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  • Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    thegcamp wrote:
    We are being encouraged to buy off the plan in brisbane, what are your thoughts please

    If you were selling property to me wouldn't you be encouraging as well? :)

    Property developer pays hefty commission to people who can move their property >> Marketer or promoter does everything possible to disguise that they are actually selling property >> Poor retail investor pays over the mark for property in whatever location the developer built the property.

    Now your example might be different… Sad reality is that a lot of property is sold this way however.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Yes excellent point Johann. Especially for a young person.

    No matter how you slice it and in all market conditions property is an excellent vehicle to make money, one way or another. So if you can keep an open mind and learn while you earn that's probably the top reason you would consider sales when you are young.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    2 bedroom, 1 bath, 1 garage.

    No easy answer to what people prefer, would need to narrow that question down a little. 'Depends' would be a good answer I think. If you are thinking of renovating then it would be a good idea to connect with people who do that, the Brisbane property networking group might be a good place to start.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Intrigue,

    It does seem strange, however it is true. Once you work with a situation long enough you begin to view it as normal and are not surprised any more. Generally the industry is heavily geared towards the new hunt new kill mindset and there are very few farmers out there nurturing longer term relationships where long term is more than a few days or weeks :)

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    For early 300's then I think entry level 2+1(or 2)+1 older units in good blocks and locations in this 5-6k from the CBD range and very run down condition would be good targets. Idea being you cosmetically renovate to add value and yield, perhaps look for a twist such as fully furnished if you need higher rents.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    So you were relying on the selling agent to alert you when your criteria could be met? (I think I have identified the problem)

    > Agent's often don't know the vendors motivations themselves, if you want to buy a property at a price and it's not likely, submit a written offer and get it out in the open.. negotiations don't work.. wait.. move on.. look for more deals..try again later
    > I'm a full time buyer and only a small % of the industry bother to chase me up, and very few do it more than a few times.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    I'm interested in data.

    For Brisbane there isn't much around from the early 1800's :) Areas I have researched have information about the original subdivisions of larger blocks, going rate was around 1 pound per acre in the 1850's, 1860's, can track these values through to modern day land sales and look at the compound growth.

    Interesting exercise, not sure how practical it is for making money but it's fun to do.

    Probably a good a place as any for doing your own independent research would be: http://trove.nla.gov.au/ where you can browse the Sydney Gazette from 1803 and have a lot of fun!

    Multi century studies are around the net from other countries such as Holland and Norway.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    To be pedantic the average income would be very low as the qualifications are very easy to get and a lot aren't active for the time they are registered.

    More precise info here: http://www.abs.gov.au/ausstats/[email protected]/mf/8663.0/

    The top few percent do take a lot of the spoils, regularly see 90/10, 95/5 or similar figures quoted in the training literature, yet to see that verified but it does make sense.

    I believe the ballpark figures for numbers of agents are around 50k nationwide at the moment, down some 10k from a year ago! Was a headline about this recently. Turnover is always high, more so now.

    If you have any sort of talent for networking, marketing, consistent effort then you should do ok or much better as the standards aren't that high generally.

    The reputation of the industry is so low in the public's eyes that the really smart operators position themselves as far away as possible from the 'agent' title, think write a book, seminar presenter, columnist in magazines etc, smart idea.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    There's quite a bit of choice under 400k in the Gold Coast – Brisbane corridor, healthy yields as well.

    Profile might be newer 3-4 bedroom brick house on a decent sized block of land, can get plenty brand new for 400k and well under if that's a consideration, all comes back to your criteria and goals.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    I like the following similar saying :)

    'When the time comes to  buy… you won't want to'

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Don't start cold. Go knock on a few doors and have a chat with the principal, offer to buy them a coffee if they are busy and demonstrate your product/service, offer to supply for free for a trial period.

    No definitive answer but if you are a small business and trying to bootstrap your way up with a small marketing budget then the value of a personal connection is many multiples of paid advertising.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    If I had to survive with just one website it would be http://www.realestate.com.au  Would end up saving thousands every month in data subscriptions as well :)

    Don't need that many hours, just set up an area or suburb of focus, get the email alerts and just observe what happens for a few months, hard not to build up knowledge about a small target area when you do this.

