https://www.propertyinvesting.com/members/jon-chown/activity/ Activity feed for Jon Chown. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e1f24c6639d920ba7c87723f43c396fa https://www.propertyinvesting.com/topic/4394377-how-long-does-it-normally-take-to-get-a-reply-from-an-offer/#post-4593638 Mon, 06 Oct 2008 03:48:16 +0000 To my thinking Hipe and averages around now are still coming from the boom No, in fact the averages are based on properties sold over the last three months.   Not much fresher than that. If they don't like your price tough find someone else that Yep!  Thats one way.   Let me know how many properties you buy over the next 12 months.   I know, I…[Read more]

]]> 99689887e6a77b240eb1c0cd955a7bb3 https://www.propertyinvesting.com/topic/4394374-newbie-mentor-needed-please-and-advice-on-dealing-with-real-estate-agents/#post-4593626 Sat, 04 Oct 2008 21:49:39 +0000 Dear Tee,    The first lesson on how to deal with Agents is to ignore most of what you read on Investment forums as you will only ever hear the bad stories and in fact most of them are only bad because the investor did not get their own way.   The fact is Agents are actually real people just like you and I believe that if you treat them with the…[Read more]

]]> c00679ac23c7c2e2d64841675fdd739d https://www.propertyinvesting.com/topic/4394377-how-long-does-it-normally-take-to-get-a-reply-from-an-offer/#post-4593634 Sat, 04 Oct 2008 21:36:24 +0000 I chuckled after posting this question though,  I must have been the only person in the country offering anything on anything last week of all weeks .Not at all, I sold two last week and enquiry from genuine buyers has increased quite a bit.   Good properties priced well are still selling to genuine purchasers.As to your 20% below list offer – yo…[Read more]

]]> b9287893a85cecb1716d8be4fa42dfd4 https://www.propertyinvesting.com/topic/4394250-shortfalls-how-to-have-10-properties-and-fund-them-all/#post-4592997 Wed, 17 Sep 2008 10:47:55 +0000 Wealthyjvd.If you take the time to read the following report including spreadsheets, you might find a little enlightenment.http://jonchown.topproducerwebsite.com/real-news.asp?p=52You will however need to increase your combined income a bit.

]]> c62167cb3580b528a042da5e55385954 https://www.propertyinvesting.com/topic/4394202-agent-getting-a-bit-difficult/#post-4592723 Wed, 10 Sep 2008 21:07:39 +0000 Hi Tony,   Unfortunately, I can't be of much assistance with contract law in NSW or Vic as both States have dfiierent contract law.   I was under the impression that the Lawyers drew up the contracts in NSW not the Agents and I have no idea about Vic.   Given that people move around Australia so much now days it would make sense if contract law w…[Read more]

]]> 101a2a5c7e92f92b587b4d85b4ea7150 https://www.propertyinvesting.com/topic/4394172-houses-versus-units/#post-4592619 Wed, 10 Sep 2008 07:11:08 +0000 Sandy,Obviously my statement  'maximise the return on the investors dollar outlay' doesn't make sense if you are not aware that there are computer programs available that can assist you to ascertain almost the exact return on your investment input.   No crystall ball required, just some common sense and the ability to be conservative.Somersofts PI…[Read more]

]]> 00dfddd33db234a0093615c116647ed8 https://www.propertyinvesting.com/topic/4394202-agent-getting-a-bit-difficult/#post-4592721 Wed, 10 Sep 2008 07:00:35 +0000 Tony, As an Agent, I am always happy to take any reasonable offer in writing, however if I feel that the Buyer is simply out of touch or way off target, I preferr to make the offer verbally.  Playing games with low offers does not assist in getting the eventual sale price down, it only gives the Buyer less credibility and gives the Agent the…[Read more]

]]> 7f4f5d1b40f30d5748b2381351d0d25c https://www.propertyinvesting.com/topic/4394172-houses-versus-units/#post-4592616 Mon, 08 Sep 2008 21:29:06 +0000 Event Horizon, I have no agenda and have never said that units are better than houses in all cases, however as this is an information forum, I do believe that the statements given should be factual so that people reading are given the opportunity to make an accurate and informed decision on creating wealth through property investing. Many first…[Read more]

