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  • Profile photo of jackyngewjackyngew
    Member
    @jackyngew
    Join Date: 2010
    Post Count: 6

    Hi Paul

    I've taken the liberty to visit your website. At this point, I'm interested but also a little confused on how this works as there's an example yet I cannot quite the idea and need a little hand holding to understand this.

    One thing I need to clarify is that the investors are not locals but overseas investors. At this point, I'm in collecting proposals for them as I'll be their point of contact for projects and investments in Melbourne (they have others in other city).

    Let me know a little further as the investors can still be interested.

    Cheers
    Jacky

    Profile photo of jackyngewjackyngew
    Member
    @jackyngew
    Join Date: 2010
    Post Count: 6

    Hi Matt

    You are absolutely right and I did noticed that Australand and Oliver Hume seems to be the major player in land acquisition and obviously I am rather new.

    Currently, the investors are overseas and will be coming onshore visiting possible proposals in Adelaide, Sydney, Brisbane and Melbourne. One of the investors have already invested in a mine (not sure if it's coal or steel).

    What kind of "parameters" do you need to understands their need?

    Matt007 wrote:
    Hi jackyngew
    Your question is the same one asked by developers such as AV Jennings, Mirvac, Australand, Austland, and so on and so forth. Tracts of land of that magnitude, in large part, has often been already land banked by development groups such as those I've mentioned, for future development. Other tracts of land that are of that size if not already landbanked, are not zoned appropriately or are rural/farm land and can't be developed in the manner I think you're seeking.

    There are, however, a number of large tracts of land that have undergone subdivision or had development started in the hands of receivers/agents, that may suit your purposes, if you have someone on board who can do the feasibilities and demonstrate highest and best use of the land you're considering. That might be a less frustrating and more available source of projects for your group. I know of a few people who may be able to assist on that front if your group has more specific parameters etc.

    IT all depends on their level of investment, their apetite for risk and expected returns etc.

    Matt.

    Profile photo of jackyngewjackyngew
    Member
    @jackyngew
    Join Date: 2010
    Post Count: 6

    Hi JacM

    Thank you for your suggestions! You're mostly right and first of all my apologies. I just realised I left out my partner side of income. She make about 55k p.a.
    By the sound of your suggestions, seems like there'll be very different suggestions now

    Hi christianb

    Thanks for your suggestions. Seaford seems like a good name :)

    West Heidelberg was part of my consideration but not sure the rentability of that suburb tho.

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