A Spotlight On Gympie 4570

[@rusty4827]

I felt to mention Martin that at 9:30 in you mentioned an overly priced property but the one listed for 920 to 1 mill at 3 Hall Lane was in fact for 4 villas sold as one. But a great report. I am interested in Gympie because it is very affordable but less than an hour from the Sunshine Coast.

[@aussiejack5060]

Great and informative as always, Thanks!

[@CookieMonster-wy4qb]

Well done Marty your looking into Jon Jon suburb I’m sure he will appreciate it 🕯

[@staffcarpenborg]

..bring out the Gympie

[@bencurley7558]

Martin, you didn't mention that the Bruce highway bypass (of Gympie) is currently under construction and what implications that might have

[@WalkTheWorldDFA]

True, as I am not sure I know yet... might ease traffic congestion, but might also divert visitors away...

[@Jaymz001]

Gympie will boom when people realise that you are closer to Noosa than Brisbane

[@coasteyscoasteys]

Andrew I think people realised decades ago "But nothing to see here" in Gympie

[@falakoala4579]

It is?

[@bromers2971]

It’s still a solid 1hr drive. And Noosa isn’t that great

[@coasteyscoasteys]

@@bromers2971 It's a beach town basically No gold growing on trees

[@KanyeWest2024]

@@bromers2971 hour? Not if you do the speed limit . Get there in 45 mins max

[@madonnawaugh3471]

Thanks Martin. Although I left gympie. I was evicted from gympie, Moved 20minutes west🤣🤣

[@jonsalvador5051]

Thanks Martin, question: how do you calculate the net yield ?, thanks in advance.

[@WalkTheWorldDFA]

Gross yield is price to rental (assumed 100% let). Net rental is real net cash return, after allowing for vacancy, maintenance, agents fees and other real life costs.

[@jonsalvador5051]

@@WalkTheWorldDFA thanks very much Martin, I have been a long term buy and hold @12+ properties over 20 years, acquired over the 20 years and the last one bought in 2016. Property holding costs average 25% off my rental income on top of my mortgage payments for my properties over time; yes anecdotal, however long term numbers, over an ok individual sample. Underestimating this 25% holding cost is what most unexperienced wanna be do, I did. Thanks again. Once I got this, I leveraged less less and mangEd cash flow according,y. Keep up the good work mate.

[@fozzy8530]

There has been a lot of interest in gympie lately as a lot of sunshine coast locals are being priced out of the buying AND renting market.

[@Thyalwaysseek]

This is why older houses elevated on stumps were called "Queenslanders" obviously people were a lot smarter 60 years ago. Building on flood plains aren't a problem if you build with that potential environmental situation in mind, I have no sympathy for people who buy in these new estates on flood plains and build low set homes.

[@GlasgowCelticBhoy]

You should redo this one again now. A $300k house back then went up to become a high $400k - low $500k now, in only a year. And blocks of land - $130k?? Try double that now.

[@byronbay-jindabyne2481]

Hello Martin Love your videos, can you do one for Byron Bay and Ballina Ta

[@sonjakozman1699]

If you own property down there, you can afford to pay for it

[@allanrobertson6193]

gymps I’m from Bris.

[@tkl_0331]

Move to Gympie 🤣

[@louisgalea3907]

New camper

[@falakoala4579]

Kind of reminds me of crypto. Where Bitcoin booms then the shitcoins go off once money propagates outwards. Could do a 10x in some of these spots maybe going by that theory. Aus housing markets on about the same level. What do you do fir work at these places? Or do you just use it as a principle place if residence then jump on a gov UBI until you sign out?