Thanks for the update. makes me wonder if its too late to buy now….contemplating between Gladstone & Mackay!Jd

Thanks Peter. i will email u

Much apprciated Josh. Not all propeties in the development are neccesarlity NRAS approved – it can only be part of the development, in this case the development has 2 bed & 3 bed villas, with only the 2 bedders NRAS approved.Thanks for the info on land n house, are there any specific suburbs you reccomend. My preference is to buy something built…[Read more]

Josh, do you have any info on the dwelling approvals – unit approvals in Gladstone, could there be an oversupply issue, specially wiith the CBD units !!thanks

Thanks for your thoughts Josh. My current portfolio has  investment property in Syd, and i do the occasional small development (dual occ etc. ). now that i have built some equity in my portfolio i wish to invest with the objectove of cap growth & tax minimisation. With regards to NRAS, the benefits of renting it out to a 'approved pool' (income te…[Read more]

Hi JoshCan you please offer advice on –  Gladstone vs Bundaberg vs Mackay. I'm NSW based and not overlly familiar with Qld market, but have been looking at few NRAS properties…there's one being offered for $270k (2bed villa) in Bundaberg. But thinking if its worth investing in Gladstone or Mackay…I can go upto $400k.Im a newbie..thanksJD

There is an exsisting dwelling on the block…the consent requires 'construction of drainage works' (including interallotment), …one option is to sell 'land only' or build duplex and sell house and land.thanks,

Thanks, I will get in touch.

Mubz.,the important thing is that you need to 'know,(realise) what your strenghts will be in your venture for say developing duplex site, i.e what will you bring to the equation, -1. will it be  site aquisition (local knowledge,relationship with agents etc.2. is it your technical skills – architects, town planning, etc.3. Finance -4. project…[Read more]

Hi Mubz.Happy to share my experience,….i bought a corner site in 2003 (when the market peaked) and subdivided it into 2 lots and built 2 houses whihc were completed in 2006..(i had lived in the exsisting house for a year before demolishing).  i'm not a builder but work in the building industry and had few contacts, but over all i did'nt make…[Read more]

Thanks Scott

Susie,Its not just the exit fees, you also have to look at the LVR, i'm at 90% , so i'll have to pay LMI again to switchover.but i think it might still be worthville shopping around!  Richard, your thoughts and advice will be appreciated.Thanks,Jaidee

What happens to exsisting GE clients? unfortunately i'm one…have my IP with them,,,worst to deal with (both $$ and service)Thanks,"You LIVE …..You LEARN"

Thanks.I have been adviced  by the council  that the lot cannot be further subivided for selling each duplex seperatley…so i;m hoping I can strata them and sell each duplex seperately.  Do you know if a legal expert would provide this service/advice?

hi Tania.. hav'nt dealt with Metricon……..Just some general advice, get a list of their recent clients for reference check and give them a call. the important thing is you go through the contract thoroughly and understand implications of making variations, any extra charges etc.All the best,