Hi Apana,While you may think that your clauses are fair (and to a degree, they are), If the Seller were to sign your contract they would be effectively taking their property off the market for the next 21 days while they wait for you to accept or decline due to what ever your searches find.   If you were to decline, this puts a a degree of doubt i…[Read more]

Hi All,Some excellent answers to a very tongue in cheek question.   It is as I expected, good Positive cash flow properties must be created not found.I especially like Tysonboss!'s answer:- Stop looking for positive cash flow properties for you to BUY. Hallg, you've done well, Commercial is often a good way, the only draw back can be long time be…[Read more]

Hi Else,In answer to your post, I find that while I fully understand that all prospective purchasers must go through a stage of self education in respect to what their money will buy,  it is more often the case that Buyer expectation exceeds reality.In saying that, I believe that there are perhaps four things that a Purchaser should kn…[Read more]

Hi Ms B, Happy to help, but must inform that it is simply an excel spreadsheet with built in calculator.   Provided that you know the variables it works out the %rate return on the investment outlay.   If this is not around the 20% mark then I would not consider the site.   Please email me where you want it emailed.Jon

Karen,Simon is correct you must be careful when it comes to purchasing off the plan.   Purchasing any property is all about timing and with Off the plan purchases you must have a clear vision of how and where the market is heading by the expected completion date, I would also advise that you should not pay more for the property than the average a…[Read more]

Mikey, I have a friend who just did a 100 lot subdivision.   He told me that it cost him $50K to produce.   On the other hand we must not confuse the cost to develop with the total cost of Govt and Council fees.   If we were to add Stamp Duty and GST to the equation we would surely be close to the $100K mark.Jon

Lots of visits but no examples – Is it as I asumed, another investor myth?Jon

Hi Marc,Thanks for the reply.   I was really wondering where people find them and wanted to know more about them.As for the pos cashflowed after tax method, I am fully aware of this method as I use it myself.I am looking for Properties that are purchased as Positive Geared from date of Purchase without a deposit to make them positive.I have n…[Read more]

LA Aussie says,On the other side of the coin, there is nothing worse for an agent than a purchaser who doesn't give them specifics, or constantly changes what they want.Marc, this is so true.   You can't help people who don't know what they want.   I would like a dollar for every buyer who has told me that they don't know what the want but the…[Read more]

After reading this article Agent Underquoting A Necessary Evil from the Melbourn Age, I fully understand why some of you are concerned with the process.   This method of Auctioning has been wiped out in sunny Queensland and our system is much more controlled and open – Come on up the weather is fine.Jon

Hi JKF,  An interesting question.   I presume that you are asking from the perspective of a Purchaser and not a Seller.The sad reality for Purchasers is that most agents just don't care.   The real possibility of helping is limited to the extent  of the listings that an agent has to offer (Although we often don't know what we may list in the next…[Read more]

Hi Renomart, I notice that (like me) you are new to the Forum and already noticing that there a few contributors who seem to think that everyone in business is a rip off merchant and knows nothing.   Please ignore them and continue to contribute, if I wanted information on Kitchens I would much preferr to hear it from someone in the game than a kn…[Read more]

   Now I’m totally confused.   MKC says:- l'm sure it'll be a way slow seller so l'm hoping the owner might be open if his realistic. One up the roads been up two years so the deal l want to put to him would be over in twelve mths, gotta look good to him surely.  You surely must be talking about some God forsaken property out back in the boon do…[Read more]

Nats12,we're building a 200+sqm townhouse – single level not double, but 3 BR + study plus 2 living areas for well and truly under $200k.I should hope so, single story is so much cheaper to build.   I stand by my estimate of $200K , have just done it, but hey what do I know?Jon

Hi everyone, I guess I just take Agent bashing a little personally – no offense taken on my part as all questions are valid to the person asking the question.Unfortunately, I can't speak for all States as I understand that property negotiation is different across Australia, However in Qld an Agent must take and present all offers to a Client (I…[Read more]

   Hi Marc, I am going to make the effort to answer some of your statements in your post, NOT in an attempt to try to change your mind because I know that this would be wasted breath, but just in case some other members happen to read your opinion and are swayed by it.   There are, as you know, three sides to any story – Your side, My side and the…[Read more]

I believe that 'Heat Up' is perhaps a poor description of the current market trend in my area of Brisbanes Inner South.The basic laws of Supply and Demand dictate that as available property deminishes prices will be pushed by those people wishing to get into the market.New Development applications are down and construction has all but stopped.   M…[Read more]

Hi Elka,That sounds like a fair and open way for a seller to achieve best price on the day.   There is a small number of auctions done in Australia similar to this (called reverse auctions) except that the Auctioneer begins at a considerable price higher than the reserve and begins to work down first person to bid before the price reaches the res…[Read more]

Hi Carpe,   I did reply to your pm and also attempted to send a new pm, however It came back as not able to contact???Please pm me your email address so that I can send you the Development Feasability Spreadsheet.(don't seem to be able to send attachments on this forum)   If the bottom line is not over 20% then forget the exercise.   I have fille…[Read more]

I find it difficult to believe that I just read this post and that someone would actually ask this question – but here goes with an answer.It is the agents duty to the vendor to present all offers to them, however it is also their duty to offer advice as to if the offer is in the best interest of the vendor or not.   It is then up to the vendor t…[Read more]