Intrigue wrote:
Another thing playing on my mind….I know an investor, he is under 25yrs of age and owns in excess of 25 properties. He once made a comment to me that I thought very interesting.'the negotiations begin after the contract is signed'  Do we have to do things the way they have always been done just because that's what the seller…[Read more]

Of course a burst / correction is possible but let’s not get spooked by the shadows…Correct me if I’m off track but all our lives the unforeseen has shaped the future of business and/or our lives. Investing is a speculative business and it carries its risks.I’m sure we all remember our first investment decision…  there was a element of fear..…[Read more]

Here's a silly story. Consider we have oafey slow thinking do gooder ideologues in the RBA and Fed Govt who finally realize affordability might be an issue. So the RBA decides it will now consider asset price inflation in setting the cash rate. Hmmmm……ok, so house prices too high -> raise rates, even if conventional inflation is within the…[Read more]

Yawn…….A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort.

Mr Story teller …………     where are you ?????………….You going to the Steve's, Brisbane Market update next month…..????

Wofle,Like you have construction commenced  on one site this week , sold one site  last fortnight and looking at buying two more……. Bit hard to find a good development site in inner city Brisbane at the moment which is either not overpriced or a secondary site.Anyone know of a good one let me know……..lolCheers my friend

Thanks Scott, It gets better………There is Capital Gains Tax rollover option for resumptions cases where by if you repurchase another property within 12 months to replace the property that was resumed you rollover the GCT into that property etc. so my accountant tells me……Was hoping to roll it over as part of another development that is…[Read more]

Think supply and demand……..

"How we made over $500,000 in 27 month by being resumed"……….should be a headline……….lol ………… We  settled  Friday. ……  would have obviously been better outcome if we had developed the property but considering the situation …. a good outcome   ………… as my above post  no issues with the handling and conduct of the…[Read more]

How big is the block……..how much land do they propose to resume,,,,,. whats present zoning?

Scott, your right my friend……. the valuers are the key. ….. It all starts there before the legals and the negotiation.  I have to say that the process is being conducted professionally and sympathetically by the authorities. They are no inklings that they are trying to take advantage of the situation…..  Taking away all the anxiety /…[Read more]

Af /girlSame theme and  good advise on this thread also  mind you  posted in 2005-  now 2010 … hope its not the same property……….lol

Love the enthusiasm but must say Interesting market  to go into a build with no experience. I wouldn't leave a lot of room for error in this market.You have $500k to buy the property or  is that $500k to put towards the build? Talk to your bank/broker and find out what you can and cant do before venturing in.. Don't want to buy a DA site and f…[Read more]

  Winston…..  Interesting last few graphs Property bubble????   Seems like a pending up demand bubble ……. lol

WinstonWolfe wrote:
  Here's a silly story. Consider we have oafey slow thinking do gooder ideologues in the RBA and Fed Govt who finally realize affordability might be an issue. So the RBA decides it will now consider asset price…[Read more]

Leave the emotion and the conspiracy theory alone and focus on what you already know is logical and in your control.Proceed with your meeting with the Cross Block Link representative (there must be a contact on the letter you got) and /or if that the town planner you mentioned earlier.Drill down on the council’s timeframes… when are decisions g…[Read more]

Ninh,Welcome to the club………. running thread on the topic  below.https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4333928Have a read and I'm happy to fill  in any blanks you may have from there…Reasons to be Cheerful Part 3

Acjd , NHG…Very proactive of you guys.. Impressed with your contributions to the forums .. this be a great resource for many…… Know some sharp pencils in these forums  that Im sure would be happy to contribute to fine tune it………..

eddy82 wrote:
There is however a possibility of developing on the site due to my best mate owning the block next door…

Do it ….. Kedron is fine and inner city enough to make a difference and if you and your mate sell together especially if you get a DA assuming you in On LMR sites you laughing even before building in that time frame

No Credit. Do you play any-other tune???? …..you sound very permabearish in all your posts.May I ask what you investing in at the moment……….. or sitting on your hands??????You have to have some momentum to move forward my freind

Fredo,We covered off some thoughts on this thread if you interestedhttps://www.propertyinvesting.com/forums/property-investing/general-property/4334669chk chk Boomer