PropertyInvesting.com | benofbrisbane | Activity https://www.propertyinvesting.com/members/benofbrisbane/activity/ Activity feed for benofbrisbane. Sun, 12 Apr 2026 05:06:39 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3f42e49e39aabf3e20824dff4dc45eee benofbrisbane started the topic Building company - nominee in the forum Value Adding https://www.propertyinvesting.com/topic/4993653-building-company-nominee/ Wed, 13 Aug 2014 07:41:13 +0000 Hi all

I am looking at starting a building company. I would only build my own projects and not for others. Would be looking to do 1 to 2 multi unit dwellings per year in brisbane. Around 6 – 15 units or so a project. I am not a builder so would need a nominee to obtain the licence. I am just wondering whether anyone has any experience doing…[Read more]

]]> 538a525bd345d09399d09f8a53115ec7 benofbrisbane replied to the topic LMR site in Yeronga in the forum Help Needed! https://www.propertyinvesting.com/topic/4992427-lmr-site-in-yeronga/#post-4992717 Sun, 13 Jul 2014 08:54:09 +0000 Hi ramki what street? Good suburb some streets better than others.

]]> 5790120b1cf199805912d3fb952ec6b8 benofbrisbane replied to the topic Zillmere in the forum Help Needed! https://www.propertyinvesting.com/topic/4992578-zillmere/#post-4992716 Sun, 13 Jul 2014 08:52:09 +0000 Hi ramki

What is the return? I think if it works as an investment and you get the lmr potential how an you go wrong?

]]> e20696446ad5bcf46c64f6488830f5ad benofbrisbane replied to the topic 6 unit build - Northside of Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4409194-6-unit-build-northside-of-brisbane/#post-4689850 Fri, 19 Apr 2013 04:37:07 +0000 Thanks Alex.  Does Adrian have an email? What is his company name?

]]> b89a64f3dbbbb9582f57741c3151b729 benofbrisbane replied to the topic Six Units - com loan in the forum Oh yeah, also, is there any https://www.propertyinvesting.com/topic/4406931-six-units-com-loan/#post-4672381 Fri, 22 Jun 2012 00:34:48 +0000 Oh yeah, also, is there any chance of capitalisation of the interest?  Or is that a pipedream? Thanks for your time.Ben

]]> 344ba6297fff3281e35be17ff60c1208 benofbrisbane replied to the topic Roof painters Brisbane - anyone know of a cheapie? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406601-roof-painters-brisbane-anyone-know-of-a-cheapie/#post-4669887 Sun, 20 May 2012 23:46:52 +0000 or anyone had experience doing it themselves?

]]> 31b0f9103f2ae70cd5d95e6cddd1d9bd benofbrisbane replied to the topic Per sqm build costs - bigger units than budgeted. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405301-per-sqm-build-costs-bigger-units-than-budgeted/#post-4659631 Wed, 30 Nov 2011 01:20:37 +0000 Thanks for your comments guys.  Very helpful.I had been using $1,500.00 a metre – but thought I should I use $2,000.00 of the units, as I understand that units are generally more expensive.In the market I am looking at there is a lot of competition.  Most people are building the smallish 2 bedders, with high density.  This is fine as it is a pr…[Read more]

]]> c3dfc9c8e5cff53d4e23823d71fb2e24 benofbrisbane replied to the topic Per sqm build costs - bigger units than budgeted. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405301-per-sqm-build-costs-bigger-units-than-budgeted/#post-4659627 Tue, 29 Nov 2011 07:07:16 +0000 Thanks ChristianB – can conventional units be also delviered for around $1500 sqm (two level walk up).  The top storey does not have to be fire rated. Thanks for your time.

]]> 4acf3a39f59e4bbf420826f4189ef60d benofbrisbane replied to the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/4405048-interest-rate-4/#post-4658005 Thu, 10 Nov 2011 01:05:57 +0000 Hi All – just an update – my broker hit up the CBA for a further reduction and they have given us 0.95% off the standard variable, which takes us to 6.61%, which seems good.  This is 0.25% reduction from where we were and with the RBA cut we are now 0.50% down from where we were last Monday.

]]> ead225c094a324d89d35d82e654b91a7 benofbrisbane replied to the topic Soil type h1 in the forum Value Adding https://www.propertyinvesting.com/topic/4405083-soil-type-h1/#post-4658236 Tue, 08 Nov 2011 00:20:57 +0000 thanks Luke – the engineers seems to think OK – so not too bad.Just a bit worrying when you get these things

]]> c39f399b6db0ee4fd0e5e487d489de4a benofbrisbane replied to the topic Selling agent to the stars needed in the forum 6 - 2 bedders - on market https://www.propertyinvesting.com/topic/4405100-selling-agent-to-the-stars-needed/#post-4658319 Thu, 03 Nov 2011 07:30:36 +0000 6 – 2 bedders – on market in 6 months – off the plan would be helpful – $350plus.

