PropertyInvesting.com | New Age Property | Activity https://www.propertyinvesting.com/members/new-age-property/activity/ Activity feed for New Age Property. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 464df1f82daf210c4e5b821f72927c8d New Age Property replied to the topic Figures Don't Add up in the forum Creative Investing https://www.propertyinvesting.com/topic/4410837-figures-dont-add-up/#post-4700059 Fri, 21 Mar 2014 06:10:38 +0000 After further thoughr Xdrew, I am wondering how to achieve the $1M value for this land that you mentioned.
I've since discovered this comparable property:
http://www.realestate.com.au/property-residential+land-sa-willaston-200671327
6000sq m that brought $320K – around $50 / sq m.
I just emailed the owners  that a more realistic price for the…[Read more]

]]> e6bd90acfaa7c85d39f551ca36ce2a38 New Age Property replied to the topic Figures Don't Add up in the forum Creative Investing https://www.propertyinvesting.com/topic/4410837-figures-dont-add-up/#post-4700058 Wed, 19 Mar 2014 03:17:07 +0000 Thanks for your thoughts xdrew.
I'm giving up on the retirement village idea and going back to the drawing board and spreadsheet.
As a result of your feedback I can see that my romantic intention to help prevent the elderly from being exploited by ruthless profiteers will not be applicable to this site at the sellers' asking price.
So now I'm…[Read more]

]]> a702eaf07a36545d6d3e13a99e0b1204 New Age Property started the topic Figures Don't Add up in the forum Creative Investing https://www.propertyinvesting.com/topic/4410837-figures-dont-add-up/ Tue, 18 Mar 2014 10:06:00 +0000 [image no longer available]
I'm racking my brain, trying to come up with an attractive price to offer a couple who own 4000 sq m of land on a main road in a fast-growing outer northern suburb of Adelaide.
[image no longer available]
An existing house on the land is worth around $275K.
The average price of vacant land in the area is $275 per sq m,…[Read more]

]]> 92a038d5839c00787538990c8ad1a0e0 New Age Property started the topic Figures Don't Add up in the forum Creative Investing https://www.propertyinvesting.com/topic/4410837-figures-dont-add-up/ Tue, 18 Mar 2014 10:06:00 +0000 [image no longer available]
I'm racking my brain, trying to come up with an attractive price to offer a couple who own 4000 sq m of land on a main road in a fast-growing outer northern suburb of Adelaide.

An existing house on the land is worth around $275K.
The average price of vacant land in the area is $275 per sq m, for lots of around 500 sq…[Read more]

]]> e65d01942c11be23971ea5fb6c555d8d New Age Property replied to the topic Building on Land that is under Option in the forum Creative Investing https://www.propertyinvesting.com/topic/4410772-building-on-land-that-is-under-option/#post-4699674 Sun, 02 Mar 2014 20:18:04 +0000 Great.
Thanks guys.

]]> 667130a91061d7b4af321329c1f9cd6b New Age Property replied to the topic Avoiding Obnoxious Stamp Duty - But at What Cost? in the forum Creative Investing https://www.propertyinvesting.com/topic/avoiding-obnoxious-stamp-duty-but-at-what-cost/#post-4699513 Mon, 24 Feb 2014 06:24:12 +0000 Terryw wrote:
There certainly is a risk.

Speak to a lawyer about priority of interests in land. .

Terry, you've put me straight.
I'll forget about my devious plan and just plan on paying the obnoxious stamp duty.  I think in the long run it will be less stressful than trying to scheme around it.
Thanks for your sound advice.

]]> f658177d3bc94117395b9b6fc7d3e25c New Age Property replied to the topic Avoiding Obnoxious Stamp Duty - But at What Cost? in the forum Creative Investing https://www.propertyinvesting.com/topic/4410743-avoiding-obnoxious-stamp-duty-but-at-what-cost/#post-4699512 Sat, 22 Feb 2014 10:27:55 +0000 Catalyst:
Actually I misled you about the size of the land.  It's 7000 sq m, not 2000. Sorry. 
And it's vacant, so there's no issue with the owner renting somewhere else.
The value of the land is difficult to gauge.  I first thought it was a good deal, but  recently I discovered that Hickinbotham is offering a house and land package on 500 sq m…[Read more]

]]> e9c3eaadc9d131a37e912380fe4a7a9e New Age Property replied to the topic Outrageous Clause in Option Contract? in the forum Creative Investing https://www.propertyinvesting.com/topic/4410710-outrageous-clause-in-option-contract/#post-4699384 Tue, 18 Feb 2014 20:39:11 +0000 I subsequently heard Rolton  in an interview, justify the refund ability clause by saying (words  to this effect) why should I be penalised for trying to add value [through gaining a development approval]  to the seller's property?  He also claimed to have never had a a development application refused in his 11 or 12 years of operating in this…

]]> 9d6c9d7d6f7dbe802d8e8e0d5836f79b New Age Property replied to the topic Outrageous Clause in Option Contract? in the forum Creative Investing https://www.propertyinvesting.com/topic/4410710-outrageous-clause-in-option-contract/#post-4699380 Mon, 17 Feb 2014 05:21:56 +0000 Hmm, can't imagine Rolton sending his boys round to wield disproportionate influence.
The clause completely removes any risk from the option taker.
What I meant to ask was how common it is for this clause to be included in option contracts?

]]> 4de7147af40fea074805437cb610a3d4 New Age Property replied to the topic Property Options in the forum Creative Investing https://www.propertyinvesting.com/topic/4410349-property-options-8/#post-4696828 Sun, 16 Feb 2014 20:09:56 +0000 Thanks Richard, I'll up on that idea.

]]> 360d1b8d0b84eb2eba3ca1a21956a533 New Age Property replied to the topic massland in the forum Help Needed! https://www.propertyinvesting.com/topic/4409704-massland/#post-4693258 Sun, 16 Feb 2014 06:25:01 +0000 New Age Property
Online
(Posts: 2)

I'm not a Massland graduate, but I do have a JV contract that I could let you have for $27.
It's quite comprehensive and runs to 26 pages.
I can send you a table of contents if you like.

]]> 29ef240f8f95180ec671c156571ed949 New Age Property replied to the topic Property Options in the forum Creative Investing https://www.propertyinvesting.com/topic/4410349-property-options-8/#post-4696826 Sun, 16 Feb 2014 03:27:32 +0000 On a side note to this thread, Richard, how do you find people who are willing to enter option deals with you?

]]> 2623f770177544e993bae9d6558974dd New Age Property replied to the topic Retiring strategy in the forum General Property https://www.propertyinvesting.com/topic/4410659-retiring-strategy/#post-4699154 Wed, 05 Feb 2014 09:53:15 +0000 Sell a few so that you can pay off any outstanding debt and live off the rents.

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