Hello Gary,

Good thinking.

This is exactly what’s happened to a neighbouring area.

Click here to see…

I brought these plans to council and they confirmed this could be achieved.

They mentioned that trees that had circumference greater than 2 metres needed council approval but apart from that everything seemed good.

So purchase price for…[Read more]

Hi Sarah,

What type of real estate agent are you looking for and in which area?

You’ve got Sales Agent that specialise in certain areas that can get the biggest bang for when it comes to selling your property

You’ve got Rental Agents that can manage your property to maximise the yield, reduce vacancy rates and ensure you have the right…[Read more]

Another interesting find in the area:

Click here to see

New property being sold for $300k (thats probably the fifth I’ve seen so far)

Maybe there is a market for new houses in this area (5th one I’ve seen sold for that price range so far)

Just found a duplex thats recently been sold for peanuts…

Click here to see

If we can rent it out for $190/week rent without further works, thats 17.8% Yield

I wonder who the buyer was…

Hi Ethan,

That’s no problems at all.

The duplex was in Elizabeth South SA, and the area seemed pretty rough when I visited.

Rubbish and mattresses lying in the front yard of some houses, road signs being pulled from the ground, and the duplex had been broken into the week before with a squatter found inside.

Based on the photos posted online…[Read more]

Hi Ethan,

That’s no problems at all.

The duplex was in Elizabeth Downs SA, and the area seemed pretty rough when I visited.

Rubbish and mattresses lying in the front yard of some houses, road signs being pulled from the ground, and the duplex had been broken into the week before with a squatter found inside.

Based on the photos posted online…[Read more]

Here’s some photos if you are interested

Click here to view

I was under the impression that you needed to live there at least 6 months continuously and had to have proof of being a resident e.g. Bills, and that if you rented part of the house you could only claim a partial CTG exemption.

Maybe main residence is different, but my guess is that if you do this multiple times, within a short time frame, the…[Read more]

@Terryw: I’m not ready to make an offer yet… Was just gathering information on how to proceed with the execution. I’ll probably have to contact the agent to find out more information about what the vendor’s needs are and tailor an offer to suit them. All I have is the form behind the property brochure, but it only gives you one option for offer.…[Read more]

P.S. If you are wondering about the ‘inclusive of costs’ part I read it from the Siacci System:

“The $210,000 was actually inclusive of costs, that is, it included stamp duty and legal expenses.

The law simply states that when a title transfer from one person to another that stamp duty must be paid on that transfer. What the legislation does not…[Read more]

Thanks Terryw.

Can I book a session with you or is there still a big waiting list?

Hi Ethan,

Yes, I think $720k is an offer that the Vendor would take into consideration, as he would like to move on and focus on his hospitality business where his returns would be far greater.

The units are separated by brick veneer, and a local builder is confident that the floor is concrete – however the only way to be 100% is to pay the…[Read more]

Hi Tony,

Thanks that would be great. I think a really good property manager would be essential in that area.

I was initially looking at Duplexes around the Elizabeth returning 9% yields, but it looks like there are plenty of other opportunities out there.

I’ve been astounded by how some properties have been sold for 71-82% of original listing…[Read more]

Here’s another strange transaction

Kulbina Dr

Anyone have any clue what’s going on?