Somersoft Property Investment Forums  

Go Back   Somersoft Property Investment Forums > Property Investment Discussions > Where to Buy

Reply
 
Thread Tools Display Modes
  #1  
Old 23-02-2012, 10:19 PM
kerod kerod is offline
Member
 
Join Date: Feb 2012
Location: Mollymook NSW
Posts: 2
kerod is on a distinguished road
Geraldton? What are your thoughts???

Hey guys,

Im thinking of getting into the WA market to take advantage of the mining boom. Places like karratha and port hedland are out of my price range so I was thinking of Geraldton. The place is supported by several other industries and it looks like oakajee might go ahead. Then there is the 2.5 billion observatory that could be awarded soon. Do you think this is a good place to invest?
Reply With Quote
  #2  
Old 23-02-2012, 10:27 PM
Ergophobia Ergophobia is offline
Member
 
Join Date: Jan 2005
Location: Brisbane, QLD
Posts: 544
Ergophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the rough
I would buy there if I could... Gero isn't dependant on mining but will benefit from it... Mitsubishi are now actively involved in magnetite mining in the mid west as well as opr, so big things are on the way.
Reply With Quote
  #3  
Old 24-02-2012, 08:22 AM
Jake D's Avatar
Jake D Jake D is offline
Needs a good lie down
 
Join Date: May 2011
Location: WA
Posts: 1,303
Jake D is a splendid one to beholdJake D is a splendid one to beholdJake D is a splendid one to beholdJake D is a splendid one to beholdJake D is a splendid one to beholdJake D is a splendid one to beholdJake D is a splendid one to beholdJake D is a splendid one to behold
Would have been good to buy 3 months ago when Oakajee confidence was down. But still got some potential in my opinion.
__________________
I'm probably wrong...
Reply With Quote
  #4  
Old 24-02-2012, 08:31 AM
Mr Investor Mr Investor is offline
Member
 
Join Date: Feb 2012
Location: brisbane
Posts: 1
Mr Investor is on a distinguished road
Stick To Mining Towns In Qld

Have been in north qld for many years - its closer and still booming
Reply With Quote
  #5  
Old 24-02-2012, 09:39 AM
Aaron Sice's Avatar
Aaron Sice Aaron Sice is offline
Space Goat.
 
Join Date: Dec 2007
Location: Ocean Reef, WA
Posts: 11,191
Blog Entries: 2
Aaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond reputeAaron Sice has a reputation beyond repute
closer to who? are you suggesting WA isnt "booming"?

because from where i stand, no where in this country is "booming".....
__________________
try aaron.sice(at)gmail.com until my server is repaired.
www.handlepg.com.au
Got a question about development?
Reply With Quote
  #6  
Old 06-03-2012, 01:28 PM
mrsswan mrsswan is offline
Member
 
Join Date: Oct 2011
Location: Geraldton, WA
Posts: 7
mrsswan is on a distinguished road
Hey kerod- this morning there were seven ships waiting in line to get into the port- even if oakajee doesn't go ahead the mining side of things is absolutely cranking. Hubby working on the major development at the existing port at the moment and there are hundreds of millions being spent. You just need to drive around town and see how many mining cars are here now compared to a few years ago(and audis!).
The exciting thing coming up in April is the ska announcement- could be awesome! How cool to have such a huge project driven by science and technology rather than mining. Here's hoping- it really would put Gero on the map if it came through
Reply With Quote
  #7  
Old 06-03-2012, 01:39 PM
Ergophobia Ergophobia is offline
Member
 
Join Date: Jan 2005
Location: Brisbane, QLD
Posts: 544
Ergophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the rough
Quote:
Originally Posted by mrsswan View Post
The exciting thing coming up in April is the ska announcement- could be awesome!
im 99% sure the SKA will go ahead... We are already planning projects to avoid the SKA and designing them within the noise specifications in areas close by.

