hi all

Call me a bit synical but if you sell rain jackets the best way to sell jacket is by saying its going to rain.
Just like real estate say its the best time to buy ( from me).
If there is a seller there is a buyer and if he’s a buyer he’s a lendee, next you will see a holden dealer saying all 5 year holdens should be replaced with a new model.
three things to ask.
1 Is the person giving the information into property developing (yes)
2 Is he selling his own properties (no)
3 If you do as he suggests is there any gain for the person giving the advice (yes)
I am looking at this from a sydney market place and as for growth yes if you want some crystal balling I think that within 12 months there will be a shortage of real estate in the sydney market and if that happens prices will rise but maybe aussie john is being hit by other lenders and as prices rise people shop around for value in finance.
I don’t know aussie john and have never organised a loan with his group but when a lender talks down a market there is a reason.
example
If you go to an auction the best way to get the lowest price is go to ever open house find large problems with the house that are not there ( that way the real estate can’t deny them then at auction tell the auctioneer that you still haven’t had an answer and watch people walk way less buyers more control).

This is a buyer market (here in sydney)if you want to get rid of a bit of opposition tell everyone that the wall is going to fall in or in this case that the market is going to drop.
If you know anything about the sydney market you should remember that pyrmont was going to have to be cleaned for years by CSR and the the meriton group bought all the land and released the whole area with no CSR cleaning as it didn’e need to happen and no other devepoler went in as it looked to hard (shame).
Swim out side the waves and watch the market. Currently rentals in Sydney are still climbing,
That doesn’t tell me unless Im looking at the figures wrong and I haven’t yet, that demand is increasing not decreasing the only problem is that investment is not there to cap the rental demand.
When rental gets over loan for product repayments then investors will come back into the market (but if you wait till then you will be to late)but then you have to have product to purchase hence price goes up.
The big boys are waiting for the same as everyone else and watch these figures also and I don’t think they are worried about Aussie John they are what they call land banking with site that are DA’d or in for da.
I think watch the activity of the large site in Sydney start to move around may to june next year at the current vacancy rates will be that time that rents will be over repayments.
example
Marrickville
1 br unit rental 6 months ago $240 a week current $310
2 br unit 6 months ago $300 a week current
$400
loan on $510K at 7% $700 per week
In marrickville there are no new 1 br unit approved and my site of 19 X 1 br units 1 x 2br is in da awaiting to come out,
The rental today would cover $230k and waiting for the rental to stop moving up.
buy the time I get it to cc and built I project that that rental of 1 br in this area will be above $400 per week 1 br and near to $600 2 br
If and when this happens the house price must rise
as there is no stock.
Simple supply and demand.

I have done this on Sydney market as I only deal in my market.
As for bounce back I can see it being a J if my projection are right.
This is not advice and should not be taken as such and not to be mean but the less investors in my market place the better I enjoyed it when then all went to Qld but they seem to be comming back which is a little worry.
So wilandel I hope that the property that you invest in does do well, as I wish all to do well, any investment will do well as long as your person fundimentals are right.

here to help

hi amazon196969
I agree with hellman the only thing I would add is that you must try to keep this out of the courts for both of you the only wins are the eagles and you both lose. talk to a eagle for companies and trusts as it would be easier to separate the properties into two separate trusts without major costs.
Think of this problem as a business deal and in that way its all about profit and loss
reduce you losses to both and if he thinks he will gain anything by going to court post who’s been to the family court and give him some of those horror stories and he will change his mind.
good luck not been there myself but I know alot who have and work out the best offer for you and negotiate a deal.
I would put lends on all properties so you have cash flow don’t steal it but put it in a safe place should it go legal as you will need alot of money.
This is not advice just help
sorry about any mistypes as i’m in a hurry for ameeting

here to help

hi yep
have a read at somersoft and gps network have a forum also so do propertytalk.com all free and are very handy to dropin and get some views.
one piece of advice I will give you and I’ve given it to the attendees at the sydney meeting.
don’t pay for anything unless there is a profit to you and that’s real profit not a profit in 15 years.
get along to acouple of meeting and have alook if in sydney there is a meeting on the 27th search under sdg or pm camder .

here to help

hi redwing
great post love the site only one problem a spruuker will buy it and start selling off it.
I think its agreat site and will let a few people, know good fun

here to help

Hi resiwealth
It was in the tele, just woundering is this the same group that has this little problem, from my understanding of there system it is very similsr to our old mate mr kaye just they are not allowed to advertise to make you a millionaire as per there site.
Haven’t got the article still but have alook at the old issues of the tele also I have got a couple of news article that get sent to me and it was in that, this morning
Just woundering was this the same group as the two women from qld that set this last little problem going maybe ask them.
If they arn’t and this is mainly business women then they will know all about them.

here to help

hi wilandel
have you got your license and were in qld are you.
maybe interested in a new kid on the block.
and roy the question was what is your job not your company,
dazzling wants all the nitty gritty maybe i’m reading it wrong.

here to help

hi suzieq
Sorry but this is why I keep saying the structure is very important from the start.
As richard has said put call options or caveats are put on at the start,
I just offer today on a property with either put call or caveat.
what was the deposit and what state, in nsw anything under 5% must be agreed as exchange or is classed as a deposit ( bit of a difference)
I would need to know which state and how you purchased or deposited the land, this will give me and one of the wizards here a chance to give you a light at the end of the tunnel.
Sorry but profit is not much good if half is taken because the structure is wrong.
The structure is very different between hold, flip, build and sell, or ppor.
and richard is right you can’t go back so write this off to learning.
As for cash flow short fall caveat lending is possible but suzieq don’t go down that track unless you understand how it works and its benefits (sounds like you need a broker give finamce friend or one of the sticks brokers a email and have a chat)( I call all perthez the stick I think it ok)
hope this is as clear as mud.

here to help

hi all
No the structure gets larger and a bit more complicated but the time line is on track.
I have planned projects that are waiting to come on line and some have already started as long as you have budjeted for expansion market movements are just that, As long as you have flexability with your structure and You know were your vehicle is going, 6 months 12 months shouldn’t and for me doesn’t make much difference its what you do in those 6 months thats the main game

here to help

they don’t like you.
I can.
maybe you shouldn’t keep putting sh-t on me and I wouldn’t have had to have you bard.
and your not getting any tim tam either so there

here to help