Total Members: 158,642

GiumelliGroup

  • GiumelliGroup replied to the topic DISCOUNT PURCHASING… HOW LOW DO YOU GO? in the forum General Property 10 years, 11 months ago

    Depending on what state you are in the average discount we find successful is between 7% – 10% of the asking price.

  • Trickeymickey,

    Thank you for the opportunity to reply.

    Emerald, Port headland & Moranbah have been going for quite some time in various guises as we have previously sold in each area some time ago now, however these areas seem to be typically reliant on either coal or iron ore or both which have copped a hiding in recent times due to the high…[Read more]

  • GiumelliGroup replied to the topic oasis estate kirkwood gladstone in the forum General Property 11 years ago

    Daniel,

    There are many estates in town that are FAR better options than Oasis & Stockwood estates for a similar price. Every man and is dog is trying to flog this stuff at the moment with every conceivable out of area builder trying to promote it also, don't get hung up on the cheap price there is a reason it is cheaper than everything else in…[Read more]

  • Matt39, Yes they can be but it always remains buying the right block for the right price is where you will benefit as you always make your money on the purchase not the sale.

    Some other things to consider as I have personally come into:
    *Arborist 2k – 5k
    *Tree removal 3k – 5k
    *Excavation & dumping 4k – 10k
    *Neighbours – arent they a chore :) 2k
    *Cou…[Read more]

  • GiumelliGroup replied to the topic Developing 101 in the forum Value Adding 11 years ago

    Some great comments above.

    As previously stated a lot of would be developers understate the timeframes considerably and overprice their end products thus bleed money. One very simple rule to run by is the 80/20 rule meaning take 80% profit and leave 20% in it for someone else something i live by. I personally will not touch a development that…[Read more]

  • trickeymickey, The Surat Basin hasn't peaked yet it still has a long way to go as prices are still very affordable, however if the council doesn't pull their finger out and mean soon then its only going to be a completely different story over the coming years as they are well short of housing lots due to the flood affected areas of town.

    Our…[Read more]

  • GiumelliGroup replied to the topic Gladstone – Drafty/Builders in the forum Help Needed! 11 years ago

    If you want to PM me i can give you a list of builders whom to deal with, im sure one of them can recommend a good draftsman.

  • GiumelliGroup replied to the topic Surat Basin – which town to invest in? in the forum Creative Investing 11 years, 1 month ago

    Chinchilla remains as an unbelievable investment at this time. Prices have gone up somewhat and will continue to do so in the future, you have to be extremely careful which estates to buy into and putting the right product on it as the wrong product will greatly hinder your future resale options. Don't be fooled by the smaller 450m2-580m2 cheaper…[Read more]

  • GiumelliGroup replied to the topic mark rolton – options course in the forum Creative Investing 11 years, 1 month ago

    Well said!

  • GiumelliGroup replied to the topic Estimated annual growth in the forum Value Adding 11 years, 1 month ago

    We typically work off an average of 5% per annum, however as Jacqui stated it all depends on what you buy and where. Remember you make your biggest gains on the purchase not the sale.

  • GiumelliGroup replied to the topic Subdividing existing 1930s dwellings in the forum Value Adding 11 years, 1 month ago

    I am personally doing this right now in QLD which is a very simple process up here. Which state are you in?

  • GiumelliGroup replied to the topic Buyers Agent/Advocates – useful, or waste of money? in the forum Help Needed! 11 years, 1 month ago

    A good buyers agent is worth their weight in gold if used correctly.

  • GiumelliGroup replied to the topic Toowoomba in the forum Help Needed! 11 years, 3 months ago

    Toowoomba is a great place to invest into for two reasons 1. its in Brisbane and 2. its location to the Surat Basin and what is going on throughout that region. We have had clients achieve fantastic returns in both Toowoomba and the Surat basin for a number of years now and it is still priced very well even after there has been growth already.

  • GiumelliGroup replied to the topic QLD Property Management/Letting Fees in the forum Help Needed! 12 years, 9 months ago

    Renoah04 wrote:
    Can someone with an IP in QLD let us know what are fair current Property Management/Letting Fees? Being new to investing in this region we do not want to get ripped off. Happy to pay fair value for a good service of course but they are so much higher than down here in VIC. Thank you!

    Hi Renoah04,The prices vary greatly…[Read more]

  • GiumelliGroup replied to the topic Property bust not here yet … worse to come in the forum General Property 12 years, 10 months ago

    A very good statement sent to me today about what is going on around the world!"The only person who can assure you of health, wealth and happiness is – yourself! Altitude is determined by attitude. If you choose to listen to, take on and acknowledge all the negative stories and events that are thrown at you every day, then what will your waking…[Read more]

  • GiumelliGroup replied to the topic finding a builder to do a developments in the forum Help Needed! 12 years, 10 months ago

    Global Group345 Ann St Brisbane07 3236 9750 speak to Barry JakemanThey do project management, construction management & build, they can also look at new intuitive ways that you can save a lot of money on your development.

  • Shoooshoo,The talk of dodgy builders in Chinchilla has been raised by one group in particular (i will not name names) only to make them look better in certain estates throughout the town. We are in contact and deal with 90% of the builders locally and they are all good people, this rubbish about them being dodgy is utter nonsense as they all have…[Read more]

  • GiumelliGroup replied to the topic The 5 minute deal cruncher in the forum Value Adding 13 years, 1 month ago

    It can be quickly if you know your figures back the front. From building prices, project managers fees, council lodgement fees, time it will take to go through council, pre sales period, land tax, rates, building time frames, finance fees, broker fees, interest over the period, gross sales etc etc etc. The only stumbling block will be council…[Read more]

  • GiumelliGroup replied to the topic Is there light at the end of the tunnel ?!? in the forum Help Needed! 13 years, 1 month ago

    Hi Matt, please see below for responses.Trent – Thanks mate ill try to stay positive! Do you mean move far away from CBA will all my finances? I have multiple business accounts/SMSF term deposits, Loans (personal and mortgage) Credit cards ect all with CBA! Should i cut all dealings with them? I DID AND IT WAS THE BEST THING I EVER DID, HOWEVER I…[Read more]

  • GiumelliGroup replied to the topic Is there light at the end of the tunnel ?!? in the forum Help Needed! 13 years, 1 month ago

    Hi Matthew,Welcome to the forum and chin up! You have achieved a lot for your age and should be very proud of yourself…Richard & Dan42 have provided some great information but the thing i would like to add is move as far away from CBA as soon as possible!! I used to work there in their mortgage department and they are all about tying peoples…[Read more]

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