Forum Replies Created
Which state – which locality?
Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
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Skype – derekjones2113Hi Nathan,
Without seeing the comment in context and not being able to read Steve’s mind I would suggest that Steve was saying sometimes there are more important things to consider, one of which is ensuring you and your loved ones’ needs are adequately catered for.
I suspect someone felt they had been ‘wronged’ and was seeking some degree of compensation and maybe they had lost sight of some of the more important things in life.
My guess only.
Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113Originally posted by Simon C:or perhaps a few dollars each way?
A few each way. About half loans fixed – half not.
Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113Originally posted by joytony:Say land price become half price?
I believe (with a certain degree of certainty) that will ‘never’ happen.
Check out this story http://www.smh.com.au/articles/2006/08/19/1155408071213.html?from=top5
The Sydney market has cooled for the last three years in succession – it has not crashed and I suspect that (subject to interest rate movements) it has reached it’s ‘bottom’
Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113HI Cata,
You are a fool.
Do you realise that y posting this email here you have given up a possible US$825K windfall and potentially diluted the returns to US$22K/head (and falling) distributed equally amongst those who read this thread.
At this rate the scam will be worthless ………………………ooops – I just realised what I said – it is worthless.
Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Sarah,
“I currently have $7000 in the bank, earnings of $66,000 and a personal loan of $28,000. Currently I am saving $1000 per fortnight.”
For what it is worth I believe there is a lot to be said for addressing this debt first – based on figures provided you could make a huge dent in this debt in a year, thereby placing you in a much stronger financial position.
A personal loan is non-deductible and as such will be a drain on your finances as long as it remains in situ.
Sure this means that you need to take a big breath but sometimes a little backward step to stabilise what you have is not a bad thing.
Tackle this debt head on and then move onto stage two of your investment journey – the actual investing. Spend the time between stage one and two learning and learning and you’ll be surprised how fast time flies – especially when you have an end point in sight.
Derek
derekjones1@bigpond.com
The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Interceptor,
Coincidentally I have just finished reading Michael Matusik’s latest snapshot. In it he discusses, at length, the Queenslnad residential markets. Some of the key points he makes are;
1. Last year Qld remainined the strongest growing state in terms of population. 75000 people moved into Qld of which 33000 moved into Brisbane – second to Melb.
2. In 2005/06 118000 fulltime jobs were created in Australia of which 43% were in Qld.
3. SEQ contributes 11% of GDP.
4. 5 mill people projected to live in SEQ in next 50 years.
5. Rental vacancy rate in Brisbane is 1.5%
6. Brisbane market is undersupplied at present by the equivalent of four months.
7. 62% of Qlders think that now is a good time to buy property.
8. Median prices grew by 3% last year in Brisbane.
9. Weekly rents (using two bed apartment as barometer) grew by 11% in Brisbane.
10. Sales volumes up by 82500 over 2005/06In the same issue Matusik does raise the issue of ‘affordability’ and the constraints that may play on some sections of the market.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Anders,
I suggest that you do a ‘google’ search. You should be able to investigate model numbers and specs via google.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi John,
I believe the Perth market is well and truly overheated at the moment and unless you are prepared to invest for the long term (and ‘know’ with a degree of certainty that the next few years will be slow) then Iwould look elsewhere.
Affordability constraints are looming and the current market is a replica of eastern capitals in 2002/2003 period. Some of the investors and home owners who purchased at the top of those cycles are now sitting on negligible growth, or in some cases negative equity.
While ‘time in’ is important do not overlook ‘timing’
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Originally posted by george1955:Although i accept full responsibilty for what happens to me in my life
It seems you have – the other party hasn’t.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Originally posted by george1955:I am only offering him half the money now
No – wait until you receive legal advice.
An ‘offer’, even of part payment may be seen as acknowledgement of liability. This needs to be determined first.
I will also add that all communications to you from this person should be through your advisor. You may be surprised how innocent written or verbal comments you may make can come back and bite you.
Finally, take on board Cata’s comments.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Dave,
The ones I have seen run up to 21 pages and include details such as;
Background/Introductory Information
Back ground – research process and findings, costs, dates, architect details, total dollars involved.
The property – aerial shot, location details, surrounding streets, thoroughfares, site details, zoning and land area.
Town Planning – feedback
Nature of Proposed Development – no of floors, residential or commercial, no and size of properties.
Development Timing – Key dates and schedulesProject Feasibility
Development costs, interest costs, acquisitioon and development costs, GST implications, projected sale prices & background behind the projected sale prices and financial summary.Equity and Funding Structure
Disclaimer
Site Plans for each floor
Timeline Calendar.
Marketing Appriasal by REAs
Feasibility Study – ALL the numbers
Equity / Profit Projection Numbers
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113I believe http://www.navra.com.au or http://www.navrainvest.com.au may be of interest to you.
Note they are growth orientated more than cashflow orientated although they do have strategies to manage cahsflow.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi CJ,
I have moved your post to accounting section and changed the title to something that reflects the direction of your post.
In the meantime you can use the forum’s search facility for previous discussions along these lines. The search button is located under the forums button across the top of the page.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Brendon,
On the information provided in your post – your accountant is spot on.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Kaz,
Is it the Central Equity ad in the weekend papers of late that has caught your eyes?
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi Jomari,
I am not sure if this is what you are chasing – butit may help.
http://www.propertyupdate.com.au/articles/96/1/Property-Market-Update—July/print/96
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi all,
Before responding to the ‘question’ please be mindful of Steve’s request as follows;
” Hi,
Just a short note to say that in future, posts that denegrate Neil Jenman will be immediately removed.
In short, while Neil sees fit to unfairly attack people’s character to promote his business, I won’t allow the same to happen here for risk of being on the same low footing.
As such, I request that we limit discussion to the merit of his property techniques (as opposed to his character) and whether or not Jenman agents are able to provide the service they state they can.
This response is not as a result of a legal letter, it is simply a choice to avoid any sort of personal jibe about anyone.
Regards,
Steve McKnight”
For those of you who want to know where this quote came from please refer to this thread:
https://www.propertyinvesting.com/forum/topic/17999.html
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113HI Mc,
I think you posted this article in the wrong forum – it should almost be in forum frolic.
A large song and dance for …………………………….$36/week.
He is seeking to refinance on two $500K loans seeking cheaper money. If his broker is any good he will be on a professional package (where rates are competetive anyway) and I assume he will have to pay mortgage duty and fees in order to find a cheaper lender.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113Hi TSG,
You are the only one that can answer your question as we do not know enough about you, your finance, your plans, your timelines and so on. All of these factors, and others, will influence your decision.
For me you need to go back and work out why you bought this block of land, is the block delivering this aim (or not)?
If the block is delivering (and you can afford) it then hang onto it.
If the block is not delivering – then sell it.
If the block is costing you too much then sell it.
As for the build options – you need to do your sums. Work out the cost of building, required additional funds, capacity to finance the additional funds (and meet repayments), expected rental returns, vacacy rates etc and then use maths to work oout you plan of action.
Different people will do different things and your choice needs to suit you and not us.
Derek
derekjones1@bigpond.com
http://www.mononpoly.tic.com.au
0409 882 958
Skype – derekjones2113