]]> c4c80e5bdc7d7f58479f99e5210463fb https://www.propertyinvesting.com/topic/4394172-houses-versus-units/#post-4592612 Mon, 08 Sep 2008 08:28:42 +0000 ErikH saysIt is supply-demand that drives prices and the question unit or house is too simplistic and so is the much heard comment that buildings only depreciate and only land appreciates.Thank goodness that some can come to grips with this statement.   The person who coined the phrase 'Land appreciates and Buildings depreciate' must have had a p…[Read more]

]]> 010acf086c22d40c0d00380316765afa https://www.propertyinvesting.com/topic/4394076-opinions-on-property-offer/#post-4592138 Wed, 27 Aug 2008 21:46:50 +0000 Steve,   While I am not completly familiar with property values in the Whitsundays, this deal looks very attractive to me considering we would be hard pressed to even build a two bedroom townhouse including land in Brisbane for that amount let alone make any profit.Linar said'I would think that seasoned investors would be very wary of anything th…[Read more]

]]> e5ab00645a85ead898811753cfbffe60 https://www.propertyinvesting.com/topic/4394035-do-i-need-councilstrata-approval-for-any-work-done-inside-my-unit/#post-4591960 Wed, 20 Aug 2008 21:27:16 +0000 With properties in a Community Title, generally what you do inside is up to you provided the changes are not structural.   From what you have said in your last post, it would appear that you will be filling in a void (how you propose to build the floor will be the telling point here as this will require an engineer to ascertain what effect it w…[Read more]

]]> e1187ab28e47b005cc63862431207cac https://www.propertyinvesting.com/topic/4394035-do-i-need-councilstrata-approval-for-any-work-done-inside-my-unit/#post-4591958 Wed, 20 Aug 2008 06:19:07 +0000 Provided that you have informed the Body Corporate that you will be doing renovations and have the necessary insurances in place and that the work will be built to engineers specs there is no need for Council approval.The difference in Terrys friends case was that they were in fact increasing the GFA (gross floor area) of the Building which I…[Read more]

]]> 2e7152423b70360e69507a7cbc8b1ca2 https://www.propertyinvesting.com/topic/4394039-avoid-paying-realtor-and-agent-fees-2/#post-4591969 Wed, 20 Aug 2008 06:12:00 +0000 Hey, that's a rye one Rye.In fact it’s the most used site by property buyers in Australia to look for property. I wonder what RealEstate.com would have to say about that statement?Good luck to you, selling property for $3000 commission makes me wonder what you do for the Client for your money.

]]> 538088ae7407f1e4248ab5bf775e4449 https://www.propertyinvesting.com/topic/4393892-community-title-2/#post-4591159 Wed, 30 Jul 2008 21:29:29 +0000 They are one and the same thing.   Community Title Schemes cover all Strata Title registrations and as such they will have common property areas which will require future maintenance hence the requirement for a 'Sinking Fund'.   In Queensland these funds have a prescribed method for calculation and are the best thing that has happened to Com…[Read more]

]]> 8fb09e40db668b5aaedd92bbe26b3ed7 https://www.propertyinvesting.com/topic/4393809-foreclosure-listings/#post-4590778 Sun, 27 Jul 2008 02:10:13 +0000 Why on earth would anyone want a list of foreclosure Properties.   If you think that you are going to get any special deal here then guess again.   Try following any Public Trustee auction and you will see that in many cases they get more than the property is worth just because so many people go to these auctions in the belief that they are goi…[Read more]

]]> 2276d896cafa79f04f86b4211389b78e https://www.propertyinvesting.com/topic/4393844-getting-removed-from-tica/#post-4590967 Sun, 27 Jul 2008 01:59:08 +0000 There are three sides to all stories,   Your side – There side – and the truth.   I am sorry to say that it would be rare that anyone is placed on Tica for no reason.   You may well see it as the Agents fault and obviously the Agent sees it as your fault.   Is there any money still owing and if so paying this amount will get your name of TICA.  …[Read more]