I heard a funny quote the other day "instruments have not yet been invented that can measure the noise we arent allowed to emit"
__________________
______________________________

no offer should be made that includes a :( for you, only :) and :D
Reply With Quote
  #8  
Old 06-03-2012, 02:16 PM
Dazz Dazz is offline
Banned
 
Join Date: Jan 2009
Location: Australia
Posts: 8,028
Dazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond reputeDazz has a reputation beyond repute
Born and bred in Gero.

Humble beginnings in the suburb of Rangeway, a few years back listed in some property rag as the worst suburb in the whole of Australia.

I'd have to agree.
Reply With Quote
  #9  
Old 06-03-2012, 10:07 PM
mrsswan mrsswan is offline
Member
 
Join Date: Oct 2011
Location: Geraldton, WA
Posts: 7
mrsswan is on a distinguished road
Hey dazza rangeway is pretty dodge but hey i can think of heaps worse! I grew up in mount tarcoola so we probably went to the same high school. Ergophobia your work sounds interesting- what do you do?
Reply With Quote
  #10  
Old 06-03-2012, 10:40 PM
Ergophobia Ergophobia is offline
Member
 
Join Date: Jan 2005
Location: Brisbane, QLD
Posts: 544
Ergophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the rough
Quote:
Originally Posted by mrsswan View Post
Hey dazza rangeway is pretty dodge but hey i can think of heaps worse! I grew up in mount tarcoola so we probably went to the same high school. Ergophobia your work sounds interesting- what do you do?
I am working on a number of magnetite mines outside Gero, trying to get the numbers to stack up to make oakajee viable.
__________________
______________________________

no offer should be made that includes a :( for you, only :) and :D
Reply With Quote
  #11  
Old 07-03-2012, 12:02 PM
mrsswan mrsswan is offline
Member
 
Join Date: Oct 2011
Location: Geraldton, WA
Posts: 7
mrsswan is on a distinguished road
Well Ergo keep working hard and get those numbers happening!
Kerod-Let me know if do decide to buy and what you are after- have some newly built props in good area if interested-or more than happy to give local opinion on any potential props you may have your eye on
Reply With Quote
  #12  
Old 20-04-2012, 01:10 AM
PCS PCS is offline
Member
 
Join Date: Apr 2012
Location: Geraldton WA
Posts: 1
PCS is on a distinguished road
Question Pcs

Hi Kerod

Have you decided whether or not to invest in Geraldton.
Reply With Quote
  #13  
Old 20-04-2012, 06:25 AM
Spiderman's Avatar
Spiderman Spiderman is offline
waffler
 
Join Date: Jun 2003
Location: Melbourne
Posts: 3,441
Spiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond reputeSpiderman has a reputation beyond repute
Only if the yield is sufficient to outweigh all the extra holding costs associated with having a more distant property AND you consider it better value than a capital city IP.

Last edited by Spiderman; 20-04-2012 at 06:55 AM.
Reply With Quote
  #14  
Old 20-04-2012, 10:00 AM
Belbo's Avatar
Belbo Belbo is offline
Moreover a misfit
 
Join Date: Feb 2010
Location: Sydney NSW
Posts: 1,788
Belbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant futureBelbo has a brilliant future
Quote:
Originally Posted by Dazz View Post
Born and bred in Gero.

Humble beginnings in the suburb of Rangeway, a few years back listed in some property rag as the worst suburb in the whole of Australia.

I'd have to agree.
Nah. Waggrakine was definitely more depressing. I lived in both!
__________________
Belbo

"If you want to make a song more hummy, add a few tiddely poms." Winnie the Poo
Reply With Quote
  #15  
Old 20-04-2012, 11:04 AM
HotRod's Avatar
HotRod HotRod is offline
Rental Liverofferer
 
Join Date: Jun 2004
Location: Perth, WA
Posts: 1,792
HotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud ofHotRod has much to be proud of
Geraldton, Australia's nursery for property investors.
__________________
Whatever the mind of man can conceive and believe, the mind of man can achieve. - Napoleon Hill

