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zaph

I'm buying up Ipswich

9 posts in this topic

IPSWICH is a goldmine for property investors, according to an entrepreneur who has just bought his 68th home in the city.

Todd Hunter has bagged a swag of local homes in recent months, including six in the past week, because he believes our property market is significantly undervalued.

If he's right and property prices soon start to climb, the Sydney businessman and his backers stand to make a fortune.

Mr Hunter scours Australia to find the next property hotspots, and has concentrated his purchases in the rapidly expanding suburbs of Redbank Plains and Bellbird Park, while also investing in Bundamba.

"I prefer properties that are $300,000 or less and look for areas or really high population growth, and I always buy properties when the market is dead," he said.

The majority of properties purchased through his company the Where Group are four bedroom homes, which rent out for $310 to $330 a week.

edit - http://www.qt.com.au/story/2012/03/08/im-buying-up-ipswich-market-to-turn-mid-year-inves/

yields of 5% in a area like Ipswich are not spectacular.

Edited by zaph

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Who the f*ck is lending to this idiot (logging on to online broker in new tab)?

because he believes our property market is significantly undervalued.

The moon is made of cheese grommit!

tumblr_lu6xxjhHHy1qzx24bo1_400.jpg

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Who the f*ck is lending to this idiot (logging on to online broker in new tab)?

The moon is made of cheese grommit!

tumblr_lu6xxjhHHy1qzx24bo1_400.jpg

http://www.wheregroup.com.au/

Mark um up, move em on.

The wHeregroup, are a specialist Buyer’s Agency, finance & SMSF firm who focus on providing wealth creation strategies through property for individuals.

The wHeregroup purchase property for themselves and customers by researching locations with the following key attributes;

• High population growth

• Undervalued areas in comparison to neighboring (sic) suburbs

• Areas with substantial decreases in value since the previous peak of the property cycle

• Areas with high rental demand and return

By understanding these key attributes, it became apparent that anyone could grow an affordable property portfolio, whilst still being self sufficient regardless of the financial climate if they just followed a game plan.

The wHeregroup saw an opportunity to be able to help more clients on a larger scale with a team of likeminded property investors who can all service their customers’ individual needs.

http://www.wheregroup.com.au/index.php?option=com_content&view=article&id=46&Itemid=2

i wonder how many of these he is actually keeping for himself and how many he is flogging off to other investors?

the author says 'our' property market, which probably refers to Ipswich, rather than oz.. bubbles aside, there is property similarly priced in greater Brisbane returning better yields and arguably better capital appreciation (or not as bad capital depreciation).

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lol so he invests others SMSF into property so he can claim i own 60+ houses? heres a tip stooges. if a fund manager describes funds assets as his, you prob aint seeing a cent back.

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lol so he invests others SMSF into property so he can claim i own 60+ houses? heres a tip stooges. if a fund manager describes funds assets as his, you prob aint seeing a cent back.

but he's investing his own money, he's putting his money where his mouth is. must be a great investment.

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Maybe someday he will be able to afford a lower-case h. "wheregroup" like where the f*ck did all my money go.

Yes a scheme where anyone can get rich. You'd be a fool to miss this opportunity...

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it says that he has a personal property portfolio of 50 - how did he borrow for all that?!

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Hmm ... targeting a lowish income sector of the market is Ipswich as a non-local is not too wise methinks.

I wonder if he has taken a little cruise around town to see it for himself, I doubt he would be investing all this money if he had!

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