in 12 - 24
>>>months?
>>>
>>>THanks
>>>B
>>>
>>>
>>
>>Forecast price in 12 months $ 360 - 375K.
>
>
> By whom?
>
>
Me.
BB asked if anyone had a forecast so I chucked one in. Chances of it
being the right forecast around 50% - but again that is only in my
opinion and the price could be higher or it could be lower.
Also, I have a piece of string - would anyone like to forecast how long
it is going to take me to roll it up.
But, if you want my reasoning it is this: Property booms generally start
in Melbourne and advance north. Likewise property busts generally start
in Melbourne and head north. By my reckoning the property bust is
currently around the Port Macquarie/Coffs Harbour area of NSW. By this
time next year it will be around the Tweed Heads/Gold Coast/Brisbane
area. That being the case and allowing for a fall of around 10% the
prices will be down in the $360K-375K region.
But again as I said it is only my opinion and should not be relied upon
by anyone other then those that pay me for it and other associated nutters.
sarge
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