]]> 6724f0b35510d241e3385c86720c6a29 https://www.propertyinvesting.com/topic/4393799-off-the-plan-investments/#post-4590723 Sat, 26 Jul 2008 22:16:46 +0000 In my opinion a Developer giving a rental guarantee for the first year is a positive  move.  Depending on the number of units in the development, it is often the case that at time of settlement there will be a short term glut of rental properties which will force the real rental value down in the short term.   After 12 months, there will only be s…[Read more]

]]> 159e7081b62f355783439914f377ed1b https://www.propertyinvesting.com/topic/4393795-freehold-to-strata-what-costs-re-fireproofing-legal-council-experiences-in-changing-from-units-on-1-title-to-strata/#post-4590703 Sun, 20 Jul 2008 08:39:24 +0000 Are they Brick or timber?   Some of the earlier single level have Brick exterior but timber party walls and floors.   These can be a problem to get fire rated.Jon

]]> e2a5b40569d6d406e6eec3585c405e7f https://www.propertyinvesting.com/topic/4393792-advise-on-dual-keys/#post-4590693 Sun, 20 Jul 2008 08:35:50 +0000 Sorry, I can't comment on Parramatta.   I'm in QLD.   Have a think about the following example.You purchase a 2 bedroom dual key  unit for $300,000 which grosses 7% rent return or $404 per week.   For the purpose of this exercise the annual growth for a two bedroom unit in this area is 8%.   This would mean that the new value after 5 years wo…[Read more]

]]> 2e9ca796b3620833d3369c0116a119ce https://www.propertyinvesting.com/topic/4393744-optioning-a-raw-land-site-for-da-approval-to-onsell-to-a-developer/#post-4590360 Sun, 20 Jul 2008 08:20:56 +0000 In 1995 we could get a DA in 90 days the same DA now takes almost 2 years.   We used to be able to offer a premium for the site, but unfortunately now that the GFA % has been reduced to 50% on LMR blocks the House is usually worth more as a house than a developer is prepared to pay.   It has also taken away the greed factor of the Home owner (ge…[Read more]

]]> db2f959782ff21a1792ca655d098eeac https://www.propertyinvesting.com/topic/4393779-negative-gearing-review-by-govt-what-is-the-status/#post-4590548 Sun, 20 Jul 2008 08:11:31 +0000 Now, as property investor you are obviously intelligent enough to make your way in the world. I understand that your wish is to provide a better future for you and your family. No problem. However, if ones providence is based on the impoverishment of another that is a different story.I certainly don’t want to take away from any other hard w…[Read more]

]]> c1c07ce96318d0efd1f9f57000d68371 https://www.propertyinvesting.com/topic/4393792-advise-on-dual-keys/#post-4590691 Sat, 19 Jul 2008 22:59:20 +0000 Dual key units are generally located in Hotel/Motel style developments or in Student accommodation blocks and while they will show a better than average rate of return they usually suffer a lack of Cap growth due to the fact that when they come up for sale the new purchaser will also want to achieve the same rate of return (or better once they get…[Read more]

]]> 67cebb4e1f3e562c8d214fb0e1fe299c https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/#post-4590609 Sat, 19 Jul 2008 01:11:30 +0000 I think that the basic concept of Amway is good, but I also believe that the break down in the chains is that, from my observations , People pay the joining fee with the expectation of getting rich quick with no work output and as soon as it doesn't happen and the cheques don't come in, they quit.   Not unlike many people who get into property i…[Read more]

]]> 59024610e9b852f1dbe5720cbb592763 https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/#post-4590609 Sat, 19 Jul 2008 01:11:30 +0000 I think that the basic concept of Amway is good, but I also believe that the break down in the chains is that, from my observations , People pay the joining fee with the expectation of getting rich quick with no work output and as soon as it doesn't happen and the cheques don't come in, they quit.   Not unlike many people who get into property i…[Read more]

]]> 83eccd6b5fe35731c409688f259b48be https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/#post-4590609 Sat, 19 Jul 2008 01:11:30 +0000 I think that the basic concept of Amway is good, but I also believe that the break down in the chains is that, from my observations , People pay the joining fee with the expectation of getting rich quick with no work output and as soon as it doesn't happen and the cheques don't come in, they quit.   Not unlike many people who get into property i…[Read more]

