Hi Pud,I was recently surfing http://www.realcommercial.com.au and noticed a lot of 'Management Rights' for sale. Not sure if it's the same thing, but it sounds similar to what you BC could be giving away.Check this…[Read more]

Hi Chris,Thanks for your post. I'm interested in the idea of renovating commercial property to increase the rent – therefore the value.With residential renos there are some pretty standard items such as kitchens and bathrooms that can have big bang for the buck – are there similar areas of focus for commercial renovations?Also, I assume that the…[Read more]

southeastoz wrote:

Wealth Accumulator wrote:
HiGetting a uni degree is about providing choice in the future. I have a client with net worth over $3 million who is frustrated by the fact that he never did get a degree. It shows commitment – and helps lateral thinking.I worked three jobs when I did my undergrad full time.You can do it if you…[Read more]

I've heard of dual occupancies being put through as granny flats, where the full dual occ wasn't permitted, but a granny flat was.The other thing to consider is your target market. I have an IP with a granny flat, and at first I thought that I could get 2 independent tenants in. The problem with this is those most people don't want a stranger…[Read more]

hgwells wrote:
Daedalus,  More to the point, do you know anyone able to do a reno like that for you?  I too would like to do my two places there up a little, both are high sets one has been done downstairs several years ago and needs work, the other one is only half filled in with gaps still and a bathroom started but with only a toilet.  Can…[Read more]

With the prices on the up, I'm thinking of doing some improvements on my Dysart place. Probably a kitchen/bathroom/builtins + deck reno. I'd be extending the deck – does anyone know what the local council is like to deal with for that kind of thing?Cheers,Daedalus

BuilderBob wrote:
If only I accepted some houses at Dysart when they were virtually giving them away ..lolNot a hard call for API to predict with the amount of mines starting in the area and the distance to Mackay/Rocky

My hindsight is always 20/20 too Looks like the asking prices in Dysart have jumped about 90K in the last few weeks – no…[Read more]

BuilderBob wrote:
Daedalus I was speaking with United Group and Leightons about Dysart and they stated just a few weeks ago there was a number of houses that went to auction.  The auction was for rent not sale and some houses fetched $1100 per week.I never recalled seeing any houses that were worth $1100 or actually of any better value.As you…[Read more]

Indeed! That usually happens with speculations that I decide not to go with…Daedalus

JL wrote:
If you are after mining towns why not try south from QLD and check this out.  Iluka mining has requested expressions of interest for positions at the new mine intended to open in Northern Vic late 2008.  The two towns closest still have property at around $70k.  Maybe a bargain to be had?http://www.iluka.com/?page=mbsexpressionsKind re…[Read more]

For anyone who is interested, I ran the above ad and attracted a high level of interest. I ended up selling in just under 4 weeks in a cooling market.Ironically, even though I targeted investors, the buyer was a first home buyer and will move in when the current lease expires.Go figure.Daedalus.

Hi Tony,Welcome.There's a difference between investment and speculation, although a lot of people can't really tell the difference. With an investment you are buying an income. With a speculation, you are putting some money down in the hope that it will become more money at some time in the future. This amounts to 'taking a bet'.Whether one is…[Read more]

Hi GlenNess,When I visited Clermont, it didn't seem as gung-ho as Dysart and Moranbah, although I've read recently that there is some new major mine activity in the area. Clermont is also a rural centre, so you are a bit diversified. Having said that, the yields were lower when I was looking about 8 months ago.With regard to investing from a…[Read more]

I don't, but I think Bob does Daedalus.

Hi MAK,It's hard to tell, because it's a small market. However, from discussions with REAs up there, tenants will prefer properties with better facilities. In particular, entertaining areas/decks etc seem to be popular. So this would give you an edge in attracting tenants and higher rents. This would have to be an advantage, although you'd need to…[Read more]

Hi Steve,Another thing I meant to ask at the conference about this stuff…I got the impression that your marketing was based on a sale by vendor arrangement – i.e. not using an REA? The property that I'm selling is in another state, so I can't easy arrange inspections etc, and importantly, do the selling. Therefore I'll need to use a local REA.…[Read more]

Thanks Steve,I really appreciate your feedback. This is quite an interesting process. Here's my second draft, hopefully it has a bit more bite Want a high-performing, low stress investment?This one ticks ALL the boxes – it's a high growth, hassle-free investment for a smart investor to snap up fast.The 2BR, 2-storey townhouse in a small, private…[Read more]

Hi Mel,Congratulations on your article, by concidence it was on the table next to me when I read your post. You are off to a great start!The Middlemount development is being built by Dale Shearer, although I don't know how it's going. It was in very early stages when I saw it in January.You would be in a great position to understand the mining…[Read more]

Moranbah is a much bigger town, around 11000 people I think. Dysart would be under 4000.Moranbah is not as central, but yes, closer to the coast (a little). It is between 2 pretty large mines.Dysart is further from the highway, but centrally located amongst a larger number of mines and smaller mining towns. It not only provides accomodation for…[Read more]

BuilderBob wrote:
YES  INCREASE THE RENT..LOL!  Thiess are desperate for accomodation and they would not dare put their  "High ranked staff " in the Mac camp.They informed me they had 250 men starting and had 6 rooms to share..lolI'm guessing you have Clint the forman of earth works staying there?  If so tell him he still owes my men some car…[Read more]