It all depends on the situation. Ideally you can buy and hold but if you need to free up cash sell one of them, prefferably the existing dwelling, so you get the deprecation benefits but every situation is different.

It can be harder to sell a battle axe block as it is down the driveway down the back with no street frontage, so if the existing…[Read more]

Not so much contributions but there are fees etc.

As for the subdivsion works should be able to be included in the construction, im talking about the hard costs ie driveway, water, electrical, fences etc. They are part and parcel of a new house. im happy to pay the fees consultants.

Subdiv can occur whenever pending I get my hands on funds…[Read more]

I guess it all depends on what council will permit and what an architect can come up with to make them functional dwellings.

You may also want to check out where sewers run etc as quite often on larger blocks that may next to the house or behind the house which could potentially be where you wish to place the duplex, moving these can be a very…[Read more]

Do a google image search, go for a drive around the area and see what others have done.

Paint, floors, light fittings and possibly power points. There are the most simple ones without large costs. Also make sure the house is serviceable and presents well on the outside.

I rencently used a small builder for a complete reno of a flooded property, I couldn’t fault his flexibility. You won’t get this with a big builder and if you do get the flexibility you will prob find the price goes up.

I also got a quote off big builder last year for a lowset brick home, all they were interested in was in getting me to…[Read more]

Where you may save yourself 20K – 25K by using a larger builder you may find that the overall finish, quality is not there. They are also not as flexible when it comes to alterations etc.

That 20-25K may even balance out due to the finish.

I would like to think so, adding to the fact qld has been flat for so long plus floods and everyone being very cautious. There are some extremely affordable and lucrative deals about, taking in to account my first sentence I am hoping that this will soon drive prices up as the fear of missing out grips people.

I think when it does eventually…[Read more]

SEQ has been doing nothing for alot longer than two years and the gold coast is even worse, I have given up trying to predict when seq will improve.

Yes the vacancy rates is around 14%. I had a friend build a 4 bedroom house in Point Cook and it took ages to rent. It ended up renting for 330 per week. It cost him 420 for house and land.

Infrastructure lol what infrastructure, they are building a new train station whoop dee doo. Hopefully they put enough parking there as the other two…[Read more]

The problem with Laverton is that there are brand new houses in Point Cook just down the road that are renting for low 300’s due to an over supply, I believe the vacancy rate is up around 14% so definitely no shortage.

Laverton is hmm hmm well a warzone, its is the first place I seen rented houses with the plaques of the real estate that manages…[Read more]

There is a current article in the latest smart property magazine going through subdivisions and cost comparision between just subdividing and subdividedevelop. Alot of it may come down to money or time as to why people choose to subdivide. I am subdividing in QLD at the moment and will assess whether I pursue developing once the subdivision is…[Read more]

I have thought about for some time now. People who do not put up an accurate description miss out on knowledgeable site members by passing their post. It would take ages to go through all the posts like “help me” etc.

Wouldn’t it be similar to that of a development though being what the project will be worth on completion?

Lulu,
Try suncorp. I had a house fully flooded last year. 150K damage. It was relatively straight forward. Im not going to say there weren’t any hiccups but it was a new experience to everyone.

They reinsured the property and others I have in the area for around 800 each. I have also made loss of rent claims in the past and they have been…[Read more]

I had a small 3 bedroom home which was flooded last year, I had all the asbestos walls and fixtures (kitchen) removed, house pressure washed internally for 5500. Professionally done. Alot of other quotes were around the same price.

I can pass on the details. House was in QLD.

So under the NCCP if you told the banks that you were pregnant that would take that into account but if you told them in 9 months you are getting a promotion and a 50K pay rise they would laugh in your face.

You are probably suppose to but what they don’t know……. You could also win the lotto between now and then or decide you want to go back to work at six weeks

Investing is like one big game of chess!!

Anybody, or is everyone to wrapped up with the USA these days?