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Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
April 1, 2005 - 12:19 am
Terry,
You mean to say you understood this quote.
“PS this is for the short term long”
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 23, 2005 - 1:34 pm
Choose a lender that does not do valuations themselves, get a valuer from their panel to value it for you and then refinance with them, if you are happy with the valuation. If you employ the valuer yourself you will get the chance to come up with arguments for a higher valuation.
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 21, 2005 - 8:38 am
Hi Mark,
If you have any trouble understanding the planning scheme etc pm me and I’d be happy to give you some assistance. This is my area of expertise and I am more than happy to assist fellow forumites.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 21, 2005 - 12:34 am
Hi Mark,
The first thing you need to find out is if it is possible to put more than one dwelling on the block. If you have a look at http://www.dse.vic.gov.au you will be able to see the zones and overlays that affect your property. You will also find the local planning scheme there, for a bit of light reading.
If it is possible to get a permit, you then have to look at the costs involved, particularly building costs and make a decision as to whether the likely end price of the development justifies the risk. From what I understand, building costs usually come out at around $10,000.square.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 18, 2005 - 1:41 am
I have a number of clients that have done very well out of commercial property. My experience with them is that they do a lot of work upfront, in terms of due diligence and ensuring they have tennants before they will spend anything.
In short, it requires more work upfront, more money and more skill, but the potential rewards are certainly there.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 12, 2005 - 12:05 am
It’s really up to you if you are happy with the return you will get. Personally, I think it is a little low.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 11, 2005 - 1:48 pm
There is a book called “A Guide to Property Values” which is available from Information Victoria. If you are interested in Vic prices, this is probably the cheapest source.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 3, 2005 - 7:08 am
Hi Viral,
Surveyors draw up plans of subdivision, so you should find a good surveyor. You may also need planning permission, if you speak to your local council planning officer, they may be able to help you determine this or else contact planning consultant.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 2, 2005 - 11:59 pm
Hi Christy,
Information Victoria has a book with median prices for all suburbs in Victoria (houses, units and land seperately) for the last 10 years.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 2, 2005 - 11:56 pm
Hi Chris,
If this is in Victoria you almost certainly need a planning permit.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
March 2, 2005 - 5:43 am
Hi Skeeter,
Have a look at http://www.dse.vic.gov.au The site has maps showing all zones and overlays, throughout Victoria. You will also find the associated planning schemes etc. Basicaly everything you need to know.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 25, 2005 - 12:14 am
You should speak to one of the many private personal training studios about paying to use their facilities. I think they would be far more opren to the idea than a large gym. They’re a better environment for your clients also.
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 24, 2005 - 2:00 am
Hi Gill,
Thanks again for organising the meeting. As I mentioned, none of my freinds are interested in property, so it was fun to speak with a group who share that interest.
I look forward to the next one.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 24, 2005 - 1:52 am
Hi Cam,
It depends on the area, if you give the postcode to a mortgage broker, they should be able to give you the info you are after.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 21, 2005 - 11:59 pm
IMHO there is more of a problem with the application of town planning regulations than the regulations themselves. Development is a hot political issue with local Government, particularly in areas where Save Oour Ssuburbs is active. This leads to a lot of very poor decisions by council, hence the high rate being overturned in VCAT.
I could o on about this all day, but basically the only way the system will be improved is for power to be taken away from Councilors, but this would be political suicide for the State Government and is not going to happen.
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 14, 2005 - 1:33 am
My company has had some dealings with WPB. They come accross as very knowledgable and smart operators.
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 11, 2005 - 12:02 am
You can also usually claim depreciation. You need to speak to a quantity surveyor about this.
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 10, 2005 - 11:58 pm
Commercial property is very different to residential. Your 4 weeks vacant per year asumption is applicable to residential but not commercial property. If you get a good tennant they can be very long term, but it is also possible to have long term vacancies.
Good luck, but make sure you know what you are doing before entering this market.
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 10, 2005 - 2:29 am
Hi Boris & Elizabeth,
Before you get your property valued, you should decide which lender you plan on going with, as you will need to get a valuer who is on their panel. Also, not all lenders will except the valuation as they like to do their own.
You should speak with a broker about this.
Regards
Alistair
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
February 9, 2005 - 6:37 am
Hi Meegan,
There should be no penalties for not taking up a loan offerred by a broker, as you do not have to pay them yourself.
There are plenty of brokers on this site that seem to know what they are on about, why don’t you try one of them. They won’t keep giving us all free info if they don’t get any business out of us.
Regards
Alistair