we’re all ears

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

we sell Highbury packages and have put together a few for members on the forum etc. We can be competitive for homes that are suitable for lots in places like Anchorage i.e. around 500sqm, but struggle a bit with the larger homes e.g. 180sqm vs 220sqm. at roughly $1k a sqm haht’s about $30-$40k difference to compete with. For the larger lots at…[Read more]

my copy turned up today…

just quickly reading it, it sounds like they just sold it off the plan rather than a house and land package. so she would put in say 20% of the dev costs and capitalise the interest. anyone else interpret it differently?

GST will take a decent slice of this profit too.

http://www.megapropertygroup.com

INVESTMENT SALES *…[Read more]

Will have a read of the article fullout and see what they are going on about. there are a heap of different ways they could have done, like everything in property. what month is printed on the front page of the magazine? I am losing track of when I got my last one and maybe my new one hasnt turned up yet. to be honest I am barely reading them…[Read more]

that takes this discussion board to a new level huh? now we are bulk co-operative!

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

redwing – I think you are onto something. a pre-release direct sale of some of the premium lots.

tho they are better positioned they are also better prices (much higher) which would be my only concern.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

hey thanks for the info Wayne. the parcel of land in front of singleton beach estate will no doubt be carved up at some point in the near future… presumably at a lot higher prices.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

here you go….

http://www.singletonbeach.com.au/location.html

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

when a buyer gets finance for a house and land package the bank will independantly value the land, and the house. the 2 will need to add up to what you are charging. you will find that most people will just do it themself. the alternative is to sell it as an off-the-plan house, so that the buyer has no headaches with the building costs and…[Read more]

wow – that’s quite a bleak and depressing picture you paint there bruham. In WA everything is stretched to capacity (house prices rising, no land available, can’t get anything built, commercial space not available, city building plans being dusted off). This seems to stack up with ballooning federal surpluses and what feels like an inflationary…[Read more]

yes but it’s not just a matter of taking your money out and being able to go back in at will. by the time you pay REAs, tax, (and GST if applicable) and discharge the mortgage, then go back in with stamp duty, new mortgages etc it can be a very expensive exercise. If you bought for $100k and sold for $200k, you would clear say $50k if you were…[Read more]

was just talking to a guy that was saying there is a new land release at Hillarys: it has been offered to locals first. better get your skates on – it will sell fast….

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

there’s a desperate shortgae of properties in that area, why not just list it with an agent up there? add the agents fees to the price you ask – am sure it would last about 5 minutes on the market.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

I see – I suppose it depends how hands on you have been i.e. how much the PM has paid for.

with the add back of the GST into your return, do you have to do an amended return for each year, or would you just throw it in as income in the current year?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

isn’t it going to be an awful lot of hassle? I was just looking at what I could claim back… abit from the lawnmower guy, a bit from the PM, a bit from pest treatment co etc. I could see it being a huge battle with each company chasing it up and then at the end of the day whatever you get back you have to include as taxable income (or reversal of…[Read more]

yep – has to be a winner. I like it… can’t be bothered camping for lots tho. Is demand still that bad or can mere mortals buy blocks there again?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

it probly is a bit cheap and thus better value compared to the south, but don’t forget northern beaches are pretty windswept and barren. nothing against them but there isnt exactly a choice of wineries or boutique breweries. the mooted highway will be built one day I am sure – the state govt is very keen to take the pressure of the south…[Read more]

nice dilemma to have – beats the ol “I’ve made a loss should I hold and hope or sell?”.

the property market is still on a healthy rise so there is probably no hurry to make a decision. consider what you will walk away with after REA fees and tax. $540k doesn’t sound like a lot of money for what it is, but the net yield is dreadful. when is the…[Read more]

yikes… that’s a shame as they were one of the few builders delivering anything in a reasonable time frame. presumably Dale Alcock and Hombuyers is in the same basket?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

Good point Michael…. a good reason to sign 6 month leases in winter to coincide them with the January rush.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT