This may not be the case in the continuing low interest rate regime we now live in.

Rent returns of 6% net which applied ten years ago were achieved in in a much higher interest rate environment.

Now you can get about 5.5% at call, not…[Read more]

i.e. “The median for properties in post code (xxxx) has fallen 40% in the last quarter” is laughable if it wasn’t so sad for those that believe such a statement has any statistical meaning.

Pretty poor all round.

Centrelink decisions are subject to appeal.

Then all and sundry can object, but not on any old grounds, befor a decision is made. Check local papers, municipal office and their…[Read more]

Look at prices…[Read more]

This is in a designated growth centre.

There is a nationwide shortage of…[Read more]

Select country towns are doing really well at the moment, depends on their “point-of-difference”. As with locations, the secondary and the compromised will…[Read more]

Why not develop yor own methods for working out which way the market is really heading. No-one…[Read more]

The way we do developments is to look for adding value. We’re not into renting after developing nor do we expect much capital gain.

We look for properties where an existing dwelling is do-uppable and there’s room for a second. We get dev. permits for 2nd dwelling and sub-divide into two lots then build the second.

We use pro…[Read more]

As just a citizen you will be doing PAYE tax returns: not a professional developer.

Maybe a partnership next, doing a property or two but mostly income from personal services/contracts. Not yet.

Then one day the Tax Office says, hey, you are earning most of your money out of property development. Then you are…[Read more]

There is a long-term push to move to the coast, it has years to go. But well located inner city (up to 8km radius) will do well too. Places that those who can’t afford coastal retreats go to will also do well. The zone to suffer in a couple of years or so are the broad swathes of middle…[Read more]

I would even get out of Australian alpine property if you have any; the latest poll out today of Australian…[Read more]

The you have Rescode and requirements for outside living space, sunlight etc.

You apply for a Development Permit and if you get it you can build a second dwelling…[Read more]

The decision rests on assuming a certain price range and ability to service debt. Again, the buyer’s characteristics enter, some having cash and some borrowing the…[Read more]

Get a recommended pro who will drill into trees until he finds the nest. Then he will pump in about 50 or so litres of poison and the nest is gone, the tree gets healthier and the varmints are gone.

Make…[Read more]

It’s patchy, say my agent contacts, some districts are still going gangbusters.

Consumption, as opposed to investment, is subject to all sorts of things but sentiment is most important, as it is with property.

When an international…[Read more]

Only quality will be a good purchase for the next five or so years. Many regional centres will flatten out for a long time to come. There’s almost no upside left for anything other than equilibrium to settle in and a return to long-term trends.

Is world growth, and hence…[Read more]

Another told me that late March will be when the 50% NOT selling at auction in Melbourne will have amounted to a large enough stock of unsold properties to reduce…[Read more]

* Now called Sutherland and Farrelly.

I can’t paste them here because it is copyright but these…[Read more]

The ultimate aim is to own a freehold and lease it out.

They sell as leaseholds at a price which is roughly equivalent to the annual…[Read more]

This discussion makes me think that,…[Read more]

But exchange rate changes can defeat you if they move the wrong way. This is a minefield for Australians, not to mention the complex legals just getting…[Read more]

Time to cash up and wait for the bargains to appear. Apparently in Melbourne are a group of investors who can’t wait for Docklands to crash so that…[Read more]

However the bank valuer asked me if it was a new house, (it was a renovation of a 27 year old house,) and then he asked me what style was it. I said it was…[Read more]

I would want 3×3 leases at least, with a recovery time of 5 years max.

It’s back on the market unchanged but with permit for two units at $450,000 to $480,000.

This can’t go on!

Also, they have some innovative financing, eg, you can buy property like we gear shares, where the lender holds title but you have beneficial ownership, which means you get all the rent and capital…[Read more]

You must be the expert on when and where to buy, what to do with it when bought and when to sell.…[Read more]

Bunnings warehouses are good, just take a look in the carpark and you see tradesmen buying there so the prices are probably OK. And, yes, there staff are good but like you and me, they aren’t infallible. their…[Read more]

You wouldn’t want to sell after 10 or 11 months would you?