some interesting comments re The Economist article:

http://www.somersoft.com/forums/showthread.php?t=20441

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

get into Perth – we are still well off hitting the top

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

they claim to have positive cash flow real estate but when i looked at the numbers I just couldn’t see it… bearing in mind I know exactly where some of the stock is. I think CF+ is so trendy now that everyone is trying to get on the band wagon

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in…[Read more]

10 years for 22%… hardly whopping! I’d be looking for 100% in 10 years.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

how strange – I was sure I read only recently on the ATO website that they had changed from number of days to a valuation method…. but now I can’t find it. Sorry for the red herring – it does appear to be the number of days method thatis used.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in…[Read more]

I still maintain that if the cost of your agent is the only concern then go with the cheapest one of all – yourself. You would probably do better than a bad agent and you will save money.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

just be aware that the Club isn’t actually a club, it is a marketing company… which you can’t really join like your local Tennis Club.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

“but no one at the building company seems to know”

sorry natwayne but I have to laugh – I have been going thru the very same thing. I suspect that the contract is so loaded in their favour that they never have to pay penalties hence no one has had to work out when that time was up! my good friend who has plenty of time and is completely anal did…[Read more]

12 months doesn’t sound too crazy, their are always situations that will be give or take 4 months. Having said that, I don’t know of any reps that are openly admitting that their company has no hope of building what they are selling, so it could be worth digging around a bit. it would be good to somehow speak to some of their cliemts – maybe drive…[Read more]

Originally posted by robo:
I agree, commission rates are over the top and with a bouyant market, some of them have really done well.
Thats an understatement, what business do you know of that can double their income in a short time by pretty much not doing anything extra like advertizing or extra work. Like REA have in the last 2 years. AS far as…[Read more]

Originally posted by wayneL:
Originally posted by AUSPROP:
the building price would be around 40% higher than what i signed up for.

Holy Crap!

Didn’t know it was happening to that extent! I’ll have to get out of my cave more often!

Did Buckeridge ever set up that brick plant?

yeh compound 1% a month for a couple of years and you will be…[Read more]

hi Terryw – I would be interested to hear who that is. I know Postive Real Estate promote some properties very heavily on the basis of being CF+ but when you look athe numbers I really don’t know how they can make that claim… most of them just appear to be typical negative geared style properties. I was curious as I know richmastery who they are…[Read more]

Terry – not sure how to elaborate… BGC are basically so snowed under that a typical house is taking 12 to 24 months to build. their order book is so bloated that if they stopped selling homes, some say it would take 2 years for them before they could clear some of their back log and get their house in order. Their prices are very competitive…[Read more]

yes I know a guy who is with a leading WA builder and sales last month were well down for them. We also have noted a bit of change in attitude from a couple of builders so this could be the turn we have been looking for, although someone told me yesterday that if BGC stopped selling homes completely it would take them 2 years to get on top of the…[Read more]

yeh I had some Chinese students stay in a brand new townhouse for 6 months prior to be being sold. The damage bill was huge. I felt sorry for them, the new owner expected the house to be sparkling clean and these guys had no idea how to clean… and the more they tried the worse it got, they took a scourer to the stainless steel hob and scratched…[Read more]

Does no one have an answer to this? My understanding is that if it is no longer selling inventory then you have to pay the GST over on it, but don’t know the actual requirements of what makes you do this…

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

quality CF+ is definitely not a myth. But if you walk into a Holden dealership don’t expect them to sell you a Ford!

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

ah I see the fine print – that’s where the devil hides! I also see:

“In the index loan servicing costs are calculated for a 76.8 square metre dwelling, which is the average size of a Finnish home according to Statistics Finland. In the example the housing loan is 70% of the purchase price of the dwelling and the loan period is 25 years.”

amazing…[Read more]

I think subdivision and new estates will fill the gap. Otherwise peoples expectations adapt just as they do in other countries…. and we have seen that with the slow change from 1/4 acre blocks to smaller lots and now onto cottage lots. This will be accelerated by a natural preference for smaller lots – so many of our sales come from oldies…[Read more]

unfortunately the ATO has you… you need to conduct a valuation at the time it’s usage changes and when you sell it will be based on that. I am not a tax accountant…seek independent financial advice…etc etc.

http://www.ato.gov.au is an excellent resource.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in…[Read more]