Scott No Mates replied to the topic Development/Hammerhead proposal in the forum Value Adding 16 years, 3 months ago
Add to that, architectural fees if you go that way.If the properties are to be IPs, then go with gut feel as to a medium density builder who can provide a turnkey package ie design & construct. You won't necessarily get a better return on a more expensive building just because it cost you more to build, the tenant doesn't care how much it…
Scott No Mates replied to the topic sourcing information in the forum Growth projections and 16 years, 3 months ago
Growth projections and accurate data are only found a year or two out after a national census. Companies like BIS Shrapnel analyse this information and produce projections based on the data extracted from the published information. Raw data can be found on the http://www.abs.gov.au website.Many larger (real estate) companies do their own research and…[Read more]
Scott No Mates replied to the topic Corporate rentals in the forum At present very few OS 16 years, 3 months ago
At present very few OS companies are seeking accomodation for their expat executives due to the GFC which has affected Europe/US more severely than Oz.Exec rentals are usually done on an exclusive basis with (agency) management as part of the package. See your PMs for details.
Scott No Mates replied to the topic Need a loan, got the equity but not the permanent job. Please help! in the forum Finance 16 years, 3 months ago
Visit a mortgage broker – there are even some who post on this forum. They will be able to advise if you would qualify for a loan either based on income, ability to save (track record) or by using equity/rent returns.
Scott No Mates replied to the topic Unethical, deceitful, dodgy real estate agent in the forum Help Needed! 16 years, 3 months ago
In NSW you have a 5 day cooling off period post signing the agency agreement. The Dept of Fair trading regulates the conduct of the agent and complaints can be lodged with them. The property is not sold until you sign a 'contract for sale', if it is jointly owned, then both you and your husband will need to sign this.
Scott No Mates replied to the topic ARCHITECTS FEES in the forum Do you want someone to 16 years, 3 months ago
Do you want someone to design with consideration to the environment, use, aesthetics, liveability, workability, constructibility etc or do you just want someone to put something on paper for you? An architect is trained to listen and understand your requirements as well as to interpret the council requirements in order to achieve the best…[Read more]
Scott No Mates replied to the topic Real estate agent rules in the forum From the vendor’s point of 16 years, 3 months ago
From the vendor's point of view (under advice of the agent), they are in the middle of an expensive marketing campaign. Any offer which will take the steam out of that campain should be unconditional if you want to secure the property. If the campaign is stopped midway based on a 'maybe' which then becomes a 'no' the vendor is stuck having paid…[Read more]
Scott No Mates replied to the topic “close to transport” in the forum General Property 16 years, 3 months ago
Bus 200 m, train 800 m
Scott No Mates replied to the topic Australian demographics in the forum Get yourself to the 16 years, 3 months ago
Get yourself to the university library and put your hands on one of BIS Shrapnel's reports, they are not cheap if you were to subscribe. Like all forecasts, they become dramatically inaccurate after a few years.If all else fails, the ABS website is useful.
Scott No Mates replied to the topic Does anyone know Ozinvest? in the forum General Property 16 years, 3 months ago
Marky, my feelers tell me that one of the directors at Metropole has moved on to Ironfish so you may look at them too. Can't give a wrap for either but this bod was on the level (had a good chat without putting in the spiel & may continue to cross paths).
Scott No Mates replied to the topic Changing Property Managers in the forum Help Needed! 16 years, 3 months ago
If you are unsatisfied with the service of the PM, speak to the licensee of the agency – they control the agency and if they don't know that the staff are not following what you have agreed (usually with the licensee), then they can't take corrective action.Remember, it takes one month's notice to get rid of a bad PM but two to get rid of a…
Scott No Mates replied to the topic Changing Property Managers in the forum Help Needed! 16 years, 3 months ago
Property managers do just that. They don't waste the the time of their contractors so they don't expect you to waste their time either. If you are so concerned about spending $200 odd on a minor repair without being advised of the final costs before the work was done, manage the property yourself so you will not be relying on your manager to do…[Read more]
Scott No Mates replied to the topic short hand glossary in the forum Help Needed! 16 years, 3 months ago
Penguin has a small book – can't remember what it was called, otherwise try the local TAFE library
Scott No Mates replied to the topic Property Development and capital gains in the forum Help Needed! 16 years, 3 months ago
You probably don't have much choice other than deducting purchase costs + development costs + sales costs + claimed depreciation from the gross realisation.
Scott No Mates replied to the topic How to get overseas / UK bank mortgage on Australian property in the forum Even if you find a bank to 16 years, 3 months ago
Even if you find a bank to fund your investments, you will need to consider the currency risk of UK Pound vs AUD esp if you will be earning AUD and the dollar weakens once the effects of all the govt debt is realised.
Scott No Mates replied to the topic Hotel apartment in the forum Creative Investing 16 years, 4 months ago
jenny111 wrote:
Hello.I would very much like to know more about investing in hotel apartments. I'd like to know:- The pros and cons of investing in hotel apartments. – I am GST registered, do I have to pay GST when purchasing a hotel apartment? – Is it easy to resell? – Why are they tend to be cheaper than the nearby apartment of equiv…[Read more]Scott No Mates replied to the topic Investing in NZ as either a local or Australian in the forum Usman Hassan Linky’nother 16 years, 4 months ago
Scott No Mates replied to the topic usman hassan in the forum Help Needed! 16 years, 4 months ago
Not only that it is a scam
Scott No Mates replied to the topic In the News – Property Boom in the forum Heads Up! 16 years, 4 months ago
Yes, no and of course maybe. Bottom end of the market ie FHBG is coming to an end and may cause demand, which has been artificially brought forward thorugh countless govt incentives, will drop. 2nd/later homebuyers (upgrading) will bubble along. Top end properties, although there is a current lack of OS companies sending execs, credit crunch etc…[Read more]
Scott No Mates replied to the topic QUESTION FOR A TILER in the forum Value Adding 16 years, 4 months ago
Tile laying rate depends largely upon the size of the tile and the way that they are to be laid. You'd be hard pushed to lay more than a couple of metres of tessellated tiles in a day as they are all very small individual pieces with added complexity of laying to a specific pattern, likewise laying tiles in a pool with curves takes a lot more care…[Read more]
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