keiko wrote:
Yes Coomera is a good place to buy, I beleive you will see good capital gains in the future

Hi keiko,do you have any data to back up that assertion. Coomera……………….  Boomera has been promoted as the next big thing. I have yet to see Westfield commit to that town centre. If beach side Gold Coast is struggling, what…[Read more]

Depending upon wording of lease, strata costs should be borne by the tenant. your closing costs shouldbe as with any other resi IP. Stamp duty, legals and other sundry title fees. Stamp duty on mortgage andcommercial fees (assuming you're using the comm asset as security) for borrowing usually have higherestablishment loan fees and of course a…[Read more]

Here's a post from another thread:https://www.propertyinvesting.com/forums/property-investing/general-property/4336587May help with some considerations and direct your further research and due diligenceabout the Gladstone region.Careful with brand new in regional centres. Haven't been to Gladstone to investigate personally (YET), however myslant…[Read more]

Hi ya D,Thanks for your input. Along the lines of your Camberwell example, I am also finding the over 1 Mill price pointto be struggling to the same tune. Specifically it's Bayside (10 km to CBD). Renovated (bling, bling) properties areflying and for silly prices, and the rest are struggling to get even fair value contracts other than fire sale o…[Read more]

** Bump**Anyone with on the street views about Melbourne and some of my points raised below?Steve McKnight? Would be appreciative of some opinion and views.Thanks,M,

Michael 888 wrote:
Hi All. Looking for some opinions on the current Melbourne market.Steve, please feel free to add your take on things. I am currently residing on the Gold Coast,…[Read more]

This has been a very insightful thread.I have been researching tax liens investing and I have a few questions relating to the logistics and practicalities of doing this purely online from Australia and making it efficient and optimising returns.   What are approximate accounting fees to lodge a US return for an LLC in other p…[Read more]

Hey there Angel,happy to do that however I must clarify, this isn't an investment. It's ourformer PPOR. You could of course rent it out or consider it as your own PPOR,however as a yield play it will be woeful. It would be a land bank in the best street in the precinctwith a fair bit of house there to provide some income to assist holding.If you a…[Read more]

Jamie M wrote:

Michael 888 wrote:
You'll recognise me by my avatar    

Keanu?

LOL. Yep, Mr. Reeves does bear a striking resemblance )………..thinking wishfully at this end.Look forward to meeting you Nathan. I shall be in touch closer to the time. Perhaps we can even do one of those looooong lunches you so enjoy.

Hey there young Nath,I intend going. It would be nice to meet you. I have enjoyed readingand celebrating your accomplishments as detailed moreso on another site. If you're inclined, we should meet up for a coffee.You'll recognise me by my avatar    

Hi BJCan't help you with a dollar value to increase the rent by.Unless it is a high end property you are renovating, for an IP, a spa is a liability. If it were me, I would get rid of it as even if it is in disrepair at start of lease, in some states you are obliged (as a landlord) to fix it and keep on fixing it just becuase it exists.Edit:Oh,…[Read more]

lpalad wrote:
thanks Michael. If you don't mine asking you… you got 4 or more properties which put in 5% of savvy IP investor ?

Hahahaha………LOL. Dunno if I'm savvy. I know my way although I certainly don't profess to be The Stig of the property world.Leo,also have a look at council websites (LGA's) of the suburbs/regions you are t…[Read more]

lpalad wrote:
Thanks…I already knows those sites which give you some relevant info about the suburb. But, I looking for more stats data that I could use (e.g.,  demographic changes, what drives the population increased, etc).

Prepare to read widely. Australian Property Investor magazine; Your Investment Property mag, Fin Review (Tue and…[Read more]

WinstonWolfe wrote:
Hi Mr Michael. In 2011, I'll continue to read widely and deeply on what really drives house prices, and post about it. ……………………………………………May all your attainable New Year's resolutions be attained. 

Thx WW. The personal one's are back on track and (to date) looking the goods. Investment wi…[Read more]

units4me wrote:
Welcome Winston. You were one of the truly great contributors on SS. I look forward to your imput here.

And I also. Your economic analyses and snippets of fiscal wisdom help keep us grounded in the current landscape, Mr. Wolfe. Passive sit-back and pray strategies, are unlikely to work in the current environment. Due di…[Read more]

How do you get a discount…….simple, just ask!I see that circa 2-3 % is the going rate that most pay. I accumulate and  I have only ever sold two and I didn't pay anyhwere near that either, although the rea was also the PM firm looking after the rentals…..long history and we understand each otherand our mutual expectations.Five and six per…[Read more]

mrtender wrote:
I suppose the thing that I am not sure about is … are there buyers out there looking for commercial properties with a return of 8% or 9%?

I reckon there are, however strength of lease, nature of bond/guarantee, strength of tenant, amenity, flexibility of the box to attract a variety of future tenants upon vacating, etc, etc…[Read more]

Depends where it is and the cap rate of the precinct. Burleigh Heads versus Molendinar versus Bundall versus Stapylton versus Nerange versus Yatala ????? …………..all are different. Ask an independaent commercial rea up there what the cap rates should be for what you are entertaining. Use them as a guide.

mrtender wrote:
I suppose some kind of clarification …. I have an opportunity to buy this empty building for $1.6mil … and put in a tenant on those terms…. I want to sell the building immediately after the tenant moves in… and make profit. The tenant is secure, and established in different premises and ready to move. If I do this I want…[Read more]

crusty wrote:
  I dont see  marks name on queenslands top 100 rich list , about $ 60 m should get him on it.

I read that list from last month also Crusty. Valid point, considering he espouses nearly half a billion dollars of works under management……one would have thought that 60 mill net would have got him a ticket.You must however app…[Read more]

Hi ya Octain,

octain wrote:
Michael respect you opinion but got to say I think I take a different view. I live in a McMansion estate in the western suburbs. We had a land release last week where they had raised priced of land by 20% and still sold 50 blocks in 2 hours. There really isn't enough and if we need to build houses there isn't much we…[Read more]