Thanks dazz and mike,

Rental estimates from agents in the area for each unit once reno. are probably more like $300-350 p/w. Which still only takes us up to the 128-145k p/a (giving only 3.8-4.6% yield range).

So yes, we would definetley banking on strong CG in the area, which has always demonstrated well above Melb’s average gains.

I had…[Read more]

hi debtdogg,
to answer your question.

i have done it several times in outer Melb (30 kms approx) and my smallest block approved is 290m/2. (With a 3br single storey house and small yard).

iam far from an expert in this area. but iam learning alot from my excellent draftsmen with each subdiv. in fact as ‘thebuilding surveyor’ pointed out. i…[Read more]

HI GAV,
I HEAR YOU…FRUSTRATING AS ALL HELL. I DON’T HAVE ANY ANSWERS AT THE MOMENT. BUT BELOW IS A COPY OF MY POST 21/03/05. (TO WHICH THERE WERE NO REPLYS). IF THERE WAS AN AVENUE WE COULD TAKE. WHERE WE CAN MAKE SOME NOISE ABOUT THIS, REGARDLESS OF WHICH STATE IN AUSTRALIA YOU LIVE IN, IT WOULD BE BENIFICIAL FOR ALL PROP. INVESTORS. ALL…[Read more]

hi leo,
in simple terms.
P&I pays off the intrest owed on the loan as well a portion of your principle (or original cost of property).

IO is exactly that. You are only paying the interest on your loan. So at the end of term (ie 25 years..) you WON’T own the property outright.

Each to their own.But…

P&I repayments are more per instalment but…[Read more]

hi bom, i dont anyhting about NZ IPs, but John and Rhonda have a few stories and may help. You can email them direct from their website.
cwireach.com

in addition to minimoguls thread
hope this helps you [blush2]

Wow arni!
When was your accountant going to tell you that?
That is a huge oversight in my opinion. Or did you only tell your accountant after signing the docs?

Anyway… try and do everything in your power to get that extension. Even if you have to offer a small cash incentive (to the other parties).

Otherwise you will have to just put it down…[Read more]

yeah well done richmond!
good to hear success stories.

I had the same warm and fuzzy CG feeling from local media articles after I bought in Yarraville, Victoria some six years ago.

cheers
[biggrin]

thanks for the new grin Brent,
i hope that was sutbly aimed at dazzling?

[chill]

hi melc,
i was at the same class so i can only assume you mean John and Rhonda maybe?

if so email them from their website
cwireach.com.au

hope this helps?

good luck![biggrin]

agree dazz!
Neo, you need a strict back up plan. Make sure the unexpected drama of extra costs….is expected by you. As far a contact details.My tentants have my email first (for minor queries only) and my mobile for any major dramas that may occur. But I am ready (financially) in a hearbeat to outsource it to a tradesmen, PMs etc.., should this…[Read more]

hi turbo,
i agree with GGG and others. If you unnerve with firm, loud and confident bidding, it can put you in the box seat. Even though it is for you PPR, dont buy emotion. Buy on the facts. This will also help calm some nerves on the day, as an auction can become bit daunting, if you let it.

(ps; A rule of thumb seems to be the Trustee props.go…[Read more]

hi salla,
I have used “Sydney Bluegum” floor boards on several IPs and it works a treat, look good and has so far been hard wearing. It has the deeper mahogoney richer tones than others. You may pay a slightly higher price per sq m. But I think its worth it.

Bought it from a timber yard in Dandenong (VIC) but I am sure you can get it anywhere in…[Read more]

profitman,
did attend on Sat. in Melb.

Great day, learnt alot in short time. Brent also talked about NZ and he was an eye opener.Two Mappers got up spoke of there journey. Mark Unwin was good re; accounting, trust, CGT etc..

Well worth the ticket price. I will go again in August 05, but i will get a ticket for wife aswell, since she is paying…[Read more]

C’mon there must be some WESTERN BULLDOGS supporters who are into Property investing??!![blush2]

Go Doggies

Woof, Woof, Woof!!

Hi markeddy,
Having a done a few subdivisions in the western suburbs, on corner blocks, but the general rule of process should be the same. The process I have followed was:

*Find an licensed Land Surveyor first. To draw up your land/block measurements. Try and find one that is experienced in that council/region/area which is important.

*They…[Read more]

Melb masterclass was well worth it!
good to see some of us doing their allocated “homework” (I am a bit late)from the Melb masterclass on Sat. Had a great day. Learnt copius amount of info. The only negative thing for me to come out of the day?……I didn’t buy a ticket for my wife. I will have to wait until the August class. Now I have alot of…[Read more]

I agree guys, Melb masterclass was well worth it!
good to see some of us doing their allocated “homework” (Iam a bit late)from the Melb masterclass on Sat. Had a great day. Learnt copius amount of info. The only negative thing for me to come out of the day?……I didn’t buy a ticket for my wife. I will have to wait until the August class. Now I…[Read more]

ok ok,
try this tenby,
you pay for this service but well worth doing the research. i have constantly found myself refering to this site when looking for medians, growth areas etc…

http://www.propertyvalue.com.au

[cap]

hi tenby,
nice try!!!!

i think i like the way you think….

all i can say is that after all busting my gut and enduring many sleepless days and nights doing research and self educationg myself on property locations. i would feel deflated if i had to give it all up to you just because you are new to this and want the lastest inside news on growth…[Read more]

ok ok,
try this tenby,
you pay for this service but well worth doing the research. i have constantly found myself refering to this site when looking for medians, growth areas etc…

http://www.propertyvalue.com.au

[cap]