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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.comINVESTMENT 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.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
I really wouldn’t wait – the market is still growing too strongly and you ma miss the boat altogether.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
that Raffles building is one U-G-L-Y redevelopment… why you’d pay that much to live there is beyond me.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
yeh that spots not bad redwing, but no where near as good as <edited as very sensitive information which is garuanteed to triple by the end of the year.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
I wouldn’t have thought 5% would be hard to find. what areas are you looking in?
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
if it were me I would dump it – a tax free sale after all… doesn’t get any better
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
Shane Oliver syas there will be no price growth for 10 years… now that’s gotta hurt!
http://moneymanager.smh.com.au/articles/2005/06/11/1118347629517.html
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
if the price is right, then yes.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
reiwa is saying $308,000. has been a great run and yes – subject to bird flu and religious nutters – there doesn’t seem to be any sign of a slowdown yet.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
interesting comment about the infrastructure – I can’t think of amything that MAdora Bay has that Singleton doesn’t? In fact apart from the old tavern at Madora there is nothing else there… I agree infrastructure along that whole strip is poor.
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no you wouldn’t be eligible for the 50% discount as it is no longer a capital asset – it is effectively just trading stock. Developing to sell is basically trading yes (tho you don’t have to develop to be a property trader of course). You may be able to slip one thru as a capital realisation perhaps – speak to an accountant re this.
GST would also apply… it works out to be roughly 1/11th of your profit. So if you develop in your own name you can end up paying between 55 to 60% tax roughly. If you develop in a truat and distribute to a company you may be able to get that down closer to about 37% or so.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
I am from the school of thought that everything is for sale at a price. The fact that you don’t have to pay any tax on realising this asset and that you have no expectations of cap growth in the medium term makes it a no brainer
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
well you could write a book to answer these questions and still not cover it all. you will need to be a little more specific… are you developing to sell or to hold?
in my mind, developing is like retailing a product. the govt hates anyone making a dollar without their large cut so the tax treatment of it is harsh. You will need to pay GST and pay full tax.
investing is more of a passive activity with favourable tax treatment, whereby you are eligible for the 50% CGT discount.
the lines become blurred tho when you start developing to invest.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
I see Watson Property Group are selling land in Two Rocks (stage 1) which is east of Two Rocks Road with prices starting from $170k I think it was.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
well I have to admit I was only half listening as it seemed obvious to me that for an estate of this size and quality that they couldnt expect you to run off gas bottles. Maybe he said it would be on by the time the houses are finished… perhaps drop him a line and clarify it. He definitely made a represntation to me regarding this.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
was hunting around for land for our house and land packages today… seems the days of land in Perth for around the $130k mark are now just memories. The Meadow Springs average price now is $140k but they are all gone anyway. Seascapes has a release very soon but it will be a rush and titles are months and months away. Not sure on the Wellard prices but they are possibly a good buy if you feel like camping out for the reward.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
The sales guy (Rod) was telling me that it will be on by the time the blocks are ready for settlement. I don’t think anyone would be too impressed if it weren’t connected by the time the houses were built anyway.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
So does Mirvac Fini who just sold out $150m worth of apartments in 4 days. Mandurah is taking off in leaps and bounds and it seems $1m+ properties are becoming quite common place.
http://www.mirvac.com.au/forsale/WA/the_point/index.htm
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
the competition for rentals is pretty hot at the moment.. if you ever wanted to raise your rents now is the time to do it.
on a personal level we just lifted one of our own IP’s 10% but it was well overdue mind you so will do it again in 12 months
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
