Hi,Yes,you are correct.All the semi,s are ex housing trust stock.Also,some areas are better than others.On viewing realestate.com sales,there seems to be a lot of competition when 2 duplexes come on the market together.Expect to pay 220 to 270.

Without property investing,i would still be driving a mini.  

I get my release from restoring cars,being a Holden boy,the collection includes only classic cars of the 1970,s.Have a HQ SS,HX Sandman ute,HJ Sandman van,HZ  Monaro,HJ  Monaro,HQ Coupe.I have a bloody big shed!!!!!!

Zem  get the councils development plan and study it so you have a thoughough understanding what is allowed,and what isnt.Look for service issues with power,water and sewerage,and ask questions,but never let the 1st answer you get be the be all and end all,especially dealing with council town planners.Enjoy the journey 

councils frustrate the livin daylights out of me.

Michael,In doing a double hammerhead,this would give us 2 parcels of land each being 1900sm,each would then have a seperate entry/exit point,these would still be community titled as the water and sewer would be a shared service.How do we get around expensive civil works?In our current plan we have 5 blocks,if we reduce this number and increase the…[Read more]

Yes,this was considered,but woulnt work as there is a house already on the block,forcing a hammerhead development,As the land is 120 m X 40 m the driveway handle being common land leads down to the usable land,being 3850sm.Maybe a double hammerhead would work?Any thoughts?Cheers !

The positives were the money was good,and vacancy was nil,doing it again,i would be looking at a property manager to keep everything at arms length.But,im totally over it,good luck wiyh your venture.

Hi Michael,I do small sub divisions here in SA,in good growth rural areas.At present we are in the process of dividing a house on 4850sm,down to a house on 1000sm,then community title the remaining land into 5 X 5 housing blocks with the rest being common land.The difficulty i have experienced is you do the due dilligence with council and…[Read more]

Hi,Im Jim Mcintyre.Live in Adelaide in the Adelaide Hills.Have 2 rural investment properties,and subdividing a land parcel into 5 X 500sm house? land packages.Decided  recently to have a go at developing,and dont believe everything someone tells you.Ask the questions on this forum,there are a lot of very smart people on here,so use their…[Read more]

To auction is a lengthy process,ads in public notices etc,usually after 6 months of trying to get your money.We used to get auction houses in to clear the contents off the premises,they are usually advertised as default to rent,surplus sales etc.In the worst cases,i found over 60% of clients were either doing a runner from landlords,or ex partners…[Read more]

Hi V8Ghia,Cool username,We have been investing in Naracoorte for 4 years now,have 2 houses,and presently sub dividing up a parcel into 5 X 500sm blocks.We like the fact the homes are a bit cheaper,but the rents are really good,and resale is not too bad,as we sold 1 house last year which took 3 months to sell.CheersJIm

Hi,I operate out of Adelaide doing small sub divisions.I have and always will use Alexander and Symonds,they do the lot,all you have to do is pay the bills.I have always let them do the due dilligence,they dont charge for this,and can get you the upfront costs,so no surprices.RegardsJim

Hi luke,Naracoorte  is a 8000 population town,supported by keys meatworks,(who are expanding)agriculture and wineries.Our investing there has always been good for both capital gain and rent yeilds around 8%.Out of all the real estate companies,and i have dealt with them all,only one stands out.I really think the lazy agents should find another…[Read more]

Hello all,I used to run a large storage & removals company in Adelaide.My view is NEVER again.i have since sold because of the problems associated with the clients,my experience was 50% were always late,you have to go through a lengthy process to evict or auction,i got taken to court twice with related storage issues,and won,but really,is it worth…[Read more]

Hi,I am a South Australian property developer.From the start(15 years),i have used Anglesey accounting in Aberfoyle park.Speak to Jason, jason@anglesey.com.au  this accountant is a wizard at draining every cent you are legally entitled to.RegardsJim

Love the comment on the 8PM rule.Has a certain amount of merit.CheersJim

Hi Ashley,Thanks for the comment.I have worked with the surveyor before,on other projects mainly subdividing established houses on road fronts,so this sub dividing is new to me.although so far there has been no surprises,which is good.I am taking the surverers advice,to keep costs down,my other issue is i am in a joint venture with a builder,and…[Read more]

Many thanks for the answers,no real surprises here.I will pass your contacts on to him.RegardsJim