]]> f2583cfb017b028f2006fc36cd190202 benofbrisbane replied to the topic Selling agent to the stars needed in the forum sorry - should clarify that https://www.propertyinvesting.com/topic/4405100-selling-agent-to-the-stars-needed/#post-4658317 Thu, 03 Nov 2011 02:25:08 +0000 sorry – should clarify that Zillmere is in Brisbane for those not from around here.

]]> 1a30d573885a95b68fce8783d1c80e20 benofbrisbane replied to the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/4405048-interest-rate-4/#post-4658004 Thu, 27 Oct 2011 23:56:23 +0000 Thanks for your comments Richard – and everyone else too.  I guess my position was that I really didn't have the equity in my PPOR (that I wanted to touch anyway) to allow me to take out the second loan on it – though I see what you are saying now in relation to thinking a little creatively.  I am sort of pretty entrenched with my current broker f…[Read more]

]]> 1adc46af2a2c4803c0e757d1a02dfaf9 benofbrisbane replied to the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/4405048-interest-rate-4/#post-4658002 Thu, 27 Oct 2011 22:43:43 +0000 thanks Richard – the only problem being that I do not have a lot of equity available in the PPOR.  The redraw takes the PPOR loan up to 80%.  So to borrow more against the PPOR I would have had to pay LMI wouldn't I?

]]> 9536b10efe9a3d27e4f96e8bd2ccaa38 benofbrisbane replied to the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/4405048-interest-rate-4/#post-4657999 Thu, 27 Oct 2011 07:30:30 +0000 i am not sure I understand the cross thing.  The issue was that I had $100K available by way of redraw in the PPOR.  I didn't want to put up any cash for the IP, so I borrowed 100% plus costs.  To borrow 100% plus costs on a stand alone basis I would have had to pay LMI.  By providing my PPOR as security for borrowing for the IP I was able to av…[Read more]

]]> a7a6846f769dc5b27ef1032b1985dd37 benofbrisbane replied to the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/4405048-interest-rate-4/#post-4657992 Wed, 26 Oct 2011 22:12:53 +0000 Hi Everyone – thanks for your comments.In regard to the cross collaterisation, that was done with my blessing – I didn't want to pay LMI for the purchase of the IP and didn't want to lose access to the equity I had available in the PPOR through the redraw.The 7.11% rate is on a the PPOR which was obtaining in March 2010.  So I guess that was the…[Read more]

]]> 0b1b36b73b84e7c858980f38448e636e benofbrisbane replied to the topic Dual key - what is it? in the forum Help Needed! https://www.propertyinvesting.com/topic/dual-key-what-is-it/#post-4656706 Thu, 29 Sep 2011 23:24:05 +0000 hey swampy – thanks for the reply.  So why don't they just make them two titles? Surely a developer would make more selling two apartments rather than one apartment with dual key? Plus wouldn't the tenant rather not have a common hallway – just have their own apartment?

]]> f9488b700c8fddfb2c517c2abd029570 benofbrisbane replied to the topic construction funding - good deal? in the forum Finance https://www.propertyinvesting.com/topic/4404776-construction-funding-good-deal/#post-4656237 Fri, 23 Sep 2011 04:40:02 +0000 does the 80% of cost include land – because at the moment i have borrowed around 105% and am looking at another $450k for the build.  So around a million all up – does that mean that they will only lend me $800K? Even though it would be worth $1.3++ after construction.  This seems rough.

]]> 0a3daf7b30da2df9d40b3e90f98a4196 benofbrisbane replied to the topic construction funding - good deal? in the forum Finance https://www.propertyinvesting.com/topic/4404776-construction-funding-good-deal/#post-4656234 Thu, 22 Sep 2011 23:04:30 +0000 hey everyone thanks for your comments.Allistair I will keep an eye on the line fee – tks for the clarification re GST.   I had been advised differnt things by different people as to whether the 70% is the end product plus GST or not.   Just to clarify you say that the CBA will only lend the lower of 80% of costs or 70% of end value – which eve…[Read more]

]]> d9313b458ee1efc07439f58c2fa7837d benofbrisbane replied to the topic finding a builder to do a developments in the forum Help Needed! https://www.propertyinvesting.com/topic/4404404-finding-a-builder-to-do-a-developments/#post-4653516 Sun, 28 Aug 2011 23:43:44 +0000 hey dbloomi am also going to be looking for a builder in a couple of months to take on a couple of townhouses in zillmere.Can you us know if you have any luck getting a builder and tips you might have on who to choose and/or how to choose?be good to hear from someone who has gone through the process locally.cheersben