    There are good deals in all areas, and they come up all the time as well.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Last month was busy for me, reports around that it's been the best month of the last 7 for various parts of the industry, hard to spot trends till they are well established and likely it's just catch up from a slow period. Interesting none the less.

    Profile photo of Andrew_AAndrew_A
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    beedie wrote:
    Mattnz,

    I presently have 5 boutique apartments and a fully renovated house under construction with a completion date and on the market mid-August. 3 out of the 6 will qualify for the grant as they are a tad under the $600000 limit but can’t say that I think all my xmass have come at once.

    Thinking the new home market operates in isolation of the established housing market is fundamentally flawed. Slapping home buyers with an additional $6000 or $7000 of tax in today’s climate will further slow the whole real estate market – established and new. So in my opinion they won’t be handing out too many of those $10,000 cheques…… we may get a ripple but not a tsunami.

    The truth is our state government seems to be besieged with balancing the books and had to fund some “headline good news stories” after all we have an election coming up.

    Our state treasurer is just cloaked it with smokes and mirrors.

    This seems like a reasonable explanation to me, apart from the smoke and mirrors ploy I can make no sense of these policy changes.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Hi Saqib,

    Best advice I can think for you at the moment is to go seeking knowledge rather than asking for specific directions, you have many choices.

    Beware of marketing companies that take money from developers for selling their property whilst dressed up as buyer helpers.

    Also you are talking a mix of lifestyle (you will live there) and investing decisions here, so nobody but yourself will be able to answer the really important questions about what might be good to buy, where and when.

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Carolyn, this is a structuring question but also perhaps a family question as the answer will depend on personality and motivations of yourself and your son. I was fortunate enough to get a similar helping hand when younger so am now just reminding myself to pass it on to the next generation. I'm also fortunate that I wasn't able to sell and use the proceeds to fund other ventures at that age, the money came before the knowledge to hold and grow it in my case.

    Excellent idea about the units Richard, nice to control the body corporate as well.

    Profile photo of Andrew_AAndrew_A
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    Lora4486 wrote:
    Thanks Richard! How would it compare to North Lakes? I'm looking at a 4 bedder on a 450sqm block, asking price is 535k built in 2010, in Warner really close to Eatons Close though. VS the same in North Lakes… Any thoughts?? Thanks

    I don't want to be too specific and cross over into the area of advice but I would raise two points.

    1) Small block
    2) Lots of money

    Do plenty of homework into the property and who is marketing it:)

    Start by plugging different price ranges into realestate.com and seeing what pops up, nothing wrong with the two areas you mention, just beware of who is selling the property and where the money trail leads.

    For North Lakes I look at suburbs surrounding here, just look on google maps and plug ideas into realestate.com.au and see what's available.

    350k can get you a large well designed 4+2+2 brick house under 10yrs old in good condition on land 600m+ renting 360-370 in areas not too far from NL and Mango Hill, also there are oceans of cheaper established houses and plenty of cow paddocks still to be developed, the really broad acre stuff (think Stockland) might be land banked already but there's still plenty of land around.

    Everything makes sense at the right price, your property might be great and selling at a bargain price, just some general thoughts to add to the mix.

    Profile photo of Andrew_AAndrew_A
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    Lora4486 wrote:
    Hi There, Any feedback on Eatons Hill in Brisbane? Whats it like, what kind of people live there, is it a good place for investment property? Any potential? How easy is it to get to Brisbane from there etc… Thanks, Lora

    Hi Lora,

    Will approach this question from a different angle as I've answered the same question with slight variations many times before.

    Why are you asking this question? Perhaps you are being sold a new house and land package by a marketing company? This is mostly the case.

    Other than that, what Richard said!

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Charles 1 wrote:
    As has already been said – you are going to pay for the perceived security of a rent guarantee. They are project marketers – in general these people take between 8 and 15% commission on their sales – again something you pay for. And it looks like they're into new house and land packages – you can do much better

    That's an amazing figure 8-15%!

    Profile photo of Andrew_AAndrew_A
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    @andrew_a
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    Chappy,

    I agree with your comments, don't see how my comments would change? So I think we are disagreeing to agree! Anyway what you said is spot on.

    Cheers,
    Andrew

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