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  • Profile photo of Evan12Evan12
    Member
    @evan12
    Join Date: 2007
    Post Count: 7
    December 11, 2007 - 9:52 am

    Thanks hleung, it seems Dixon is based in Qld.

    Can anyone know or  recommend a quantity surveyor based in Adelaide?

    cheers,
    Evan12

    Profile photo of Evan12Evan12
    Member
    @evan12
    Join Date: 2007
    Post Count: 7
    December 7, 2007 - 12:24 am

    Hi Rich,

    I've been in to that position before, to buy rental property in Munno Parra with a guaranteed rent for 6mos. off the plan
    It's good actually but you may want to consider the value of the building
    For what I gather, the land cost in Munno Para is around 90-100,000 at most, so you'll be looking around 197-200,000 for the building… I'm not sure, but I guess the lender's evaluation will find that expensive building cost expensive.
    But of course you can check that with your lender.

    I'm interested how you go with you this one, we're also looking for investment somewhere in north area.

    The location is around the area for defence, so you may attract tenants who work there, plus the mining boom on northern area.

    All the best.

    Profile photo of Evan12Evan12
    Member
    @evan12
    Join Date: 2007
    Post Count: 7
    November 28, 2007 - 12:09 am

    Hi Xenia,

    I was looking on your website. I wonder if you also provide service or help regarding building. We already have held a land and waiting for settlement mid of December.
    I've been to some seminars where they sell off the plan with guaranteed 6mos rent, but our lender's evaluation found the building cost more than normal so we didn't push through.
    We decided to purchase a land then build.
    I'm interested to know what things we should be considering in building to maximise our benefit (eg.  floor tiling cannot be depreciated unlike vinyl or laminate flooring).

    Any thoughts/suggestions from anyone in the forum, from your experience much appreciated.

    Xenia wrote:
    Hi Eller

    I know Brisbane has alot of potential but do not know any specific details about it.

    We only invest in Adelaide because we know it well! There are many things happening here which signfify higher growth in the real estate market. There are also some places with huge potential that are below the median price for Australia.

    Have a look at http://www.adelaidepropertyfinders.com.au for some information and all the best!

    Profile photo of Evan12Evan12
    Member
    @evan12
    Join Date: 2007
    Post Count: 7
    November 23, 2007 - 3:46 am

    Hi Eller,

    I'm also new to this forum and just starting to invest on property.

    I found this forum very helpful.
    We're (my husband and myself) looking on Adelaide to invest, primarily because we live here and that makes it easy for us to see how it is going.

    Please correct me if I'm wrong (but be gentle please) :  Adelaide is considered a designated area, so migrants coming in to Australia may have better chance to get approved if they choose Adelaide as destination? Therefore, demand for housing in Adelaide will rise? Opportunity for investors like you (us)?

     

    Profile photo of Evan12Evan12
    Member
    @evan12
    Join Date: 2007
    Post Count: 7
    November 11, 2007 - 10:06 am

    Thanks for your advice and for the info projection of the growth in that area.
    We placed hold on a block of land and looking forward for the contract.
    We plan to have this investment on Interest only, whether fixed or variable we dont know yet (which one is better?)
    We might also re-structure our current home loan from variable offset into fixed and variable (so we can still offset to portion of the principal).

    Does anyone can recommend builder? who can deliver quality house but not so expensive?

    cheers,
      Eva

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