]]> 5eb17ded536acd0ff4197f49e1844525 benofbrisbane replied to the topic $10'000 QLD Building Boost (Renovated Property) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404352-10000-qld-building-boost-renovated-property/#post-4653203 Fri, 05 Aug 2011 05:40:05 +0000 http://law.ato.gov.au/atolaw/view.htm?docid=GST/GSTR20033/NAT/ATO/00001see paras 53 to 83.if you have substantially renovated a home than it may be eligible for the $10k.  does not matter is lived in before – it is the 'substantial renovation' which attacts the grant.

]]> 6007bf8ad6690c75a2f8bb75bd590882 benofbrisbane replied to the topic LMR sites in Brisbane in the forum General Property https://www.propertyinvesting.com/topic/4404258-lmr-sites-in-brisbane/#post-4652467 Sun, 24 Jul 2011 00:41:20 +0000 Hi guysthanks for your replies.I actually have a DA before council at the moment for townhouses in Zillmere.  I know there is a lot of action out there at the moment.   I am not overly wrapped in Zillmere myself because of the amount of new development there.  However, the numbers on this one are really good, so we are proceeding.  Andrew – why…[Read more]

]]> 11263854a5a46c04ee0dffb4ed419d16 benofbrisbane replied to the topic LVR - Build loan in the forum Finance https://www.propertyinvesting.com/topic/4403656-lvr-build-loan/#post-4647888 Tue, 17 May 2011 23:49:12 +0000 Thanks Richard – I will adjust my figures accordingly.

]]> f6b84f5f7d593fbcb903306cbb8c00ee benofbrisbane replied to the topic Mortgage Broker in the forum General Property https://www.propertyinvesting.com/topic/4403351-mortgage-broker-10/#post-4645889 Thu, 14 Apr 2011 05:07:27 +0000 Thanks Alistair.  So if you just looking at res loans of say $500K a pop – you need to do 60 a year to write $30mil and take home a 5% comm of $150K.  This is quite a few loans to write – more than one a week.  Obviously writing the loan would be fine, but finding that many loans a year could an ask I suppose. Is 5% the norm for all brokers or do…[Read more]

]]> 93e54b38ab18b7103851d1e0d925784e benofbrisbane replied to the topic Mortgage Broker in the forum also I know the conveyancing https://www.propertyinvesting.com/topic/4403351-mortgage-broker-10/#post-4645885 Thu, 14 Apr 2011 02:25:08 +0000 also I know the conveyancing that I have done that banks are pretty hard to deal with, in relation to actually getting the loan approved within a short period (a typical finance clause is 14 to 21 days I guess) and then getting them to settle the thing can also be difficult.  Does this wear you down after a while?

]]> 377d83ae60490dbefba45502a20253c3 benofbrisbane replied to the topic Mortgage Broker in the forum General Property https://www.propertyinvesting.com/topic/4403351-mortgage-broker-10/#post-4645885 Thu, 14 Apr 2011 02:25:08 +0000 also I know the conveyancing that I have done that banks are pretty hard to deal with, in relation to actually getting the loan approved within a short period (a typical finance clause is 14 to 21 days I guess) and then getting them to settle the thing can also be difficult.  Does this wear you down after a while?

]]> 73ad8da7b932abafc0f6e0c24401486f benofbrisbane replied to the topic Mortgage Broker in the forum General Property https://www.propertyinvesting.com/topic/4403351-mortgage-broker-10/#post-4645884 Thu, 14 Apr 2011 02:21:17 +0000 Thanks Allistair – I appreciate your comments.I guess I have a reasonable understanding of tax and accounting issues.  Probably not too much in relation to super. I guess that relates to self managed funds borrowing and the rule relatinig to that?  I could probably get my head around this.Did you find it hard to start off?   Are there lots of bro…[Read more]

]]> 6572522f2f286d391e720fb7518c4a89 benofbrisbane started the topic Mortgage Broker in the forum General Property https://www.propertyinvesting.com/topic/4403351-mortgage-broker-10/ Thu, 14 Apr 2011 01:22:52 +0000 Hi Everyone

I know there are a few mortgage brokers on this forum and I was wondering whether I could get some advice.

I am looking at a Smartline franchise.  They reckon that with a set up cost of $20 to $20k you could be making $150k+ a year.

I don't have a banking background, but am a lawyer and have a business (marketing) degree.

