Forum Replies Created
to sell off the plan you would need to offer some discount to their true value (and selling OTP for a townhouse product isn’t easy). To make enough to pay for the other two you would have to be making some extraordinary profits (and don’t forget that half of this profit would go in personal tax and another 10% in GST). Developers margins have slimmed from 20% and out of desperation are dropping to as low as 10% when all rats and mice are thrown in. So I can’t see how people are doing this. If you find a deal that you can do this with I would grab it fast, because there will be 100’s lining up behind you. Also you will often find that the profit is represented nearly as much by the capital appreciation in the land.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
yes it would be great not to have to pay stamp duty – imagine the arbitraging that would occur if it were abolished!
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
I would invest a few hundred dollars in books – 90% of the seminar material is covered in them anyway. Even better, go to the library and get the information for free. As with all things in life, price doesn’t always equal value.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
For my market (Perth) BIS Shrapnel is forecasting a 28% rise in prices over the next 18 months and continuing, albeit slower, growth in other markets. This is a big discrepancy from a 20 to 30% drop. It seems interest rates have peaked as well. Everyone has a vested interest in the market moving one way or the other. Why do people have to keep claiming we are on the verge of a bust and cannot accept that the market is in balance and will continuing to tick along just nicely. I see no evidence of a bust for typical property (not sure about OTP apartments in Melbourne).
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
check with the council that it is zoned for short stay accomodation (sounds like it would be if they plan a hotel, but worth following up). Read your strata by-laws carefully and see what is in there. Some specifically exclude this sort of thing.
why are you so aginast the hotel? My friends just paid a fortune for an apartment in a hotel/residential development and it is actually pretty cool…. nice reception, well maintained communal area, bars and facilities nearby.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
yes but their caution should be executed by lowering the LVR, not by fudging the valuation numbers – after all they are suppose to be valuing the property in todays terms, not predicting into the future.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
different perceptions are strange – I think St James is only just starting its run. ezrent – will PM you.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
there are a couple of postings saying that affordability is at an all time low. Am sure I read only a week ago that this is a myth and affordability was actually pretty good. The trouble with real estate is all these dodgy delayed statistics that are plastered across a whole market that is assumed to be comparable but really consists of many many unique products. Land is the only common denominator – what you do with it is up to you. Affordabiltiy is probably more important than interest rates, though it seems interest rates have peaked now anyway.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
yeh well I realise that when it happens it will be a huge problem anyway and it probably won’t matter where you live, you will be affected by the ruined economy etc etc. A bit like shark attacks – the fear of it is worse than the likelihood of it happening to you personally. hmm – Nepal…
yes I hate the beach, however everyone wants to go there. Saw an interesting program on tv about a year ago talking about Tsunami – said that it’s strange how planning policies allow all this development on the coast when tidal waves are a natural and relatively frequent phenomena. it suggested that a decent tidal wave on the east coast of australia will wipe out most of our population and infrastructure. it went on to show what will happen when a particular island in the Canary Islands will have when it eventually cracks in half and falls into the sea – devestation of the US East Coast.
I have never been to Melbourne and seen these apartments or where they are etc etc. If the price collapses would you think they would be a good long term opportunity? Will you be able to find a tenant to earn income of any sort?
Tony – am hearing your concerns and am in a similar situation. Thanks for posting that advice which looks expensive! Seems that after going to all the expense and hassles of setting these things up they aren’t water tight anyway. Propertyguru – are you concerned by this advice or are you confident your trust deed is different enought to stand up? Could be a financial disaster if not.
seems strange though that with the economy running better than it ever has that we are about to embark on a gamble with an unkown factor. happened with the libs in WA too, finally we had paid off the debts that labor clocked up in the 80’s and we were getting back on our feet, and then for the sake of a $12m bell tower (which wasnt very popular, but is actually one of the few tourist attractions in Perth) there was a change to labor again. their first move was to scrap $800m worth of train engineering and designs and plan to rip up a freeway which has only just finished being built. now with huge upside of risk labor has signed the state up to a further $1bn plus rail program knowing full well it wont be around to pick up the pieces. I am not aligned to any party, but economic prosperity is important to me. I hope that before the election we get to see some details of all these tax reforms. It can only be fair that if neg gearing is to be abolished that we are at least given the courtesy of a decent warining period. Can anyone recall how quickly it happened last time?
it’s all about building the foundations of your wealth… manage your cash flow, generate capital gains, revalue to borrow and build it up. Valuations are just one of your tools.
whenever you sell it is a good idea to patch up cracks. minor settling cracks can send buyers running a mile. as a buyer it can of course present an excellent opportunity. i would look at the property and you may get a nice discount.
Extensive list of new Perth property available for sale.
Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
hmmm – last time I had a trouble tenant all I did was threaten a PM to be appointed and they did a runner. Hopefully someone on here has some good advice. I woudl probably send some heavies around but I don’t know how favourably the courts would look at this if things got out of hand
I am told that all banks have their own means of measuring your servicability, however a typical DSR calculation that I use to try to keep track against is to add up all your loan commitments (including car leases before tax benefits) plus 5% of any undrawn credit amounts and divide it by the total of 30% of your wages and 80% of your rent. I think the resulting number should not exceed 100%?? sorry but I haven’t looked at it for a while.
Extensive list of new Perth property available for sale.
Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
are you using a property manager out of interest?
Richmond – where did you get this from please? Do you have a link or something? I would be interested to read the full report.
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
westpoint have some adverse publicity – strong sales pitches etc. Once again though, like all property deals, the main thing is to make sure the deal stacks up for you. Do your own rental assessment to see what you will get in 3 years time when the guarantee expires. What are other apartments around this one selling for?
Extensive list of new Perth property available for sale.Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
