Thanks for the feedback, definitely thinking about going ahead with these, there are quite a few units in the complex that are available, I can’t buy them all though. As I said, I’ve put together an info pack on these, so if anyone else is keen on having a look, more than happy to share my investigations with you.

D.

Gary,

I can recommend our mortgage broker, his name is Graham Evans, he’s been an investment banker so has a good understanding of what banks are looking for when analysing investments, helped us out when putting some deals to the banks to get finance, also dealt with many other property investors from the banks side and from the investors side…[Read more]

Sounds good Dave, I’m definitely keen.

Mate,

A very broad question, different strokes for different folks.

All my ties are silk, patterns vary including plain colors, stripes, dots, zig zags, pinks, blues, whites, etc. I’ve got a heap of them.

I think that your type of business is going to be at the mercy of the ever changing fashion industry, the ties that I bought last year aren’t…[Read more]

I suppose that Carrum has leveled out with most of Melbourne after the big peak, the benefit that I see with the suburb is the water, they aren’t making anymore ocean.

Milly,

my step dad put in a timber deck, more a floating floor over a concrete area next to his spa, the area is probably 5m by 5m, from memory it cost him more than $5k and we did all the labour.

It will vary depending on the decking area, the height of the deck, the type of timber you use, roof/covering, hand rails, etc.

If you’re in Vic, my…[Read more]

Perhaps I missed something that Sue didn’t, but the deal looks pretty good to me. Assuming the following is correct:

Purchase Price: $17,000
Deposit: 20% (3400)
Loan: $13,600
Interest Rate: 7.65% P&I for 15 years
Property Management: 7%
Rent: $100 per week

Annual Outgoings
Annual Loan Repayments: $1526.88 (roughly)
Annual Property Management:…[Read more]

SG,

Some other things that you should consider are:

* Duration of the subdivision process, these will vary greatly from council to council. For example, I’ve just had one be approved in 3 months, but another council I looked in the waiting time was 12 months. So I could potentially get 4 subdivisions one after the other through the first council…[Read more]

Hi guys,

Apologies for the delay, I’ve been traveling with work and have been offline. Heres a link to the calculator:

http://www.brdpropertygroup.com.au/buyandholdcalculator.htm

This will calculate yields, cashflow potential, etc.

Please note that this is still a beta version of the calculator, I’m pretty happy with the results so far, but if…[Read more]

Hi Chris,

I’ve got a few calculators on my website that do these sorts of things, I’ve got one for renovations (buy, reno, sell), one for cashflow (buy, rent, hold), one for development (buy, plan, build, sell) and some others.

If you can let me know which one you’d like, I will gladly send you a link.

Dave.

Melbourne apartments are a bit of a roll of the dice at the moment, a lot of people got burnt buying the apartments off the plan and then realising that they weren’t worth as much as they thought once completed. Primarily due to the sheer number of inner city apartments being built (Eureka, Freshwater, Docklands, Tribecca, etc), plus it doesn’t…[Read more]

I can’t say that I’ve looked into this sort of investment, my first question would be “Why are you investing”? One of my main concerns with this sort of investing is the lack of capital growth, sure you get 7.5% net return, but are you also going to get capital growth?

Wouldn’t it be better to find a property that can return you 6% return on…[Read more]

Paulusi,

I suppose the question is what are you trying to achieve, if your goal when you started investing in property was to generate $100 k, then congratulations you’ve achieved your goal, take your cash and relax in the knowledge that you’ve achieved what you wanted to achieve, however if your goal is to generate $1 million, then maybe you…[Read more]

Leila,

My brother may be interested in this, I’m just around the corner in Heathmont. Could you drop me an email with some details on the property and also if you’ve got a budget set, and you contact details so he can get in touch with you.

D.

If anyone has access to a copy of this article, it’d be greatly appreciated if you could please post it on the forum, or otherwise email me a scanned copy.

Thanks in advance.

Dave.

I agree with Terry on this one, plus you should also factor in the costs on your time and the inconvenience. If you sell it yourself you’re going to have to find buyers, advertise, have open houses, make/return phone calls, draw up a contract, negotiate, etc etc.

I usually stick with the rule of pay professionals to do what they do best, I don’t…[Read more]

Interesting Dr X, the agent told me that legislation passed in June 05 (in VIC) allows them to pay a 20% referral fee to any person, previously they were only permitted to pay this referral fee to another again.

Not 100% on the date the legislation was passed, but in Vic this is the case.

I suppose its a case of do your DD in your state and…[Read more]

Hi Novo,

Check out this forum post, https://www.propertyinvesting.com/forum/topic/18300.html.

My advice, steer clear, do your own research and find yourself a good deal, but it is an easy way to invest, but most of the cream has been taken out of the deal.

D.

This has been a topic of much discussion on these forums, one thing that I did find out is that you can be paid a reference fee from a RE Agent for finding them a buyer, speaking with a local agent here, the fee is generally 20% of their commission, so on a $300,000 property, assuming the agents fee is 3% ($9000) then you’d get paid $1800, not a…[Read more]

Hi Dragon,

Your requirements are going to be very much dictated by what your goals are. I’d suggest that you talk to a solicitor regarding your requirements and also your accountant. You need to be careful how you go about things. For example if you set up a certain type of trust/company, you may not be able to distribute losses (if you’re…[Read more]