until of course something goes wrong, in which case the agent is usually the first to be sued as all of a sudden they play a critical part in the process.

seriosuly tho… the perception that an agent stands by and does nothing but collect a commission at the end is really quite false. holding deals together, dealing with financiers that couldn’t…[Read more]

yeh the contract date is probably correct, but if your intention was to build and sell then it is not a CGT event anyway, it’s just normal income.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

the cottage lots have gained a lot of popularity and I love our standard design that we have for these small lots, however in the case of capricorn, i went for a traditional lot as I felt there was a scarcity value attached to it.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

“1. Wages must rise dramatically – not likely under the new IR framework.”

On an individual level maybe not, but on an aggregate basis yes. As employers are less scared to put staff on and productivity rises and taxpayers stop funding so many doleys then it follows there will be more money chasing housing.
Not that I really believe the whole…[Read more]

good point. increase the population 10 times and develop some depth to the economy and we could be a player.

now that would cause a boiling property market!

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

and lots of graphs and numbers, so the conclusion must be correct.

wouldn’t invreased immigration, lack of housing, changes to lending policies etc. cause a change in the value of a property? to say something is overvalued because it is only attributable to the fact that more people want to buy it is an odd statement. is oil over…[Read more]

and GST

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

I think I have misunderstood. What whitelaw was suggesting I believe was (as an extreme example) that you could build 3 units for $200k each, sell 2 for $300k each and transfer the last to yourself. sales = $600k, costs = $600k, presto, no tax payable.

I certainly agree that there is no problem retaining units without formally transferring…[Read more]

“First AUSPROP nop its not unusual to hold one, two or three unit depending on the development and as for (was the accountant hinting at fiddling books a bit or is this a legit strategy?) well this is the norm as long as the structure has been setup at the start I am currently hold 3 in a development that is about to finish, whitelaw accountant is…[Read more]

Yes there is a block there for $100k with a $1500 rebate for an unconditional offer plus the building incentives. With 12 months till settlement it is a real bargain.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

hey redwing, any thoughts you ask… my biggest one is “I wish I owned more property!”

the stats as usual are a bit hit and miss with a few anomolies. it’s a good history lesson but the nore important issue is what will be the headline suburbs in the next edition?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

this time last year I copped a $300 fine at one of my development sites for having lawn up to ankle height… there was no arguing with the council and I had to pay for my ‘serious fire hazard’. My mate just emailed me to say a house he is building has been issued a fire infringement notice of $250 if he doesn’t clean up within 5 days (last time i…[Read more]

Originally posted by whitelaw:
out this way you can take advantage of tax and GST positions by absorbing them into the retained property …cheers john…

Hi John – welcome to the forum. Curious about this statement… was the accountant hinting at fiddling books a bit or is this a legit strategy? I am unaware of any way you can juggle costs…[Read more]

I don’t know that one dazzling but I would dearly love to own the Masonic Hall opposite Subi Oval there – what a building!

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

well 20% gross is the bog standard which is usually 100% return on equity. but you can get good deals that are 100, 200% which would be a large return on equity – all depends how much you put in i.e. gearing and how quick you can turn it around. and if you put nothing in and make $1 what is your return on equity…[Read more]

ah is that where the news was, that would make sense. I believe the plan was to build all the homes and sell them in a USA style completed estate. how can it not be property development? must have clever lawyers or something. maybe it’s a JV where the super fund buys the land cheap and then the partner pays a profit when they sell the house – am…[Read more]

I have heard – 2nd hand only – that a super fund bought out all of the remaining lots and stages at Seascapes, so don’t expect to find any land down there. I think this is a sign of the future.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

it would be a brave dveloper that took on a devy with a 10% ROI. we are talking gross profit margin here right?

The only guys that I know that can do this are builders themselves, in which case they jsut consider the building and dev margin one and the same. these are the guys to buy good value OTP property from!

oh also – you’d find it tough to…[Read more]

the new price list is out – and apparantly has been re-issued again with a further $10 to $15k on top of that, so gains on the blocks we picked up are in the order of $30 to $40k. great stuff!

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

“Maybe I was looking at the wrong sandpit…….

kp”

KP – further to our discussion – you were looking at the wrong sandpit [blink]

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT