I did. Still not clear to me if they invest in positive cash flow properties or develop or …

Maggie

You are very helpful.
Yes, we do intend to draw a plans and go to the council and talk to them first before we do more detailed plans. We know the regulations and the Res Code. Usually the Res Code is not that strict that’s why some people after they have knock back from council go to tribunal and very often they win.…[Read more]

I have checked out the web site.
Impressive, it looks like you have built a lot of projects.

Can you tell if all of them are subdivisions or you do both (single homes one on block and subdivisions)

Do you work only with investors’ money or the company has projects that are finance by the company and at the end sell them to inve…[Read more]

You scared me, we have bought a corner block with 60 years old house on it (which we are thinking to demolish, still exploring the options). The thing is that the area is very good close to shops and train station and guess what a lot of old people live around us we know for a fact that one of our neighbors will be trouble but I think…[Read more]

Can you please tell us, when you do calculations to see if a project is worth doing how much profit you are seeking to achieve per unit?

There is no doubt that if you subdivide yourself you will make much more money.
We do subdivide blocks in Melbourne.
It is very long road though it takes time could be easily a couple of years by the time you get it through the council then find a builder or if you decide to subcontract the work yourself. If you have not done this before…[Read more]

For some reason I am a bit scared to buy in Frankston although I rather do that then go in the regional area. This is just me.
We have been in the subdivision business for a while and I think would be good for us to buy something for investment but I am much more confidant in what we have been doing.

Kevman, that…[Read more]

Unfortunately I have not found positive cash flow properties in Frankston but I will be happy even if it only pays for it self after of course when I pay the 20% deposit.
I am getting close to that figure.
It is just the fact that I am hearing from a lot of places that the prices in Frankston are yet to go up but I am also aware…[Read more]

I did check it and it turn out to be more like a hotel accommodation and the corp. fees are high so it is not for me.

Regina,
In regards of subdivisions, we do the same. I just thought that would be good not to put all eggs in one bucket.
As you know it is very difficult and time consuming with council and thinks but the…[Read more]

Maggie

The property is studio apartment.
The price is $115 000/$120 000.
Rent $184 per week.

Maggie

Do you take into account the stamp duty, solicitor’s fees insurance rates and so on, when you calculate.

Maggie

Thank you for your input.
I know that return is good by looking on the price and compare it with the rent. If the rent is enough to cover the interest and all associated cost I am happy with it.
It was not clear to me if the yield % is before you pay tax or after.

Thank you anyway

In our case the broker even misled us about the ANZ package told us wrong details.
I think like in everything else they are good and bad once operating.

Good luck
Maggie

Well it is over!!! I am exhausted and I am nerve wreck but glad that it is over and the price well I think if we had passed in (the unit) we would not have gotten better price later.
Initially the agent said he will try to sell it for $370 000/380 000. No one else told us they can get such a price we ended up selling for $359 000 which…[Read more]

I will definitely explore all possible way of at list speaking out about it.
It is an unethical and unmoral the way all agencies operate. What a terrible way to make a living.
What upsets me more is his ignorance he does not care not a bit if we a happy about his service or not.
I feel he simply walked all over us without any…[Read more]

What exactly this meeting at Swinburne will be about? What topic?

Cheers

Very well done!!! (With the properties with big back yards).

Can I ask a few questions about that?
Do you always keep the existing house when subdivide the block or sometimes you knock the existing one down and built 2 or more new once?
Do you use builder or you subcontract the work?
And last do you manage to negative geared the…[Read more]

You are talking like you don’t have to use an agent to buy positive flow properties, what is other way of doing it?
I thought that’s the common way?

Maggie

Can you guys tell me how you do it? Where do you start when you look in regional areas?

I have tried using the Internet it got me nowhere!!!

Maggie

Wow, it is unbelievable how dirty and misleading tricks these advisers (salesmen) would use just to get people.

I think get a advise from your lower and if you can get this man to pay for his actions.

I can say at the moment I am frustrated with real estate agents, we have been dealing with this industry quite often and I think it…[Read more]

Can you please mention what exactly your financial adviser did? In what regard he gave you the wrong advise?
After all this was just advise it is up to you to follow it or not.

We lost money some years ago in the share market because of bad advice from financial adviser. Who was recommended by friend of ours but…..[!]

I wonder do we n…[Read more]

When you say “building up our properties” do you mean baying a land and developing or you only buy establish once?

We have that a bit subdivision but I found it very slow process and nerve breaking one as well so I am looking in other ways to invest.

Cheers

Do you have properties that give you negative gearing or all are +flow?
How many do you have and how many years since you started investing?

I am not sure if we should go for only + flow or have both?

Cheers

Would you agree that we should be looking in outer suburbs of major cities?

Can someone share suitable suburbs in Melbourne?

Cheers
Tess

Cheers[8D]