]]> bb8e34d7a2249b6c7e6928b3f6b95a54 https://www.propertyinvesting.com/topic/4393779-negative-gearing-review-by-govt-what-is-the-status/#post-4590533 Sat, 19 Jul 2008 01:00:26 +0000 Property is a unique asset. Its main purpose is shelter.as a potential FHO I am not a fan of NG and what it has done to housing affordability in Aus.I'm not sure that negative gearing has done anything to your affordability.   What would you preferr, the Govt giving incentive to people to house you or you paying twice the rent that you do p…[Read more]

]]> 59b3d6e2086978c52b01ee60eb4a5005 https://www.propertyinvesting.com/topic/4393751-high-rental-but-slow-capital-growth/#post-4590403 Tue, 15 Jul 2008 09:26:52 +0000 I would hold this property.   Investment is for the long term and you should not be dissatisfied with the performance in just two years.   After paying selling fees and CGT there will not be a lot of profit and I very much doubt if you could replace this unit with another for $397,500.Quick profits come from greater risk and are of a more specul…[Read more]

]]> 9098a9b90dc65a7a820958528a210b76 https://www.propertyinvesting.com/topic/4393707-sale-of-ip-subject-to-finance-clause-help/#post-4590155 Thu, 10 Jul 2008 21:35:23 +0000 Chelley.   You should realy get legal advice on this situation.   I don't understand the full implications, however I have come across this situation before.   I wish that there were some Solicitors on board here to clarify this one.   From my understanding and I have no idea why it is so but unlike any other clause on a contract which is deemed…[Read more]

]]> 043c967696217be6ecdfd5a304d85d15 https://www.propertyinvesting.com/topic/4393704-is-the-great-australian-dream-a-croc/#post-4590137 Thu, 10 Jul 2008 02:27:17 +0000 I'm sure that you will do a great job on this very important Topic.   While I don't fit into any of your categories, I would like to bring one point to you attention (just in case you miss it).   The average new house size today has more than doubled overthe last 20 years, consequently is would be fair to expect that average house prices have…[Read more]

]]> 00b998993a00221c6506b071cfcb2b42 https://www.propertyinvesting.com/topic/4393703-subdividing-corner-block/#post-4590135 Thu, 10 Jul 2008 01:56:07 +0000 Pez,   While I am not familia with NSW regulations,there are a couple of issues that I believe that you should look into.What is the size of the land and if divided, will it have a large enough footprint to build a home on allowing for set backs?For example an 809m2 block is typically 20m by 40m when cut in half you get two square blocks of 20m b…[Read more]

]]> 7daced59a9d106e9dcc62cf4a79738ca https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/20/#post-4587111 Wed, 09 Jul 2008 10:52:20 +0000 Bugger – Don't know what happened there

]]> 267aae3848c6bc096381cb318a80e8ea https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/19/#post-4587110 Wed, 09 Jul 2008 10:49:28 +0000 I’m not for one minute disputing the fact that the Property market is flat at present and in fact I’m sure that in some places the value has fallen.   I would suggest that perhaps the degree of fall would be greater the further out from CBD’s or Regional Centres. Buyers fall into several categories;-First time Buyers with good jobs and income (…[Read more]

]]> 652ca1b53d2798f61065b7fe66d6c274 https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/19/#post-4587108 Wed, 09 Jul 2008 10:44:52 +0000 I’m not for one minute disputing the fact that the Property market is flat at present and in fact I’m sure that in some places the value has fallen.   I would suggest that perhaps the degree of fall would be greater the further out from CBD’s or Regional Centres. Buyers fall into several categories;-First time Buyers with good jobs and income (…[Read more]

