now to actually answer the question at hand:

WHAT LUXURY DO YOU BY YOURSELF. &

HOW DO YOU SPLASH OUT ON YOURSELF ?

I buy myself a coffee every morning. It’s $4 a pop and it’s one of the best luxuries. no matter where I am in the world a coffee prepared by somebody else is a luxury to enjoy each…[Read more]

we don’t know if due to human activity that the heating we are currently experience will ever change, however the likelihood is that the earth will go into a cooling stage. if it is soon enough is the question that needs to be answered.

agree that more needs…[Read more]

if you’re buying a new car the contract has the colour. in 90 days they can make you one in japan and put it on a boat in the colour you like.

that sounds crazy. you shouldn’t have taken the car.

the bigger overall picture and cost will be in getting a subdivision through to sell one off.

this is likely to include site survey,…[Read more]

It’s not hard to sell. Getting to the point of been available to sell is the hard part – ie. actually completing the subdivision and all the requirements.

If this is on a block that you live on and are cutting the back off be careful because there will be a CGT component for the block of land.

Go and tell that agent that land is only worth what somebody is willing to pay for it and this relates to the simple laws of supply and demand.

And yes, he does have to submit your offer. It is illegal for him not to present it.

Also, submit your offers subject to finance, and the bank will soon value the land and give you an idea…[Read more]

You have to remember when doing units the cost per square is higher than a normal put it on a block in craigeburn type scenario.

Something that may be impacting your price, but it is not clear from your post is if there are connections down a driveway to the back of a block. (because you mentioned a…[Read more]

i’ve recently had some problems with their lenders in regards to construction and two brokers have now advised me of changes in some policies there in relation to certain things. Have moved to westpac for this work becuase st george was like beating your head against a door.

you also need to consider if you can get a block that will fit 3 units in clayton at that price. I think maybe mulgrave, unlikely clayton.

do some very extensive…[Read more]

I feel for you. I know exactly how you feel. your question on the property prices crashing, my view is unlikely. And if there was a crash, you are unlikely to want to enter at that point either. If a downward spiral does occur most buyers hold off until the boom starts again and it’s only the very smart money that can pick the bottom of…[Read more]

Firstly, what does it cost you every week to live? do you have a budget? i know you have returned to work but even so, you have an existing mortgage payment to make, you must be running 1 or 2 cars, plus…[Read more]

Will the land already have permits to complete the dwellings or will you be having to do that yourself. If so, that will take some time and you’ll be paying interest on the $380k of land for a period.

if you haven’t included the buying costs, subdivision costs and interest costs then…[Read more]

Some numbers:

Land value: $130k
Mortgage on land: $58k
House contract w/builder: $160k
Other costs: $40k

now…[Read more]

But you have to be committed to what you are doing. The fact you stopped at chapter 15 and didn’t finish the book makes me wonder how interested you are in the process though. I haven’t got the book handy, but you couldn’t have had long to go.

Remember that book is only one book talking about one path to an…[Read more]

If they don’t show then there is a big chance of the tribunal ruling against them and issuing a warrant for the police to remove them if they’re still there in two week.

If you’ve given them their chances take proper steps to remove them.…[Read more]

At $50 and hour, that is eqivalent to an income of $100k a year. Should a tiler be earning $100k a year when you can go and do a weekend course and have a bit of home training (walls first so nobody notices they’re not flat). That shouldn’t get you $50 an hour.

I…[Read more]

Why did she sign a 12 month lease when she didn’t need 12 months?…[Read more]

good area. First thing to do is get yourself a town planner and sit down for a chat. They’ll have a list of what needs to be done to complete a subdivision and it will be pretty clear to you then.

You will need to obviously do an application for subdivision. Some of the fees include:

arborist report (trees)
survey
engineering…[Read more]

From there we will use the equity of IP’s only to buy another development site.

You don’t have to put your PPOR as security against the…[Read more]

please note that this is only my thoughts and you should seek professional advice

what about pits and so on? on a 4 unit development the site coverage in any council would require pits to be installed etc.

i think painting the whole house brightens it up and demands a better rental return.

The ‘from’ price doesn’t include a lot of things. They are offering that price on the basis of building you a house that doesn’t have floor finishes other than the wet areas, is on a perfectly flat block with no issues in the soil, has connections that…[Read more]

Instead of buying the house off her couldn’t the following work:

– you start paying a nominal rent to her weekly of say…[Read more]

I bought my first property at 21 and had a tenant for under a year and then did full internal renovation and moved in – my current PPOR. Made over $100k in equity via the reno and natural growth in property at the time.

Bought my second property at 24 – currently rented and undergoing subdivision.

Plan to kick the…[Read more]

The interpretation of doing it tough these days has changed.

There are a lot of people living by the pay cheque but…[Read more]

Roxby an Olympic task
From: By Andrew Trounson
April 06, 2006

Mini-city … BHP hopes to attract thousands of new workers to Roxby Downs, which lies in the middle of a vast ochre plain. Graphic: Eirik Wallem Fossan BHP Billiton’s proposed $US5 billion ($7…[Read more]

If only I purchased there when I first started watching. Lately has been more out of interest than anything.

BHP Billiton is about to construct a large amount of houses there to sell to staff at cost as the expansion will more than double the town.

I think it’s…[Read more]

Why don’t you start your investing career small with some of your own funds to demonstrate to your dad what is possible in the world of property investment.

Your dad I am guessing would be close to retirement age so he has to think about what risk category he is in in terms of investment. If you lose everythingtomorrow you still have a…[Read more]

We are planning on my husband leaving the workforce to invest and renovate and over a number of years build that up until…[Read more]

I have put an offer in and removed any finance caluse knowing because i know the fiannce will be available to me. This is as good as a cash offer.

I can’t see why a cash offer would win a vendor over if there was a bidder offering substantially more. I know as a vendor I don’t care if the offer…[Read more]

at present we’re doing a subdivision and building and will then follow that with a renovation on a currently tenanted property while we are in the process of another subdivision.

because we don’t have the equity position yet (ages 24 and 25 with mortgage still to pay on PPOR) we want…[Read more]

I must admit that this is definitely a strategy that I have thought about though not what I ended up doing. We bought about 10km fruther from the city than we would have liked to have lived because it was $100k cheaper.

Negatives – more travel to the city, further to go out and visit friends and family

Positives – you can…[Read more]

If you cant’ get the certification insurance won’t cover you in the event of a fault occuring.