Haven’t heard much about Acacia Ridge – it is industrial / residential mix. Steady supply & demand with prices pretty steady the last 12 months. Not a place I’d be investing either – but that doesn’t mean it wouldn’t suit other investors.
You would have to seriously crunch the numbers: the cost to move the house (removalist, tradies to do disconnection) plus council permits, may need building approval (at least it does in Qld). Then you need the block of land, restump (more cost), reconnect (various trades) – and may need council approval (depending where you are & what the zoning…[Read more]
Hi, I can’t help you with the figures unfortunately as I am not licensed to give any form of financial advise – but who suggested this loan structure? You can either go back to this person / organisation and ask for clearer explanation or seek professional help else where. Don’t get pressured into anything you do not understand or feel comfortable…[Read more]
KatarinaH replied to the topic Judging whether a price of builders reno quote is fair and correct… in the forum Value Adding 6 years, 2 months ago
First advice: get a second quote. If you really don’t have time for that, get references from the builder and ring his former clients. If possible, even go around to see his work.
Second advice: make sure you spell everything out you want done. Don’t assume the builder knows what you expect, that’ll cost you. If you are not sure, sit down with him…[Read more]
I think it is more the matter of what kind of investment you are after. If it is value adding it would be the old tired one; for instant return and rental income the renovated one. But if you set up the retirement portfolio, have the funds you might as well buy off plan and go for brand new. And it also depends what kind of investor personality…[Read more]
Long painful road ahead – unless they wanted to move it anyway. Check with a town planner – even try to talk to Council. They do offer onsite assessments (against a fee of course). Is there no other alternative? Like a shared driveway – easily done with easements. Might be less painful though. There are so many variables that a town planner should…[Read more]
KatarinaH replied to the topic Where to buy, Buyers Agent, Structure, Research, Accountants, Conveyancing, etc in the forum General Property 6 years, 2 months ago
RE 1. the post codes you have picked are quite different areas – price wise and demographic. From your description I’d say 4005 is your area. Stick with a 2 bedder – even professionals like having space. Especially in this day where more of them work from home. A lot of developers here have a 1:3 ration for 1 vs 2 bedders in developments.
2. If…[Read more]
KatarinaH replied to the topic Where would you find the information of a property in the forum Help Needed! 6 years, 2 months ago
I guess it also depends what kind of investment you want: keep, flip or build & flip, land / house or unit. Check out suburbs / areas you are comfortable with and you can afford. Driving around to have a look at what happens is as important as checking on the website. No point looking at the high end if it stretches you.
Subdivision for 25K – what state? I’ll move. Here in Brisbane I’d calculate about 80-100K for a 1 into 2 – that’s including DA, infrastructure and contributions and so on. Can be a lot more.
Moreton Bay different kettle of fish. Different city plan. I’d suggest to go to a town planner for advise – they shouldn’t charge for initial consultation.…[Read more]
KatarinaH replied to the topic is property inspection worth the investment for off the plan? in the forum Help Needed! 6 years, 2 months ago
Fully agree with both. Additionally – make sure you do a proper walk through yourself and lodge both the building inspection and your defects / comments with the developer. No matter how small you think it is or not worth noting – write it down. That way at least it is on record for the follow on defect inspection (which should happen within 4-6…[Read more]