During the process of financing it, the finance broker was bemoaning his business’ fate because he says that bank valuations are all coming in low at the moment. It seems that with the interest rate rises and more on the way, the…[Read more]

Having said that, I usually find working with the council is your best bet. Book a meeting between you, your architect, and the council. Set the agenda as finding out what their issues are that are…[Read more]

Thanks for the question.

The direct answer to your direct question is identical offers with the only difference being deposit terms, as the vendor, take the better deposit.

I don’t disagree with anything you said. Vendors set their terms either on what the market will bear, what their agent’s convince them, or some other…[Read more]

What you describe is what I termed the “developers premium”.

It doesn’t always work. That is when lifex’s proposition kicks in.

However odds are in your favour going down the build road instead of the one year old road. The caveat is to research first.

Most lenders will not give you better than a 70-80% LVR if the town has less than 10,000 people in it.

There is a thing called the “developers premium” that comes into play when building versus buying a 1-2 year old property. We built new homes and sold them for greater profits than buying a 1-2…[Read more]

Still there Kitty? What’s happening?

The only fair value for the property is what the market will pay.

Licensed valuers are usually conservative in their assessment to what the “true” price is to avoid malpractice suits. So I wouldn’t recommend that as a solution.

You could put it to a public auction and have your relatives bid against the open market.…[Read more]

Unfortunately, in its effort to protect average joes from themselves, government legislation and regulation enshrines mediocrity in the results possible by traditional “safe” investments. Worse is, if you read and believe books like Prophecy by Robert…[Read more]

What you are trying to do only works with SMSF and there are strict rules.

We started off in Victoria where we live back in 2000. We watched it race away so cashed out and moved our focus to Brisbane. We bought and renovated up there and watched QLD race away. Again we cashed out and then moved our focus to Perth in 2003.

Having watched Victoria and Queensland get caught in a wave of hype and making…[Read more]

Regardless of which state you are in, you need to read your original contract carefully.

If you changed stuff after the contract signing, they usually give you a variation order that details the change, the cost, and get you to sign.

If not, check your contract for each…[Read more]

Identical colour, drive train, etc.

Bought them on a runout for the model change from VX to VZ and used the proceeds of a creative vehicle financing deal to fund the deposit on an IP.

It sounds like you are planning to rent out a home that was your principal place of residence.

The house is in your name only.

Also, you are thinking of “selling” the home to a trust that you will establish.

Am I right so far? I will keep going on the assumption that I am.

Finally, the reason you present for selling to the trust is to…[Read more]

We are based in Victoria but invest extensively in WA.

Rezoning is ultimately approved at the WA Planning Commission. Even councils have to submit proposals to the WAPC if they want rezoning in their area.

The process typically takes about 2 years. Your odds of success are not high if the council won’t back you. However it is not…[Read more]