magtron wrote:
I have a corner block. The front of the block faces a small residential street, while one side faces a fairly busy road. How would it be best to subdivide to get the highest value? Split the block in half with one facing the small resi street and the other facing the main road? Or do a battleaxe subdivision with entrance from…[Read more]

Geez, they are bargain priced …… lolI used the currency converter on the cheapest property I found on your site and it is $753,000 AUD for a 2 room or 2 bedroom I presume. Way over my risk factor ……. good luck

If I was in your position I would definitely  be visiting a good solicitor to see exactly what my options are in regards to the contract you signed. It will take the guess work out of your decision.  Others here may have viable options and opinions for you, but in my own opinion, spending some dollars could give you the answer with legal backing.Martin

We had 3 IP's in Perth late 1980's and sold them in 1992 as they hadn't really shown any growth in the time we had owned them and we didn't realise the full value of what we had. You have to remember back in the late 1980's you did not have any books on the subject or internet to learn from, so it was mostly fumbling in the dark in regards to…[Read more]

I have just bougt another IP and as I generally buy interstate going into the agents office is out of the question most of the time. After discussing the property over the phone and I want to put in an offer. I fax or email a signed one page document which outlines the following :- The price for the property offered- Names and contact details -…[Read more]

L.A Aussie wrote:

Mystery wrote:

Hey Martin;where is the photo taken on your picture?sorry to hijack the thread people but, hey; that's impressive!I'll tell you about mine if you tell me about yours!!

Thanks MarcThat's where we live. A place called Mystery Bay, … 12km south of Narooma on the far south coast of NSW. The picture is of the…[Read more]

amaljayaWe have an IP in Redbank Plains. After recently having a 5 minute chat to town planner at Ipswich Council with the intension of handling the application process myself, I decided to employ a town planning consultant. We can't do sub-division on our block, but we can have dual occupancy approval on our 800m2 corner block apparently. It…[Read more]

Well done newbie, .. sounds like a great opportunity. Good luck MartinPS … Nothing comes to mind re: solving the wetting the pants problem ….

Question: ….. Could the "sunset clause" option get around this problem, whereby an expiry date included in the contract signed by the prospective purchaser/s makes the contract null and void unless the contract is signed by the vendor before this date/time?I have put an expiry date/time on written offers, but not on a contract. Martin

GeoffBeck wrote:
Hi Martin,Totally agree/repect your comments. My decission was based on risk assessment whether it was right or wrong.I don't want to discussion the issue regarding the Mitsubishi plant issue in this post as it would be hijacking the initial post.GeoffB

Yep, … point taken.Martin

GeoffBeck wrote:
This is not answering your question, but when you mentioned Adelaide I recalled reading a news article today about the Mitibushi plant and the its future. 18 months ago I was looking a IP's around the Marion area but stayed away due to the rumours of the plant closing. Every 12 months there seems to be a news report about the…[Read more]

In the book section in the back few pages of API magazine is a selection of books for property developing. I am in the process of researching for one myself so I can't  recommend a title to you as yet.Martin

hgwells wrote:
errr…Its Ms thanks, and yes i'm a nice person how kind of you to point that out. I took the advice of researching, reading, attending seminars and doing my homework, NOT asking where are the +CF deals and waiting for them to drop in my lap thanks. No one on here told me where to find the deals, and nothing here says I have to…[Read more]

To anyone interested in Brisbane price movement ….. Bought 2 x IP's in April 07 ……. and had them re-valued this week as part of a refinancing/portfolio restructure exercise ……..________________________________________________________________________________________________ Goodna – Paid $235,000 / April 07 ……………. new…[Read more]

I did a google search and nothing came up under that name, …. they must be very new  …… Martin

Marc (L.A. Aussie),Negative at this stage ….. bought 2 x SE Qld, 1x Adelaide and 1 x NSW (settlement Nov 07). The other IP's in our portfolio are neutral to slightly positive and we own our PPOR outright, so the shortfall for the latest 4 IP's is quite acceptable at this stage. We are counting on some good gains in the next few years with…[Read more]

Hmmmm … scored 734, this would give us enough income to survive on current combined income for 2 years. I imagine the score will improve greatly over the next couple of years as we have added another 4 IP's to our portfolio since April this year and in 2-3 years we should see some good capital growth in the areas invested in ……. Well,…[Read more]

Just put my Goodna IP rent up $20 per week to $240. which is a 5.3% return. My Redbank Plains IP is returning 5.2%. Both properties were purchased in April this year.Martin

Crashy,Doesn't sound like agent of the year material. What a nightmare.      Martin

AmandaBS & Jon,I totally agree with Jon …. had some horror dealings with local town planners when I was building PPOR. AmandaBS … What a nightmare for you …. I recently bought a property in Redbank Plains on 800m2 corner block …. council gave verbal approval for sub-dividing 400m2 (spoke to town planner), but I'm not looking forward to…[Read more]