Agree with Terry ………..Messy..messy …. and there are a lot of assumption and blanksExpanding on the pension angle as this is very likely to impact …… We assume your dad is 5 years to retirement age and looking at some kind of pension as income????   Transferring title near retirement can be seen by Centrelink as him disposing / gifting of an…[Read more]

…..…….Developers not main land-banking culprit, says analystBy Bob Wilson, Hotspotting .com 28th October 2009Blame for any shortage of land for housing development is usually sheeted home to developers, who are supposedly sitting on zoned, approved land awaiting a better market. But according to property analyst Michael Matusik, speculators…[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 in…[Read more]

LOL @ Duckster

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 inflation in setting the cash rate. Hmmmm……ok, so house prices too high -> raise rates, even if conventional in…[Read more]

It appears the highest and best use of the land is subdivision hence you may be better off spending your money getting DA approval for the subdivision rather than spending it on the house. Sell it with the DA in place. Crunch the numbers on that also.

NHG wrote:
Hey,In saying this, I have been spending time with some developers and the feasibility calculator I made myself with their advice was essentially the same as carly's unintentionally (took me 15 mins to make on excel).Any other questions feel free to ask.

NHG.. care to share your feasibility calculator with us… sure it would help…[Read more]

WinstonWolfe wrote:
My on the ground research says Brisbane's moving average will blow out beyond the GFC 55 day peak in the next 3 months.

WW I have a strong suspicion that we already there my friend …… from my own and my different contacts personal experience with properties on the market at present  For any one interested  have a loo…[Read more]

WinstonWolfe wrote:
Listings are up 50-100% in Brisbane outer and mid ring burbs, though vendors are yet to drop prices significantly. I expect downwards pressure to build in autumn next year. And that's when I might be making low ball offers on development sites. Nevertheless, I'll be following the rates outlook.

 agree… Banks need to lend…[Read more]

Wander .……… sounds like you have your head on your shoulders and keeping the emotion out of it…..  Its a buyers market and the agents job is to push you up…… has  he actually presented a signed contact  to the vendor  or is it all been verbal???If its in print it has to be true………

Maybe im missing something also but why not lease it from the 1st Jan and if you have too for whatever reason allow them access earlier then that date

Scott No Mates wrote:
Never discount that idea Beadie – the unknown is a powerful tool in the negotiation process when buying. If the vendor & agent are not fully acquainted with a proposal (and you are prepared for a long term hold, until there is certainty and the infrastructure is declared or built), then you are in the driver's seat.

Scott…[Read more]

Valuers did their thing this week and verbally indicated for what its worth consideration be given to view it as a DA site under "best and highest use" From their valuers experience government dealings on resumption/ acquisitions cases are very fair and reasonable  … even saying he would consider buying  property within areas knowing there may be…[Read more]

Figure there is an abundance of permabull thinking @ the Somers camp from posts here and I hope they do well in their chosen buy hold & hope mind-set, for many it’s a starting point and their circumstances, risk appetite and knowledge dictates if they broaden their approach and time frame their goals which ultimately come back to lifestyle hence 1…[Read more]

WW,Man that must have taken you a lot of your time to compile and thank you for sharing it. Sure it will help many in these forums… For some of us non economists and simpletons ….how would you sum all that collective information up  and what’s your gut feel in the short ( 12 mth) , med ( 3 year) and longer term?

  DW….. Sleeping fine my friend ……lol…….have had some much stress in my life…..  just manage to control and switch off to it….. But that's another  long story…….Bank isn't drilling us on presales on this development… and I am not persuaded this development will attract investors but more owner-occupier market due to de…[Read more]

DW, Bit of the same from Steve's McKnights  thread which we covered off a few weeks ago "Building Approvals Tumble"  if you recall….For those interested……link below. https://www.propertyinvesting.com/forums/property-investing/general-property/4333953?highlight=tumbleWofleeee…….. hows the presales going.?????  …..lol……..   I ain&#0…[Read more]

Alex.Can I ask what suburb , indicative cost etc of the property you thinking in investing in?

Agree in the fast turnover approach  WW  need to keep the momentum going good times or bad otherwise we do nothing…. and experience tells us doing nothing produces nothing… We focus on LMR sites and will be avoiding Moorooka next year .. feel a bit of a glut happening there…. we have a complex of 6 on the market there now…. and our buil…[Read more]

Richard,In saying all of this i am certainly seeing some excellent opportunities for development where developers / vendors are finding the pinch and offloading their sites at prices we saw  5-7 years ago ……. Looking to buy those … inner city……  keep us in the loop if you spot a bargain before or after a rate rise…………