Forum Replies Created
I have to agree.
I don't think people fully appreciate five things.
Firstly, the settlement pattern of the world is what it is because there is natural advantage at those locations.
Two, human built infrastructure is consequentially now also loaded into those areas.
Third, Australia looks big on the map but so does the Sahara Desert. Major parts of Australia would require huge investment to build conditions similar to what the areas we can live in provide.
Fourth, world population is growing at a rate so much faster than it did in the past, and so whatever you thought was normal 30 years ago you need to reject and reassess.
Fifth, there is no political agenda to stand between that world dynamic and Australia.
The fundamental demand for land in Australia is going no where other than up.
Here's an oldie, the price divided by 1000. When I was young I was told "Never pay more than 1000 times the rent they are getting".
Get all over this:
http://www.housing.nsw.gov.au/About+Us/Reports+Plans+and+Papers/Rent+and+Sales+Reports/
Polk around here (Brisbane but …):
007,
When you say call option what are the formalities for locking down legally such an option? (Contract, Caveat?)
Is there a usual way that an owner of a property would be approached to make an offer to enter into a call option over a particular property?
What sort of terms would be in such an offer?
What are the key things to getting development approved?
Review house prices in China, multiply it by 80%, put deposits on off the plan apartments at that price in areas Chinese are buying or with projects aimed a Chinese buyers. As unemployment rises in Australia its probably your safest bet. But that's all speculation of course. And 20% is a big ask on the back of a cycle.
What is more important is your system for your investment selection. What data sources do you use for rents, property values, planning decisions, and demographics?
I scan but then place documents up on the net, but to be honest with you the only value I have extracted so far from that is getting a phone number of a plumber I had used when out and about. Though if you need to be audited having docs in electronic form might be able to extract some efficiency – I wouldn't know.
The volume of transactions in owning property is low, the value of some documents is high, therefore most systems, as can be seen from the responses here, are likely to be excel (because you can share calculations) and manila folder (because you have documents your would not shred even if you scanned). The more significant part of your system is better to be: (a) Managing building repairs and services, (b) Investment selection, and (c) Influencing location price drivers.
Hi Jacqui – Paul's question is about off the plan apartments in Brizzy, as to whether that is a good idea or not is not his question.
Hi Paul – a book called the of Australian Taxpayers Handbook is well worth picking up
Hey Paul
Paul:
46
200k income
450 house
Wife
46
5k income
100k share
450k house
(Super?)
Buy unit – most tax effective plan next 10 years …
Hi Hari
Let me run the alternative proposition past you.
"Developers have always targeted distant investors too, firstly, get rid of unsold dwellings for which there are no genuine local buyers – and, secondly, to go a step further and create new stock specifically to sell to distant investors, notwithstanding the local over-supply or depressed market."
Some Australians are saying this is not a case today of the excess stock. They say it is a case of doing them out of a home.
Thank you
Jack
