https://www.propertyinvesting.com/members/simky/activity/ Activity feed for Simky. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5705a53dfeff7ff5d15991e9b3553e15 https://www.propertyinvesting.com/topic/4405793-sub-division-calculations/#post-4663191 Tue, 07 Feb 2012 05:27:54 +0000 Thanks Breece and Christian , As far as I can see there is no heritage overlay and it is a Z3 according to the town planning website. There are amazingly no trees either , there is an easement that runs at the very back at the property but this could be worked around. The front property is in very good condition and would just need a new k…[Read more]

]]> ecc89b2a6705bc87b675e86d31389c51 https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662113 Tue, 17 Jan 2012 08:26:47 +0000 Hi Matt, I have checked my settings and they allow PMs , not that I have any clue how to send one Yikes !

]]> 1d48aa35b4dd5f844c8a06e8e5431676 https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662110 Tue, 17 Jan 2012 03:57:51 +0000 You are wonderful Tracey, thank you. I will have a read

]]> 4ef1ae016520a0f3e27a00d3ffa2e02a https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662108 Tue, 17 Jan 2012 03:15:07 +0000 Thanks Tracey , Again that I am not sure of , this is all a major leraning curve for me and yep baptisim by fire LOL !!What do you factor the GST on for interest sake ? In the event of sounding completley stupid Margin Scheme ?? I am sure I will cover all of this in the course but as I said I have only just started it and was not prepared for this…[Read more]

]]> 83b42c22c3860d37f5d95c3ccb172127 https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662106 Tue, 17 Jan 2012 03:03:45 +0000 mmmm, Yes It does add alot of risk doesn't it. I can not thank you enough for your help, this alone has tought me what to look for. I think Hubby is being very conservative as he says as I can not see it taking 2 years but you never know do you. Our plan was to sell off the plan but again you are not going to cash up until it built in the end are…[Read more]

]]> b18ab795b265825c19de51255960e067 https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662104 Tue, 17 Jan 2012 02:47:52 +0000 Hubby is the figures man and he cam up with the following, what are we missing if anything? Are there other amounts to be taken into consideration ?  Matt you seem very right , really does not seem worth it and if the agent is overestimating the sale value it will be even lower. House and Land                $  530,000 Stamp Duty     …[Read more]

]]> a7e8f02fceeedd5bfacb60c1b1ec432c https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662103 Tue, 17 Jan 2012 02:13:47 +0000 I have been asked to keep the location on the downlow for my friend who is the agent. He only has a 2 day option to sell it as the Vendor has an arrangement with another agent and he is afraid of getting issue with them, all a bit messy.Its in the outer east of Victoria, a well located suburb with growth potental and near train stations and…[Read more]

]]> 9e15bf6b06e681a3f4a36512e1a1ac98 https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662101 Tue, 17 Jan 2012 01:55:40 +0000 Thanks Heaps Matt, Well turns out we have more cash than I thought ,m hubby controls the finances . and we have Equity in our home also. If we are going to use this as a learner , would it still be viable considering the plans and permits are all done, the house is currently tennanted also.Sorry for all the questions. Sim

]]> 15c4c2854220d04b29c2dd0a495f6de2 https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662099 Tue, 17 Jan 2012 00:48:56 +0000 Thanks Heaps Matt and Richard, Do you think you could explain how you come to the figures you need ?? Just so I can get me head round it all, I had a gut feel this was too big for our first go at it to begin with without having more cash behind us. I was also thinking about the demo costs involved.. I think we are better to start from scratch,…[Read more]

]]> 239e0e180525f36f87abea5f790927ae https://www.propertyinvesting.com/topic/4405630-development-site/#post-4662096 Tue, 17 Jan 2012 00:21:11 +0000 Thanks  MattnzLand size is 960sqm2 stories total 422sqmEach unit cost will be Build Just some details plans, permits. Total build cost per unit should be between 180k and 185k. Total cost per site inc stamps is around 140k. Plus 35k in working plans and open space charge. Resales for the 2 bedders is around 380 – 390k and the 3 bedder  420 – 4…[Read more]

]]> 177ea993147acf26bf5525f6cde27f63 https://www.propertyinvesting.com/topic/4404935-making-an-offer-7/#post-4657198 Thu, 13 Oct 2011 11:42:22 +0000 LOL, Its too late at night for me to fully understand what you just said.Although I would not like to admit it I think I was emotionally involved on the idea of the development not so much the actual financial situation "right now".I have not read Steves Book yet although I have had it for quite some time, I am planning on making it a priority .I…[Read more]

]]> 25c345024913bed5073ebdb0271f0f05 https://www.propertyinvesting.com/topic/4404935-making-an-offer-7/#post-4657196 Thu, 13 Oct 2011 11:09:38 +0000 Thanks Matthew, I think at this stage hubby has gone cold on this property, it was mainly due to the fact it was next door to my mothers property and that we would hope to develop in the future (long term). I think we may be better finding cheaper options at this stage and give it a miss for some more short term gains ?? We are such newbies at…[Read more]

]]> 03f3cb3cdcc096d4c42625f18a95e8d6 https://www.propertyinvesting.com/topic/4404935-making-an-offer-7/#post-4657192 Thu, 13 Oct 2011 05:50:47 +0000 Just got a call from the agent and they have dropped the price again down from $390.000 to $367,000 now $359,500. The Vendor has not purchased yet and it seems like he wants to sell. We would need to renovate the property as mentioned in my previous post, would you get an inspection done ? The gutters would need replacing and the roof resto…[Read more]

]]> c479f2e3e0aed7d6696b412b0cbb157b https://www.propertyinvesting.com/topic/4404935-making-an-offer-7/#post-4657191 Tue, 11 Oct 2011 21:42:51 +0000 great advice Jamie thank you

]]> fe1f86b712955b43ffe8f64a9f0b5919 https://www.propertyinvesting.com/topic/4404932-sacking-a-property-manager/#post-4657174 Tue, 11 Oct 2011 10:36:10 +0000 I sacked mine recently and it was as simple as telling my new Agent to arrange it , and she did

]]> c995c85a2fb1b22b7043aa8055d21ee3 https://www.propertyinvesting.com/topic/4404611-no-idea-where-to-start-but-may-have-found-a-good-opportunity/#post-4655116 Fri, 30 Sep 2011 02:31:57 +0000 Hi Everyone, I have made some enquires with the local town planner and they see no reason we could not build 4 townhouses on the block, just having a look at Steves suggestions of buying ugly this gives me a little hope even if we decide not to subdivide we could renovate and still hopefully make some money back, the house has been on the market…[Read more]

]]> e24de41cfb750188321f2e36c0c8ba70 https://www.propertyinvesting.com/topic/4404611-no-idea-where-to-start-but-may-have-found-a-good-opportunity/#post-4655114 Sat, 03 Sep 2011 10:37:39 +0000 Thanks Derek, Yes I have considered that mum may not move on until she is either in a nursing home or falls off her perch( God forbid ) so I know this will be a very long term investment, I suppose I like the value of being able to have eyes and ears about the place so to speak and that the propety itself is a low price for the area. I dont think…[Read more]

]]> 12041b1f4c917e2550f3c0b785ddf440 https://www.propertyinvesting.com/topic/4404611-no-idea-where-to-start-but-may-have-found-a-good-opportunity/#post-4655112 Sat, 03 Sep 2011 05:41:33 +0000 Thanks,  I will speak to the town planner and see what info I get, I know the property is valued low due to the market atm and that it needs work, its a 4 bedroom and it would be a long term thing as I am not planning on mum moving or anything for a long time, if the development aspect works out better then that could change things. Should the s…[Read more]

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