$1400 – $1500 per square metre has been the known estimate for construction of very good quality finished apartments since around 1997.

I know that top quality in Queensland is not like top quality that you would find in Sydney or Melbourne.

No offence to Queensland residence but it’s true.

And as for 4 bedroom houses for $138k, makes me…[Read more]

Are you selling the property or the business?

It seems that nobody wants to run a diner, which is why they are looking at the land for other options.

Maybe you could loook at ways of building the business up and sell the business (not just the property). Have you discussed this with your accountant?

Also, is the 1 acre lot in/near the town’s…[Read more]

Establish what type of reno’s you want to do. I.E. Do you want to subcontract for somebody and get paid to complete their reno, or do you want to do your own development of your own property?

Once you work out what you want to do, just get out there and get amongst it!!

Learn, Love, Strive. Make a difference!

eBay!

depends on exactly where you are…

Learn, Love, Strive. Make a difference!

I try not to reccomend a “good accountant” simply because what I feel is good, someone else may not like.

There are many accountants out there that are good, especially with property, and most accountants know about trusts. I think their rates are generally similar, depending on their level of experience and qualification.

Perhaps try a yellow…[Read more]

I think furrymoggy is new to this site and possibly wants to increase the number of posts entered on this site…

None the less, welcome to PI.COM!!

Learn, Love, Strive. Make a difference!

good for you!

Learn, Love, Strive. Make a difference!

The way I understand it is you are not obligated to place a deposit at all. Although the standard (because most people believe this is law) is 10% there is no law requiring any deposit at all.

However agents do like 10% deposits as the deposit usually covers their charges to the vendor (their client). That way they know the deal is done and they…[Read more]

Sometimes life throws lessons your way so you can learn to deal with them. If you don’t do something about this person then what will happen if you get a new job in another organisation and you have to work with somebody just like the person you hate now?

Sure you can look for a job elsewhere, but you still have to front for work and you’ll have…[Read more]

It could happen I guess, but it would depend on how much your combined (total) annual income would be, which would depend on what tax bracket you find yourself in.

One thing to note is that there is no allowance for your tax free threshold on any second (or more) job as this is taken up by your first and primary job.

So you may find the income…[Read more]

It’s hard to make a judgement on the deal without any further information. You haven’t provided much detail on all of the numbers involved, location of the property, type of dwelling/s on the property.

Though you did mention that it is “going to cost” you $80 per week. Is that after everything has been paid? If so I’m thinking the deal is…[Read more]

Seems to be a breakdown or perhaps a lack of system in place in the areas of:

1 – Selection/screening of Property Management

2 – Selection/screening of potential tennants

No doubt big lessons for all of us here.

Learn, Love, Strive. Make a difference!

You could also call it punting.

You can win big, but if you lose, you’ll be out on yer bum in the middle of winter without any clothes on!!

Learn, Love, Strive. Make a difference!

Oh, and there is also a small RE wrap-up in both the Sun Herald and Sunday Telegraph in Sydney (these are the two major Sunday rags).

Learn, Love, Strive. Make a difference!

You sound a little down on yourself. Let emotion assist you in driving yourself forward, but don’t let it get involved in your decision making processes.

Always ACT on FACT!

Good luck!

Learn, Love, Strive. Make a difference!

Do you really need a mentor, or do you need to learn how to find and qualify property deals?

I thought I always needed a mentor, but I recently attended both the Masterclass and Power Workshop events, and now have a greater understanding of how to search for property deals, how to talk to agents, what information I need to seek, and how to…[Read more]

Just tell them that you “work in real estate” for an independant agency/company.

I’m assuming that you’re using the same if not similar structuring with trusts and companies when making your property deals, so aren’t you technically an employee, or even a Director of one of these companies??

You can really tell people anything they want to…[Read more]

RP Data provides real estate reports with this information. You have to pay for it but it might be what you’re looking for.

You used to be able to get it from the local governing council for free but the State Gov changed the privacy laws several years ago and you must pay for it these days.

You can find the RP Data link via…[Read more]

For sales I would look at the Sydney Morning Herald (SMH) on Saturdays.

However if you want a specific area you may want to try the local paper of the area you are seeking to invest in. The Cumberland Newspaper Group has many local newspapers in different regions across Sydney. Each Saturday has a RE liftout on that local area that the paper…[Read more]

All of these responses have been (pardon the pun) bang on the money!!

I find with many people it can also be a case of the old Aussie tall poppy syndrome. If someone else is doing better financially then they are either cheating or are born in the money.

What the majority fail to realise is that you have your dreams and are actually on the path…[Read more]