[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

July 6, 2004 - 1:32 am

Our Agency charges 6.5% + Gst, $3.00 per month statement fee and 1 weeks rent + Gst when placing new tenants, thats it!

If agents are charging additional fees what’s the management fee for??

A rent rolls value depends on many things, ie; how many multipule landlords, how long the property has been with the agency, are the properties in good condition or poor condition ?? etc.

The general rule in Qld is about $1.80 to $2.20 per dollar income depending on above factors.

Jarrod
Jarrod Lane Real Estate[biggrin]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

April 6, 2004 - 6:48 am

Well I can see the property market already slowing in Brisbane. Our office has much more on the market now that we have had for the past 2 years. Prices that we were achieving for your averarge 3 bedroom Queenslander 6 months ago we are now srtuggling to get. Just watching other offices Auction results and I believe about 60% of them are being pased in and still not selling after the auction.
Agents are now advertising properties “Vendors slash price”, “Must Sell”, “Bring me an offer” all signs of a slowing market and returning to some normality.
To say the Brisbane will be unaffected by whats happening elsewhere I believe is not true as our market is no different to Sydney and Melbourne or any other city in Australia. Some property prices will fall, I have already seen it and some will not. People who bought 6-12 months ago and want to sell over the next 6 months for a good gain, might be very dissapointed with the price thats achieveable!

I am by no means an expert, just my opinion from what I seen and read during my 10 years in real estate

Jarrod
Jarrod Lane Real Estate[exhappy]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

March 19, 2004 - 8:19 am

Jez that seems expensive! Can’t help you on conveyancing in NSW but here in QLD about $350 – $500 is the go. No searches needed when selling mainly when buying. We don’t have a 149 here so I’m no good to you there either.

Jarrod
Jarrod Lane Real Estate[blink]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

March 10, 2004 - 7:56 am

I think this Latham guy is an absolute joke, Can anyone really see him representing Australia on the international stage?

God help Australia if Labor get in! I don’t believe he will do half of what he says and if he does it will be Paul Keating all over again, country goes into huge deficet then it will take a liberal government to get us out of it again.

His tactic are very good though I must say, he is certainly pulling on the right strings. MP’s super etc.

Jarrod

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

March 9, 2004 - 3:36 am

Once the lease is signed, sorry the rent is in place until the contract ends, no matter how much you improve the proeprty.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

February 23, 2004 - 5:19 am

Danw

If you want, I do not mind putting a pack together for you, and sending it out with all the information and forms you will need. My email address is [email protected] send me a message with your details. I own a Real Estate Office here in Brisbane and will help you out as much as I can.

Jarrod
Jarrod Lane Real Estate[^]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

February 19, 2004 - 1:42 am

Jenman really irkes me when he says agents get kick back from the media, or they charge the vendors more and keep the cream. I know a lot of agents and I do not know one who gets any sort of kick back and never have. What he is doing is scaring the public into using agents that use his system, whick he gets a kick back from. Mr hypocite himself. (Our ofice pays for advertising with all sole agencies)

Yes you are better to use one agent that you feel comfortable with and believe will work hard for you. Make sure you interview a few. That way you & your agent are incontrol of all offers that come your way. If the property is for sale the buyers will find it with the right advertising and the right agent. Open listings don’t cause competition because agents do not actively work them, if the have a buyer they have a buyer, if they don’t, well they are not fussed. I know I alway give 100% to the vendor who will commits to me, it is only fair.

Best of luck with your decision, people on this forum give great advise.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

February 18, 2004 - 2:33 am

Brisbane lord mayor Tim Quinn can out this week and stated he wants to try and put caps on populations in certain areas. He believe the hugh migration into the North and South of Brisbane is having a major effect on number of areas; traffic, community planning etc. Wants to look at moving people west of Brisbane. Don’t know how sucessful he will be be as how can he tell people where they can live. But then again it is the Brisbane City council.

I’m with the others not a big fan of Ipswich, to hot, to cold, to far away. Paddington although rent returns are low, GC will always be there.

Jarrod
Jarrod Lane Real Estate[]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

February 11, 2004 - 8:53 am

Don’t know what other agents do or if they even charge?, I know I don’t and would think it to be a normal operational cost.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

February 11, 2004 - 7:29 am

Just for you info, from an agants point of view they only charge $22 per month for as many listings as you want. realestate.com charges $300 per month.

If a lot more people new about it and agents used it more, it could be very good given the chance and a few modifications.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

February 10, 2004 - 3:43 am

Here in QLD it is definately NOT LAW you must pay a deposit. I have complete sales on as little as a $50 deposit, but the general rule we use is 10% or thereabouts once the contract becomes unconditional.

TERMS OF CONTRACT REIQ

2.4 ENTITLEMENT TO DEPOSIT

(1) The party entitled to recieve the deposit is:
a. if the contract settles, the Seller
b. if the contract is terminated without default by the Buyer, the Buyer.
c. if the contract is terminated owing to the Buyers default, the Seller.

