You may not be able to legally hold the tenant to staying three months in advance. The rest sounds good, you will need to inspect the property or at least have someone do this for you every now and then. Also, just work out how you will deal with any maintenance issues that you foresee arising. 

Ie: have the numbers or emails of reliable trades…[Read more]

Also, sales are a little subdued at present which is also while vendors wait for election issues to be over. however i don't think this will have a great impact on property markets, its just human behavior to not make decisions around times of uncertainty. At the moment the uncertainty is political.

However each local market needs to be assessed…[Read more]

Ok, that is expensive then!

Considering it is your PPR than your tax advantages are great! paying less interest is not necessarily a bad thing should you only have IP's to offset. You could further invest with a good strategy or look at buying a new PPR. 

Mould is an issue that sometimes never goes away (permanently anyway). Not that its a…[Read more]

4 weeks let fee is far too much. I will re-iterate that you should be focusing on quality not money especially if you are going overseas. 

Ask…

1. Will you take photos on the inspections, if so, how many, of what and how often. 
2. You will need to set a schedule in your calendar of your expectations from the manager so you can keep them…[Read more]

Donna, 

The body corp is not the worst, it all depends what you get for that. Assess the condition of the complex, the amenities, gardening and maintenance, sinking find val etc.

As for the cold feet, everyone gets them and no one can tell you what to do when you get them. I always ask if cold feet have stopped you from doing a lot of other…[Read more]

Hi Harry, 

It depends what you want to achieve from property in the long term. However if a property sits in a good market and your research leads you to suggest that the market in the future wont be as good as now than yes you should definitely take advantage of it. 

My question to you would be what have you done to research and come to an…[Read more]

Hi Se7en, has your frind shoped around with builders? I would look at why the valuers are smashing it. The project could be loaded with features that the valuer is not placing value on, these items could eqaute to $15,000 – $20,000 in some build contracts as people get carried away with variations when the valuers miss them or dont place much…[Read more]

Hi Peter, 

Have you done any property investing development at all? Building or even being involved in a 6 story development is no small feat if you haven't.

To be involved in a JV, it would depend on the level of debt you have on the land. if it is owned outright (or nearly) you would be in a good position to enter into JV discussions. If your…[Read more]

Hi Jack, 

Yes of course, all part of the problem and solution. My experience and understanding shows me that many people refused to listen to some advice (not from me but others) and purchase based purely on cash flow with conducting no risk analysis whatsoever. This caused many investors to pay well above the odds (which I or none of my clients…[Read more]

Hi PY, 

Good comments, firstly i would recommend to have a read of this blog post of mine about the QLD coal industry http://www.ppiqldtour.blogspot.com.au/2012/10/whats-wrong-with-coal-industry.html . It is again my opinion however it highlights many of the fundamental issues facing the industry that were really all highlighted mid this…[Read more]

maybe the name of the town/region/landmark with the word "gum/s" ?

Hi Cha, 

Nathan has a point, if the unit has not seen growth since 2001, why? and what would change in the future for growth to occur? however your ROI could be quite good of you rented it out. as your equity is also quite good, the rent could increase your serviceability (potentially). I would recommend you do a full cost analysis on each of…[Read more]

where is it and how many blocks? residential, acreage? sum the estate and town up in one sentence if you can, then ill give you my ideas! and it may make it easier for other people to. However, theres no sites or anything for this, it comes down to peoples creativity

Usually developers use names that the locals can relate to (in a positive manner of course). ie any rivers etc around. This is usually a strategy to attract owner occupiers!

cheers

The blunt answer to your question is to review the body corporate. However, you should technically own what lies within your 4 walls. As the garage is separate, check the exclusive use plans.

Their is a possibility of separating the water meter (I think) however it will depend on where the meter is located. if it is near the house (unlikely) it…[Read more]

Hi, 

As we invest all throughout regional Qld, we are always traveling around!

Cheers

Hi Jack, 

You bring up a good question as many people would look at my strategy in a negative way due to the action that has happened in Emerald lately. 

Firstly, the article was written many months prior to release so the market had not changed so much. However, I was asked to produce a long term strategy. For me personally, whether someone…[Read more]

Hi Bullet, 

I would be looking at 3 beds too. the extra space is/should be, quite cheap to add on. 

I would suggest doing some more homework on small developments. To be frank, if you are not familiar with what headwork charges are than keep doing your research into everything. 

You will also need to think about the strata title, creating a…[Read more]

As Central and North Qld continue to grow as booming economic hubs with a varied industry base, a move like this would further cement long term population growth in regions like Mackay and Townsville. The provision of more services and infrastructure to these cities would make them an even more desirable place for people to live. Coupled with…[Read more]

Dizzy, 

Have you thought of NRAS?