They are project marketers – in general these people take between 8 and 15% commission on their sales – again something you pay for. And it looks like they’re into new house and land packages – you can do much better

It sounds like you’re going to need a bit more money behind you as a deposit and you’ll need serviceability for the banks to lend you money.

You’ll have to educate yourself also, but there’s lots of good resources here on the forum plus a few good posts on which books to read.

If you want to understand what the banks are looking for there’s…[Read more]

Lot’s of problems in buying off the plan!

If you offered it for $ 2 million no one would buy it.

If you sold it for $500,000 lots of people would snap it up

The price is somewhere in the middle – when you get the price right someone will buy it

I big challenge at present is finance – you’ll need deeper pockets than you think.

The other is developing in a flat market – where prices are not rising and are falling in some areas.

There’s a great series of articles here on property…[Read more]

Be wary of the Melbourne CBD market – there are over 3,000 off the plan units coming on the market in the next 3 years – there will be a huge oversupply there for a while.

Have you considered established properties?

I would have thought you’d want the property to look good to attract the type of tenant that would look after it.

Esp as its your PPR – it’s a small price to pay for getting a better tenant or more enquiries

Leo
Haven’t…[Read more]

Yes Leo I’m going.

I’ve been to a few of his and they are always good value. Sure there’s some content repeated but I always get a distinction or two and learn some new stuff. And he’s been pretty right in what he’s said.

Anyone interested?

I have found Residex not be useful. Especially if the house is not “average” – they don’t know if it has been done up or improved or has it got airconditioning.

RP Data has more accurate stats

http://propertyupdate.com.au/articles/is-the-investment-grass-really-greener-in-the-us.html

Read it and take out of it what you will. There are always different opinions on how and where to invest

Unfortunately there is nothing like that in Australia – the investor clubs here are thinly disguised commercial ventures. That’s a real pity because it would be greta to join one.

Great idea Leo
I would prefer…[Read more]

I have read the ATO is very wary of people renting their PPR to themselves through trusts – they see it as a sham and disallow the investment deductions.

Get accounting advice

Check out this article – interesting reading:

http://www.watoday.com.au/wa-news/perth-property-market-worst-in-10-years-20101206-18ma0.html

Also – they are hard to sell if ever you have to – in general these do not make good investments As JacM says – minimal capital growth

They like to see some experience – for 4 units, they’ll probably only lend you 70% LVR.

If you don’t have a builder – how do you know the cost for your estimates. I’m not trying to be negative – just give a few things to think about.

You…[Read more]

They are all very happy and would highly recommend it. One had a little infection for a few days after – needed some drops , but still highly recommends it to all who ask.

Good Luck

I recently bought one – very good – great for basics that you asked for – but much more than that 4-hours of great contant from Michael Yardney – I think it’s worth buying – Building Wealth through Property Investment…[Read more]

Do you really believe you can become a property developer with NO MONEY or search for sites for experienced property developers who have been doing it for years???

There are always people out there who will sell you an expensive get…[Read more]

Charles 1 wrote:
Have you checked out Metropole – they always seem to be mentioned and always good feedback: http://www.sydneybuyersagent.com.au/ It's a hard decision isn't it – what criteria are you using to chose the buyers agent you will use?

Be wary about using Metropole.  They also sell their own properties so if you do…[Read more]

That’s why I like ( and buy) capital growth properties. You’ll find some people recommend Cash Flow properties, but while they are cheaper to hold on to in the short term,…[Read more]

of all the places in the world – why did you chose Auckland?

capital 360 don’t have anyone working in Perth yet – despite what their website says.

Have you tried Property Wi…[Read more]

It’s a hard decision isn’t it – what criteria are you using to chose the buyers agent you will use?

Many suggest they will go up another 2 per cent in the next few years – that kills your positive cash flow and you end up with minimal growth

Interesting article here as to why you may want to use a…[Read more]

He believes in capital growth property and value add. I’ve found his books really great and I look forward to him weekly newsletter – always some good stuff to read- if you don’t subscribe you can do so here: http://www.propertyupdate.com.au

You’ll find a few references to…[Read more]

If you are looking for capital growth, you are right – it sounds like Melbourne has had it’s run and maybe Brisbane is the place to go. But it also seems like all the markets are slowing down – so maybe it’s time to be more cautious.

I read this yesterday – worth a read if your’re starting off. In fact worth a read for…[Read more]

Ownership structures could be tenant in common, partnership, jointly owning through a unit trust ect.

All have different tax and legal implications – time for accounting and legal advice

http://propertyupdate.com.au/articles/property-development-guide-part-7—researching-the-perfect-site.html

In fact the whole series of articles here seem pretty good if you are interested in development:
http://propertyupdate.com.au/categories/property-development.html

Stay on the beach side of the railway line if you can afford it

One reason to split them is because the banks like it – they will lend you 80% on individual un…[Read more]

Sure you’d save agents commission, but don’t you think they could get you a better price?

Like the others, I really got a lot out of Yardney’s How to Grow a Multi Million Dollar Property Portfolio. It changed my whole concept of property investing.

yes very different to Stve MCK but form what i read, Steve is now coming around to value add also.

Almost finished Yardney’s next book – even better probably the…[Read more]

I looked at it years ago and decided to go for capital growth (is that a dirty word here?) It’s worked well for me, maybe because i bought at the right time and in the right place.

I now have 2 properties growing well.

What turned me around was reading Michael Yardney’s book -…[Read more]

I remember it was a great read at the time in the 90’s – well done for reading it, but there are lots of more up to date books – search this forum