Hi Jerry

Buyers agents all work differently, but yes they charge the buyer for their services in assisting with the purchasing side. Some have a commission fee basis, some a fixed fee basis. Some charge whether you buy or not, others only if successful. You’d be best asking Metropole directly, and yes it’s on top of the commission the other agent…[Read more]

Tues 18th Nov, Civic Library at 7pm

This month is the last of our meetings for the year. Which means it’s your last chance to come along and meet like-minded others! Please come along for a presentation on putting smart offers together to increase your chances of securing your next property. Our presenter is, well, me.

In my role as a Canberra…[Read more]

ACT meeting: Tues 21st October, 7pm at Civic library (next to Canberra Theatre)

We are thrilled to have John Chamberlain from Lexmerca Lawyers to help us understand all things conveyancing. What actually happens on settlement day? You end up with a cheque or a set of keys, and this ‘settlement’ process just happens… sometimes things go wrong…[Read more]

Agree with the comments above, it’s not your average sale and in each town/area they’ll usually be a few key people who are interested in them. Many are traded off-market, so I’d suggest getting out there and talking to agents about it rather than a fruitless search online.

Welcome to the forums twiggymcg.

That does seem high, and may take up some of your profits. It depends how much, and how willing are you to share that profit for the experience?
I don’t know the company but I’d suggest looking around at other service providers who can also put you in the right direction. If you can find a buyers agent down there…[Read more]

ACT meeting: Tues 16th September, 7pm at civic library (next to Canberra Theatre)

This month we are hosting Scott Bamford, from Greencap who are run off their feet doing asbestos assessments at the moment across town.
It’s a hot topic locally, and while we are waiting to hear the Government’s decision on the future of identified Mr Fluffy homes,…[Read more]

Goro, didn’t mean to cause you offence, just stating that the assumed capital growth in mining towns appeared to be optimistic at best. If your company is not the mining town promoters, then my comments are not relevant to your particular company. House and land packages tend to be sold as a ‘solution’ as opposed to buying land and then building…[Read more]

Glad to hear they can move on, staying there may have been a daily reminder for them of the ill-will going around. There’s more to houses than mortgages after all.
Very sorry to hear your parents had to go through that, at least you’ve been searching for answers to help as best you can.

It’s great that you’re thinking about the end game now.
You might also like to find out about testamentary trusts if you’re concerned about estate planning, they activate as part of your will and might you help with passing on assets in the most advantageous way.

It’s not a black/white choice either, you can start off investing in your own name…[Read more]

I’ve seen their huge ads in property mags. Selling a solution, and focusing on areas in, or close to, mining towns from what I’ve seen. If it’s the same crew, the spiel also assumes capital growth forecast on sustained and growing demand for various mining commodities. Not my thing, so I haven’t got a lot to add here sorry, but the fact they have…[Read more]

Are you thinking of doing a creative deal, or is this for someone you know?

You can use options to control property, have a chat to your ‘Legal Person’ to find out the fine print and the clauses you’d want to put in there. You’ll need the land owner’s permission to submit the paperwork to plan and build, but yes it can be done as far as I’m…[Read more]

Whatever you end up doing, also consider the end game. Not only the impact on CGT exemption of your own home, but who the property will sell to. As an investor considering the purchase, I’d like to see that the great yield is backed up by attracting quality tenants, consistently. I’m always wary of mixing personal and investment decisions. Just a thought.

Hi JohnnyP

You have done a great job of getting two properties by the age of 21, and now you have exposure to market growth in that area. I’m guessing since you’ve renovated them and are holding them, you’re looking to keep holding them for the long term? If so, you’ve got many years ahead to see a few cycles of growth in Adelaide that will…[Read more]

I guess at the end of the day, they’re passing their opinion off as fact. Dangerous, yes. Outside their scope, certainly.
Couldn’t agree with you more about who to listen to, but so many accountants are narrowly trained that unless they’re heavily investing themselves, I wouldn’t go near them for structuring advice either!

August meeting: Tuesday 19th Aug, Civic Library 7pm

We resume our monthly meetings with a focus on getting the fundamentals right.

This month we’ll be hearing from one of our own attendees who has been studying furiously into the techniques used by ‘hotspotting’ gurus. Serena will share with us her findings, allowing you to leverage off her…[Read more]

Meeting date: Tues 17th June at 7pm
This month’s topic: Investing in USA, and Property Options

This month we are hearing from Dean McCormack, who has recently returned from the land of opportunity – the US of course.
He’ll be outlining his own personal strategy for starting to invest in the US residential market, and will demonstrate how he is g…[Read more]

May’s meeting: Tues 20th May at 7pm
This month’s topic: Goal setting and staying motivated

Lately we’ve covered many topics relevant to property investing, but this month we are going to get crystal clear about what our goals are, why they are the right goals for us, and how we are going to attain them, and learn some insider tips and secrets f…[Read more]