If the Buyer terminates a contract during the cooling off period the Seller is entitled to recieve .025% of the purchase price from the Buyer. A smart Buyer will use finance or building inspections clauses to terminate a contract without penalty.

Never herd of an agent refusing to submit an offer without a deposit. I’d also be checking with the Office of Fair Trading if what they are doing is legal, and if keeping the deposit is legal ( I have my doubts).

Jarrod
Jarrod Lane Real Estate[]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 24, 2004 - 4:20 am

Markpatric,

Where about’s in Brissy are you, I am currently looking at acerage in the Chandler area east of CBD about 15 mins drive. Prices start at around $500k

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 23, 2004 - 5:05 am

I biggest concern is the expense of management fees and inccuring cost of all that goes with it.

We had a unit on the Gold Coast and the on site manager was charging $10.00 to change an ligh bulb & $3.00 for the light bulb. Linen might get stained so it was replaced for about 50% more that I could buy it for and then charged to replace it. Knives & forkes, pillows, lounge suite, tv’s, washing machines breaking down, towels ect All were replaced and charged for without even telling us what was going on.

Cleaning was another rort. So out of a one night stay @ $160 we would probably see $80. Then then were BC fees which were really high etc. Hence as soo as the market lifted a couple of years ago WE SOLD!

My advise unless it is a really good price be careful.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 22, 2004 - 3:31 am

Dosen’t the state of the street, houses and the surrounding area tell you what type of tenants that are going to be attracted to your house? – Think about it?

It could take many years for the area to come good, What IF you needed to sell and the market is not as good as it is now!

I herd a story once about a millionaire property investor, can’t think of his name right at the moment, but this is how he solved the problem of the ‘best house in the worst St’ He bought the whole street over time, renovated all the houses and sold them off for a hug profit – OVER TIME! Ok if you have the money.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 16, 2004 - 8:51 am

Why are you collecting the rent? Should it not go to your PM, and then he/she fowards it onto you at the end of each month?

Any case here in rainy QLD tenants are allowed to get 7 days behind in rent before a formal notice can be issued. A further 7 days before another notice can be issued & if they still havent paid you may then issue a notice to leave 7 days after that. Usually your PM will phone when tenants are 2/3 days late and find out what is happening.

Don’t get two concerned, if your PM is on the case they should know what is happening.

Jarrod
Jarrod Lane Real Estate[]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 12, 2004 - 4:05 am

If you type in real estate private sales on ‘Google’ or ‘Yahoo’ I’m sure you will find a couple of sites to advertise on.

Check out housesonline.com.au

Jarrod
Jarrod Lane real Estate[]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 9, 2004 - 6:48 am

hwd007,

Some of my experiences as a PM. I have rented dozens of properties of lower quality (55 – 20 yr old units) to Bosnian refugees and could not ask for a better tenant. They keep the units immaculate and their rent is ALWAYS paid on the exact date. At the same time I have rented $400 a week homes to doctors and the would never do it agaiin. They have lived like pigs and for ever chasing rent, say they are to busy to pay it.

Guess my theory is that a properties from the lower to mmedium bracket the tenants generally stay longer and because they may take longer to save for deposit to buy their own place, they tend to treat the rental like it was their own as they usually stay longer.

Just my observation.

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 9, 2004 - 6:30 am

For those people looking for property foreclosures my phone number 1s 07 3394 1595 or email [email protected]. More than happy for you to leave your details to me and I can pass on information as I get it.

My mate handles most of the major banks and some smaller banks here in Queensland/Nth NSW and just last week have now be given right accross australia. Has done so for several years (works out of Brisbane)

S.I.S – As far as I am aware, EVERYTHING is done through his firm and they organises the agents in each location. No bank branch as far as I know would have access to this information, as the banks head offices send the details directly to my mate or the banks solicitor who inturns will send information to my mate. EVERY property is auctioned off once the bank has repossessed. As legislation stands, the banks must act in the interest of the client, and selling a property off before it hits the market could land a bank in hot water.

I may be wrong but I believe this to be correct. Have you seen any properties on display in bank branches? Would be interested so I could let them know.

Cheers Jarrod[]

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 7, 2004 - 5:15 am

emacavity

Send me your email address I may be able to help. I have a friend that works for the banks in repossessing homes. They basically make sure the occupants are out, organise a local REA and clean up the property ready for sale. As the market has been so busy over the last few years things have been a little slow for them and anything that has come is sold UTH at auction for good prices. If you are patient this will change as interest rates rise and we will see more come through. I have picked up a couple, although not in recent times, prices have been too hot.

I get nothing out of it other than pass on the details of the property & agent for you to do your own DD.

Jarrod
Jarrod Lane Real Estate

[liverpoolharrykMember@liverpoolharrykJoin Date: 2003Post Count: 28]

January 6, 2004 - 4:05 am

My understanding is that if you buy a whole block of strata titled units you do need to set up a body corp, you can control it yourself but it still needs to be set up.. If it is a block of flats on one title then there is no body corp.

I find the property investment section of the major newspapers a good way to locate bloks of units/flats.

hope this helps
Jarrod
Jarrod Lane real Estate