Hi Marty,

Might be worth a phone call – three different answers.

I got my figures from an OSR fact sheet. It is possible $352K is the figure for land owned as at Dec 31, 2006. Wake got her figures from an official letter from the OSR [bigeyes] – go figure.

Hmmmm – maybe they have mates rates for some…[Read more]

Hi Frank,

I believe Matt is endeavouring to establish a group for like-minded investors to network, mentor, etc rather than as a finding service.

All the best Matt – it looks like you are taking a big bite and going to chew like crazy.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Wylie,

Sorry I cannot help with a referral to someone who can help with the feasibility stuff. Recommend you post a question in value adding or something different forum.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by Wylie:
Perhaps someone needs to tell us to get the DA and onsell the block to avoid the hassles involved in actually building anything. I want to develop the block, but I don’t want to end up in the loony bin doing it, and it seems that going crazy or going broke are two definite possibilities.

Reading your post it would seem…[Read more]

Hi Wylie,

I am surprised that you feel the need to consult with an advisor.

Given the experience you have had in terms of property cycles I would have imagined that your would be well placed. I wonder what an advisor will add to your situation.

Do not imagine I am having a go at you it is just that I don’t see (reading your posts) a lack of…[Read more]

Ring some of the furniture stores in the area that sell furniture in your intended price range and ask if they have a home decorator service.

You may find these stores will send suitably qualified people around and make some suggestions for you that suit your property, your budget and also the likely tenants. It is something we do for purchasing…[Read more]

Originally posted by Carl.Alexander:
This will put me into extreme dept but i believe that this area is about to explode from my research.

Hi Carl,

There is nothing wrong with your plans and all the best for them.

I have copied a comment you made in your original post that needs some thought on your part.

Yes – you will be taking on more…[Read more]

Hi LW,

I am not a broker however if you leverage yourselves to the max you may be able to purchase another property. This onviously would be subject to serviceability tests too.

Whether or not this is the correct course of action is largely up to you.

Have you considered spending 12 months pouring as much as possible into your own home to…[Read more]

HI Jordan,

In brief strata titling occurs when a large piece of green titled/freehold land is broken up into smaller pieces of land – typically this occurs when a large block is subdivided.

Sometimes the redevelopment may see adjoining blocks redeveloped as a single entity and then each unit having its own ‘piece of land’

Practically speaking…[Read more]

Check out finance issues before you proceed to much further – you may find that this is a significant hurdle to overcome.

Not sure about this but it would be worth a quick phone call first.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Rob,

Not knowing a lot about the long term future of the mine at Ravensthorpe (driving distance to Hopetoun) I would suggest that BHP’s interest/involvement in Hopetoun will be directly linked to the mine life.

This quandry then leads to my next comment – $450/week in a mining town may be sustainable for a period of time. $450/week in…[Read more]

Hi Noysee,

I cannot help with the technical stuff. However I do suggest you identify the ‘broken links’ so the techies know where to look.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Marty,

NSW threshold in 2006 is $352K – note the threshold relates to the combined value of land held and not on an individual property basis.

See http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/landtax_factsheet_2006.pdf

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Turtle,

No problems – just like to keep people focussed on the big picture.

Just remember you are a long way ahead of many others who are still going to do something one day.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by Turtle:
struggling with the concept of freighting a couch to Kal!!!!

Kalgoorlie is a very large city and as such there are plenty of possibilities to purchase a couch in town. I don’t see a lot of benefit in freighting something in.

Focus on the big picture – let the small detail wash over you.

As an aside is a new couch…[Read more]

You got it Dazzling.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by Property WA:
One thing I was wondering though is if there was a section where investment oppurtunities are posted? Developments, OTP, even people finding IP’s online and posting the link for opinion.

HI PWA,

Steve et al made a decision some time ago that this ‘service’ would not be included in the forum due to a whole raft…[Read more]

Try this networking opportunity.

https://www.propertyinvesting.com/forum/topic/21084.html

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi ASB,

The point you raise is why holiday lets (and the like) are problematic as investments. Sure they may have ‘good’ cashflow but as you have found out some lenders see them as a risky proposition and will either lower the maximum LVR or restrict release of equity.

You may find that a broker can assit and be abel to find you a more…[Read more]

Originally posted by leewizza:
Also,
Any reccommended reading material would be greatly appreciated. On how to start our portfolio without haveing a cash injection and only $40k equity in our PPOR.

Hi LW,

Recommend a read of stuff by Peter Spann and Jan Somers – while they are different perspectives on property investment there are different…[Read more]