]]> 02d78e8889b3fbcf86e47a0aada0bc5c https://www.propertyinvesting.com/topic/4393701-in-the-sale-of-a-unit-complex-how-is-sale-price-determined-for-each-individual-unit-and-what-is-the-sale-process/#post-4590124 Wed, 09 Jul 2008 10:20:30 +0000 Hi Jake,   Not sure about WA but in QLD this type of decision would have to be unanimous. (I have personally seen an instance where the purchase fell through due to one old lady saying that there was nothing in it for her)   I would be surprised if the Developer would let this rumor out in the public domain as it would affect their negotiation pow…[Read more]

]]> 9cf443484089ecadf5f3500f68708494 https://www.propertyinvesting.com/topic/4393698-when-the-seller-wont-negotiate/#post-4590102 Wed, 09 Jul 2008 06:57:26 +0000 Hi Melbally,   As most people wish to believe that the Vendor should always negotiate down, I'll pose the other side of the equation.While I have no idea where Melton is in Victoria, but with a 3 bedroom house at $185K, I can only assume that it is a regional area.   While as a Buyer you have every right to negotiate as much as you wish and you…[Read more]

]]> 12b26fbdd652e92d5d9527bd5570dc22 https://www.propertyinvesting.com/topic/4393670-any-suggestions-for-independent-advice/#post-4589966 Sat, 05 Jul 2008 23:20:37 +0000 Hi Habby,   Questions like yours are difficult to answer at the best of times, however I do have a couple of thoughts but first I must ask the obvious.   How does a property pass your investment test?I know nothing about property in Mornington Peninsular, however i'm assuming that property in the $300K to $350K range would be the most sought aft…[Read more]

]]> 21db1ca40bec6e7f44f0e58f85a6fab2 https://www.propertyinvesting.com/topic/4393659-cranky/#post-4589908 Sat, 05 Jul 2008 22:54:16 +0000 Might I suggest that one party is going by the letter of the law and the other party is chucking a wobbly because they can't get their own way.   For goodness sake, what's the rush, if a couple of weeks vacancy is going to be that big a problem then you have either overextended on your borrowing capacity or you should not be investing in p…[Read more]

]]> 1ace6adfa81a1166db9551a2f2022d95 https://www.propertyinvesting.com/topic/4393638-banks-lending-approach-to-flips/#post-4589752 Fri, 04 Jul 2008 02:30:35 +0000 David,   Just put it on the ignore list, anyone well intended would at the very least accept messages and post under their real name.   Check out the profile.I'm not suggesting that the comments are right or wrong but wonder if we can expect any messages when the market changes and what they will be.   Jon

]]> 8ef1326d7cd094b189b053de405b212b https://www.propertyinvesting.com/topic/4393619-buy-rent-or-re-mortgage-in-this-market-sydney/#post-4589647 Mon, 30 Jun 2008 07:47:07 +0000 You have to be kidding TT552.   Here is a person who has one house with a shortfall of around $100 a week and a Unit that I presume they are currently living in (as it was rented) with a loan value of $370,000 and a service cost of what? guessing around $1000 a week.   So thats a total of $57K a year on hosing and an income of $265K.   Talk about…[Read more]

]]> 725891749137b6cf3fb977491d588c59 https://www.propertyinvesting.com/topic/4393578-investing-in-brisbanes-west-end/#post-4589477 Wed, 25 Jun 2008 04:24:04 +0000 Chris,Long term (10 years or more) I don't have a problem in suggesting that there will be profit to be made in this area (Left Bank as we call it).   However I believe that there are better prospects for investment than in these developments.   Ariva is about to settle and thereare already people trying to resell prior to having to set…[Read more]

]]> e356eb551bdbd3e834019b4cefaef56a https://www.propertyinvesting.com/topic/4393585-insurance-for-strata-unit/#post-4589509 Wed, 25 Jun 2008 00:45:29 +0000 Tugger, The easiest way to explain is that you own and are responsible for the inside and the Body Corporate is responsible for the outside.  So in answer to your question, Yes you do require strata cover for the inside.Jon

]]> 112fc77ee6189546e15ae53199292025 https://www.propertyinvesting.com/topic/4393579-urgent-help-needed-re-rent-increase/#post-4589481 Tue, 24 Jun 2008 08:33:28 +0000 While in the face of the information given it would be fair to say that there could be some sympathy for your situation and while Patriotsoldier is correct in the rental side of the equation, the important part of the equation is missing.   How much is the property worth on the market? (A quick search reveals that 4 x 2's in the area are mostly s…[Read more]

