JT7 wrote:
Hi Josh,

I will follow your travels and on-the-ground research with interest. I’d be very interested to see what’s happening out near Alpha regarding building of properties geared towards the investor if your heading out that way…?

Just off the cuff Josh, I’m thinking of installing new air conditioning units in a property in…[Read more]

I’m going to pose a question to brokers here…would buying a property with some of the 500k outright work which you would then receive rent from. Question is, would the rent then be counted as income given employment? In my situation i know it is so I would assume that would be the case here.

So depending on Caleb’s strategy that he chooses and…[Read more]

Also…as I said i will be looking for development opportunities, however I will not be able to do EVERY project I find so JV partners / Syndication partners are welcome to have a look at what I find as well.

mattnz wrote:

Portfolio PI wrote:
From what I can discover without going there yet and talking to builders who have done feasibility studies lately on Gladstone it is a bit of a hard situation.

I am looking at an estate where the land is selling for mid 200’s, when you add regional build costs at $1500 sqm you are looking at $550,000 before…[Read more]

From what I can discover without going there yet and talking to builders who have done feasibility studies lately on Gladstone it is a bit of a hard situation.

I am looking at an estate where the land is selling for mid 200’s, when you add regional build costs at $1500 sqm you are looking at $550,000 before costs (stamp duty, construction…[Read more]

Hmmm I’ve received other emails through it today. Otherwise josh@portfoliopi.com.au

Hi Banz,

I will be going to Gladstone late this week or early next week to scout it out. I understand the window of opportunity is closing. I am looking at doing some developments there shortly and will be taking my builder with me to get a grasp on whats happening ie costs, areas, rents etc. I will also be looking for properties to sell to my…[Read more]

Shooshoo…

This is in direct reference to the coal production affected by floods at the start of this year. It does not reflect any long term positions by coal mining and isnt really an article that would affect property investment either negatively or positively really.

The coal mines are still catching up to lost production during and post…[Read more]

Hi,

First thing here is to confirm with council (maybe a phone call to the town planning department) about the allowed site coverage/density etc. This should satisfy your initial due-diligence to a certain extent i would assume. If you are then happy to go further then yes you will have to fork out money that you may never see (welcome to…[Read more]

Cameron,

Some investment agencies pay lead fees for recommending them to people they may know. However this is mainly done when someone is already a client of such an agency.

This may help you but it may not

if you can find something new in Qld and commit to purchase by 31st of January 2012 you will get the Qld Government $10,000 grant for buying new. You have chosen well to identify Qld for capital growth due to the unprecedented mining investment that we are about to see roll out over the next 36 months.

Consumer sentiment is low as there is so…[Read more]

North lakes is possible to creep under the 400k mark with a 4 x 2 x 2 and rent for $400-$420 brand new…giving you less stamp duty, added interest however tax deductible immediately as well as $10,000 grant.

North lakes will fair quite well is my thought as it is close to the airport which will also come into play over the next few years as we…[Read more]

i understand an agents underlying motive…but legally an agents job is to do the best by their vendor.

thegcamp wrote:
We are being encouraged to buy off the plan in brisbane, what are your thoughts please

Why are you being encouraged to buy off the plan? from the developer? The above comment is correct. In a unit deal you should not pay more than valuation…and infact buying off the plan in very early stages should land you an incentive like…[Read more]

Agents in Qld (and everywhere I would assume) are governed by law to work in the best interests of the vendor. By not accepting or dealing with multiple offers in the best way for the vendor is illegal and the vendor can in fact sue the agent for monies perceived to be lost because of the agents negligence. Also the PAMD act states that all…[Read more]

there is a lot of development happening within emerald currently, woolworths are spending $120m on the largest shopping centre for the town, Harvey norman have confirmed a site, bunnings still shopping etc.

Do you have property there Jack?

Josh

JT7 wrote:

Portfolio PI wrote:

moxi10 wrote:
Rents in Blackwater are quite high already, you will see demand increase in Emerald more so as three of the largest coal mines in emerald plan to get into gear just 150km west of Emerald. I am an ex local to the area, am in the area every two weeks for my clients and have 15 IP’s in central…[Read more]

To touch on Catalysts’ point….make sure you are dealing with the agent who has the listing advertised. If there are 5 agents in the firm, one lists it and you go to your preferred contact in that firm they may not have listed it therefore they do not have the relationship or trust with the vendor to get an offer through at a lower price. I know…[Read more]

its not worth managing your own…how bjsaust has his set up is the ideal way. You should pay about $2500 – $3000 to have one set up, if you are buying property through this you can find some developers who will split that fee with you to buy off the plan. Then you should pay about $1600 – $2000 per year for accounting for it.

If you do it…[Read more]

in most building contracts a daily penalty amount should have been negotiated to compensate for a certain amount of interest when the builder goes over his quoted time.

definitely time for a lawyer/solicitor to put pressure on the builder here but I cant recommend any.

The builder should be running at a loss until he receives your final payment…[Read more]