Whether you believe you can do a thing or not, you're right. - Henry Ford
Reply With Quote
  #16  
Old 25-04-2012, 10:02 AM
DDDKEFather DDDKEFather is offline
Member
 
Join Date: Apr 2012
Location: Sydney, NSW
Posts: 15
DDDKEFather is on a distinguished road
Thumbs up Opr

Hi All,
I was over in Geraldton in Jan 12 there is quite a lot of work going on around Geraldton, I'm from Sydney.
A couple of questions I have for the Geraldton residents.
I have been trying to find out what the latest news on oakajee was. Does anyone know if it is going ahead?
I'm looking to buy an ip in WA but I'm trying to decide between Perth and Geraldton. I have some ip's in Wonthella which I bought about 8 years ago and I'd liked to invest around the Geraldton area again if oakajee is going ahead.
Something else I'd like to know is how confident are people around Geraldton that the ska will be built in WA?
Reply With Quote
  #17  
Old 25-04-2012, 12:02 PM
Ergophobia Ergophobia is offline
Member
 
Join Date: Jan 2005
Location: Brisbane, QLD
Posts: 544
Ergophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the roughErgophobia is a jewel in the rough
Mitsubishi are trying to get opr and jack hills off the ground and are taking a long term view on the project and prospects in the mid west.

An investment decision is still a long way off tho, 1 year at best, probably 3.
__________________
______________________________

no offer should be made that includes a :( for you, only :) and :D
Reply With Quote
  #18  
Old 25-04-2012, 06:15 PM
DDDKEFather DDDKEFather is offline
Member
 
Join Date: Apr 2012
Location: Sydney, NSW
Posts: 15
DDDKEFather is on a distinguished road
Thumbs up opr

Thanks for the info Ergophobia. Since my first post I found a link http://australianminingreview.com.au/?p=115 which goes into a lot of detail of the proposed mining projects around the mid west of wa, a lot of the projects hinge on the opr. I think geraldton has a good chance of going big time if all these projects happen. What are your thoughts, with you being closer to things over there?
Reply With Quote
  #19  
Old 25-04-2012, 09:42 PM
INVSTOR INVSTOR is offline
O+
 
Join Date: Dec 2007
Location: Aus
Posts: 4,694
INVSTOR is a splendid one to beholdINVSTOR is a splendid one to beholdINVSTOR is a splendid one to beholdINVSTOR is a splendid one to beholdINVSTOR is a splendid one to beholdINVSTOR is a splendid one to behold
Quote:
Originally Posted by Dazz View Post
Born and bred in Gero.

Humble beginnings in the suburb of Rangeway, a few years back listed in some property rag as the worst suburb in the whole of Australia.

I'd have to agree.
I tried to buy a unit in Rangeway just before Perth boomed. 6yrs ago possibly. I offered $130k on a 2 or 3 bed villa, the asking price was $135k. The vendor wouldn't accept my offer and got offered $135 a few days later. I drove up there a few years later, and thought, so glad my offer didn't get accepted. I think it may definately be worth a visit there before investing. It's very different to investing in a capital city.
__________________

---oOo--: )--oOo---
Reply With Quote
  #20  
Old 26-04-2012, 03:19 PM
foxyleemoo foxyleemoo is offline
Member
 
Join Date: Jan 2010
Location: South Hedland, WA
Posts: 50
foxyleemoo is on a distinguished road
Hi,

Rangeway has come onto my radar, based on getting a fair discount to asking/market price and receiving a good rental return.
I've never been to geraldton/rangeway but from my research i'm pretty sure rangeway is a less desirable/lower socio economic area of geraldton.
Does anyone, maybe locals have some info regarding the kind of tenants i'd expect to have in rangeway?
Any experiences, good/bad or otherwise, investing in geraldton/rangeway?
Any comments would be greatly appreciated.

Thanks

Dave
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +10. The time now is 07:44 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright © Somersoft Financial Services Pty Ltd