]]> 7b52e0dcec5271d2e34a2377f873f1bf https://www.propertyinvesting.com/topic/4392926-offer-before-auction-pros-and-cons/#post-4585757 Tue, 24 Jun 2008 07:02:10 +0000 Not sure about other States, however in Queensland the answer to this question is found here – much to the dislike of Buyers who continually want us to break the law.‘574D Real estate agent not to indicate reserve price topotential buyer‘(1) This section applies if a person wanting to buy residentialproperty (potential buyer) asks a real est…[Read more]

]]> a994d7b951facf7ba483bf7243ea642b https://www.propertyinvesting.com/topic/4393578-investing-in-brisbanes-west-end/#post-4589475 Tue, 24 Jun 2008 06:43:38 +0000 Hi Chris,West End is the area that I specialise in, although almost entirely in the Unit/Townhouse side of investment and I agree almost entirely with the comments and observations given by Event Horizon.   Although there are still some good buys in this area, I feel that we have perhaps toped out at present and, as mentioned above, areas like W…[Read more]

]]> 91c10a6a593e9ead9d430ea4c3f1d6af https://www.propertyinvesting.com/topic/4390887-peak-oil/page/2/#post-4574595 Mon, 23 Jun 2008 03:17:08 +0000 I was interested in this report.   What do the other analyists on this site have to say about this.   Is he real?http://youtube.com/watch?v=UOpcPfAarjY

]]> b4753699a604c239e89aec3880083536 https://www.propertyinvesting.com/topic/4393540-property-prices-2/#post-4589247 Sun, 22 Jun 2008 07:10:10 +0000 Fosty1.   Sorry I have no experience with flats or multiple occupancy.  My comments were a throw away line.

]]> 5f833a0dc73bd611a7fc2e9c5232d4ef https://www.propertyinvesting.com/topic/4393540-property-prices-2/#post-4589246 Sun, 22 Jun 2008 07:08:26 +0000 In the 1980's I was selling property when interest rates were over 18% and while oil wasn't $200 a barrel,  most families only had one car.   Perhaps we will learn to adapt and change our lifestyle to suit our circumstance.   I don't see house prices dropping significantly just because some people want them to.   We forget very quickly that house…[Read more]

]]> 7ab5b6c6c1cdab82f726f280258f98a1 https://www.propertyinvesting.com/topic/4393536-banks-increase-rates-today-up-from-8-95-to-9-03-anz-westpac-i-told-you-so/#post-4589229 Fri, 20 Jun 2008 06:34:31 +0000 Yes, I wouldn't mind having a mint xu1 in the garage.   I'm sure it would have proven to be an excellent investment.It's funny how moments in time change and our beliefs change with them.   A friend sent me an email the other day with extracts from the Courier Mail 1957.   Two stood out as interesting to me.   A Victor lawn mower cost 49 pound (…[Read more]

]]> f55246a7083503d50ddc8341c1da3775 https://www.propertyinvesting.com/topic/4393540-property-prices-2/#post-4589242 Fri, 20 Jun 2008 06:21:15 +0000 Wezwaz.   Heven forbid that they do, but if they do, It will be time to invest in tent manufacturing.   There is always an opportunity.You could always buy a house with lots of bedrooms and rent out by the room.   As you say the property may not rise in value by much, but think of the return on investment you could get.  Peopel still ned a roof o…[Read more]

]]> 63f5486e786ed9b669b8fa3b86a61146 https://www.propertyinvesting.com/topic/4393536-banks-increase-rates-today-up-from-8-95-to-9-03-anz-westpac-i-told-you-so/#post-4589225 Fri, 20 Jun 2008 02:23:49 +0000 Hi ‘D’,   While I appreciate the sentiment that you described in your post (not wanting anyone to go broke or loose money), to say that you are not negative is just a total crock – there is little in your comments that could be construed as positive (apart from your friends decision to purchase what sounds like an exceptional deal). While it is tr…[Read more]

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