I am…[Read more]

]]> 4d0a75bb7c17a1b08ada7702b56a8ed8 benofbrisbane replied to the topic GST and subdivision of common property to create new residential lots in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401998-gst-and-subdivision-of-common-property-to-create-new-residential-lots/#post-4636932 Wed, 01 Dec 2010 23:58:34 +0000 have a look at this – i think it might help – I wouldn't recommend reading the act unless you are a specialist tax lawyer http://www.bantacs.com.au/booklets/How_Not_To_Be_A_Developer_Booklet.pdf

]]> a12e09bb8da83b06311227e51f3d9a41 benofbrisbane replied to the topic GST and subdivision of common property to create new residential lots in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401998-gst-and-subdivision-of-common-property-to-create-new-residential-lots/#post-4636927 Wed, 01 Dec 2010 02:59:03 +0000 minor correctionit doesn't sound to me like you are a developer and therefore you do not have remit GST on the sale.  From what you have described it seems like an isolated transaction and not an 'enterprise' accordingly gst would be  Neither charged or remitted to the ATO in the event of a sale.  You should competent accounting advice now and if…[Read more]

]]> e8f377db0ee7d650354b5c9da3191997 benofbrisbane replied to the topic GST and subdivision of common property to create new residential lots in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401998-gst-and-subdivision-of-common-property-to-create-new-residential-lots/#post-4636926 Wed, 01 Dec 2010 02:04:57 +0000 it doesn't sound to me like you are a developer and therefore you do not have remit GST on the sale.  From what you have described it seems like an isolated transaction and not an 'enterprise' accordingly gst would be be either charged or remitted to the ATO in the event of a sale.  You should competent accounting advice now and if necessary a p…[Read more]

]]> 937b772b09b309aee47061e964fb3235 benofbrisbane replied to the topic Books in the forum Help Needed! https://www.propertyinvesting.com/topic/4401983-books-4/#post-4636831 Wed, 24 Nov 2010 01:48:07 +0000 Hi D – thanks for your quick response. I think I will start with the Ron Forlee book, which i will buy at lunch time today!  The others also look good and I will get to them shortly. Thanks for your help.CheersBen

]]> 4b280ddfcceeffd013b5a7fd6e155356 benofbrisbane replied to the topic Australian Property Bubble (article on Associated Press) in the forum General Property https://www.propertyinvesting.com/topic/4401872-australian-property-bubble-article-on-associated-press/#post-4636089 Wed, 17 Nov 2010 04:59:14 +0000 hey Tim – Deception Bay is a pretty dodgy area.  Redcliffe and Deception Bay are not the same market. Redcliffe has come a long way in the last decade but not Deception Bay.  I know Deception Bay is cheap and does have water, but it really is a long way from turning around.  I would probably recommend coming to the area before buying.  Sorry to…[Read more]

]]> 9ddea1095d22234bbf59a807ff18922e benofbrisbane replied to the topic community management statment in the forum Help Needed! https://www.propertyinvesting.com/topic/4392594-community-management-statment/#post-4584091 Mon, 10 Mar 2008 07:05:40 +0000 I would recommend warlow scott lawyers in Brisbane.  They do heaps of property stuff and all at a very good price.http://www.warlowscott.com.au.

]]> 1db92e02b7a370d4019fadce31b6b9d1 benofbrisbane replied to the topic Deposit bonds in the forum Help Needed! https://www.propertyinvesting.com/topic/4392557-deposit-bonds-9/#post-4583889 Wed, 05 Mar 2008 22:08:48 +0000 this is a complicated question. You should seek legal advice.Some general comments – some off the plan contracts won't allow you to transfer before setllement generally if there is no clause in the contract saying that you can't onsell then you are able to at common law however as I understand it the purchaser may have some issues in getting…[Read more]

]]> 581719c2e2af52e1c59c516eb4ae76d0 benofbrisbane replied to the topic Cooling off period in the forum Help Needed! https://www.propertyinvesting.com/topic/4392487-cooling-off-period-2/#post-4583560 Thu, 28 Feb 2008 07:14:44 +0000 Hi Kris,If you are in Qld then any contract signed before auction should just be a normal REIQ contract with a PAMD form outlining the cooling off period provisions attached. Ben

]]> 27cc0b040a3dde7a50bfcc1029065669 benofbrisbane replied to the topic Deposits in the forum No definitely don't give the https://www.propertyinvesting.com/topic/4389082-deposits-10/#post-4565150 Fri, 30 Mar 2007 00:25:13 +0000 No definitely don't give the money to the vendor. A solicitor's trust find is the way to go.

]]>