Harb,You have nailed it on this and the other threads you have posted on.The stark reality is that people are not abandoning their homes in droves, people have steady employment and there is incentive to buy and own property. This thread ( and several others) I think has looped the same ground about 5 times now and still the property crash has not…[Read more]

Hi friends,If "collectors" (they are not investors) have invested in a strategy that has not worked for them then that is their business. I wouldn't ring an auto electrician if my brakes on my car went so I could see why as a business accountant people probably would not think of gmh454 as the first port of call for individual taxation…[Read more]

What a gem of an article,The best part was this……….'But he was philosophical about not selling his home for as much as he had hoped."I still have ended up with a lot of money, I just haven't ended up with as much money as I thought," he said.'!D

Hi Beedie,I know how you feel. I've got our current one which is 12 apts on the boil. It is a two and half year project. Whip out the crystal ball.Guess the supply and demand sentence really sums it up. If you have a product that has a limited supply you will have what everyone wants. I've been watching the prices slowing where I am, slowing but…[Read more]

Hi Beedie,I know how you feel. I've got our current one which is 12 apts on the boil. It is a two and half year project. Whip out the crystal ball.Guess the supply and demand sentence really sums it up. If you have a product that has a limited supply you will have what everyone wants. I've been watching the prices slowing where I am, slowing but…[Read more]

Thanks for the clarification Steve! Do you think, particularly in Melbourne that more residential projects have been started due to the spurt in growth we saw at the start of the year? And that there will be a few more "speculators" who get into the market at the top? I guess I never saw a three unit development as speculating due to not having…[Read more]

Thanks for the clarification Steve! Do you think, particularly in Melbourne that more residential projects have been started due to the spurt in growth we saw at the start of the year? And that there will be a few more "speculators" who get into the market at the top? I guess I never saw a three unit development as speculating due to not having…[Read more]

Hi Marie123,You're back, how is your deal going?Yep pre-sales as far as selling off the plan before construction. Generally on a 3 unit site you don't need to have pre-sales (nice to have though) for the bank to give you construction finance. So these are a bit easier to get finished and sold in a reasonable amount of time.In Melbourne in…[Read more]

Hi Marie123,You're back, how is your deal going?Yep pre-sales as far as selling off the plan before construction. Generally on a 3 unit site you don't need to have pre-sales (nice to have though) for the bank to give you construction finance. So these are a bit easier to get finished and sold in a reasonable amount of time.In Melbourne in…[Read more]

Good on you bjb007, I'd get the agent to ring the locksmith…… D

Ahh geez!Just wear it and move on. The energy expended on something so small. The other thing that will come out of this is a relationship with your managing agent and the tenant. Handle this the right way and your managing agent will put you in the good books and the tenants will think of you as a good landlord who will fix an obvious problem and…[Read more]

Beedie, where is your 6 pack? Just out of curiosity..D

Beedie, where is your 6 pack? Just out of curiosity..D

Hi everyone,I have to say now will probably be the best opportunity to get in and develop. Interest rates are reasonably low, prices are flat-ish and doing small developments that don't require pre-sales will be a great way to manufacture profit. In a couple of years these dwellings will command a premium because they are new and because the…[Read more]

Hi everyone,I have to say now will probably be the best opportunity to get in and develop. Interest rates are reasonably low, prices are flat-ish and doing small developments that don't require pre-sales will be a great way to manufacture profit. In a couple of years these dwellings will command a premium because they are new and because the…[Read more]

Yeah having lived in Seaford and Frankston Nth (classy!) stick on the beach side. As far away from the pub and Kananook station as possible. It's not as bad as it used to be but still not the nicest parts. There also used to be some sleazy blocks of one bedders down the back of the beach near the marsh/swamp bit…is that not so nice aspect there…[Read more]

Thanks everyone!True on the bank thing, they don't love single title.Yeah, the other good thing is a quick exit. You can always sell one quicker than you can sell a block.Considering it may take a council several months to rubber stamp the paper work, better to have it done sooner than later. D

Deal finder/scout?D

Hi Vonny,Depending on what you are planning on selling etc. I can only speak for what we had to do and for Victoria We needed to complete the subdivision part of our development first, who ever has done your working drawings or is helping you complete this project can help you with this. An architect or town planner can as well. Essentially after…[Read more]

Ta JacM Bump!