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  • Profile photo of jutaylorjutaylor
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    @jutaylor
    Join Date: 2007
    Post Count: 8
    April 22, 2008 - 12:01 pm

    Thanks for this. I ended up buying a house in Geebung through Property Pursuit again.

    I'll keep your details though for any future thoughts.

    Julian

    Why not consider buying land and engaging a builder to build a house for you. This way you cut out the middle man and keep the profits to yourself.

    Here is an example of land we recommended land in Carseldine…5 blocks where just purchased last week and a batch of 8 where purchased late last year. (15km north of Brisbane CBD) the numbers are as follows:

    Land price:                 $250 000 (average cost)
    Construction cost:    $190 000 (turn key 4 bed, dlug,2 living areas, 2 outdoor living areas,ensuite, dishwasher a/c)
    Other costs:               $  20 000 (interest, stamp duty etc)
    Total cost:                  $460 000

    Completed value:     $530 000 ( based on recent resales and current listings of smaller properties in the area)

    Equity:                         $ 70 000

    Rent was initially estimated at $450 per week however recent letting at $480 per week may set a new bench mark for the area.

    [/quote]

    Profile photo of jutaylorjutaylor
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    @jutaylor
    Join Date: 2007
    Post Count: 8
    April 22, 2008 - 11:59 am

    Hi Keo, I have used property pursuit again since my last post. I toyed with the idea of buying another new home but figured I'd buy an established home near the city so I use Liz to purchase a property in Geebung. Second time around – just as good  (although I kind of new what to expect!) It was a tough decision finding a buyers agent but all I can say about property pursuit is that they were extremely professional. Cost wise, I liked their structure (a fixed cost as opposed to a % of the final purchase price.) Meghan was also available to give information (the owner.) Liz Wilcox was straight forward to deal with, always gave me more information than I needed, called me with any news (or no news,) always challenged my ideas to make sure they were in my best interest. She also helped me with solicitors and any other service I needed for the properties.

    My feeling is that they may be all of a muchness but I really can't fault LIz and Property Pursuit. Good luck on your journey and feel free to ask more information.

    Julian 
      

    We are currently looking at using a Buyer's Agent to purchase a property in Brisbane. We are considering Property Pursuit and Liz Wilcox, can you provide any further feedback on your experiences with this company?

    Also, have you heard of Metropole Buyers Agency? have you had any experiences with them?

    What about other buyers agents?

    many thanks,

    Keo

    [/quote]

    Profile photo of jutaylorjutaylor
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    @jutaylor
    Join Date: 2007
    Post Count: 8
    October 7, 2007 - 10:59 pm

    Wow – that was an interesting weekend of watching all these threads. Thanks everyone for taking the time to put the thoughts across.
    If anyone does have any ideas of 'how to' get some good purchasing concepts (or websites) I can use for effectively buying 'unseen'  (due to me living in Australia) and me wanting to buy in Caerphilly and Newcastle Under Lyme in the UK, Please let , me know. I think I'll give it a go myself now as finding a buers agent for these areas seems tougher than I thought.

    I'm all ears and thanks everyone again

    Profile photo of jutaylorjutaylor
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    @jutaylor
    Join Date: 2007
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    September 17, 2007 - 11:29 am

    Thanks for the response. I live in Oz but have still got an old flat in Cardiff Bay. I want to re-value it, borrow enough for a couple of other properties and through some recent research have decided on these two areas. Compared to Australia, the UK has lower interest rates and higher rental yields, I also can claim tax benefits on costs of depreciation and trips to the UK too!
    I've used a buyers agent over here and they did everything for me  – Full research of the area, sourcing of the property, and negotiations. It cost me about 3kquid for a 170k house. I just assumed that there'd be hundreds of buyers agents over there but it appears not!!!

    Do you have any ideas what I could do in this situation. I'm also wondering if I'd need 2 fully furnished places too and if that's the case, how would I get all the furniture etc. It feels like it's all up hill but I'm keen ha! Any help is of great value and thank you!

    swampy30 wrote:
    Hi Julian,

    I admire your aim of buying UK property.
    The only buyers agent I'm aware of is Garringtons. As it's chief exec is Phil Spencer of Location Location fame, I would image they'd be at the top end of the fee scale – that's just an assumption.
    They do say they cover the north west.

    What kind of service do you want? Full research of the area, sourcing of the property, and negotiations, or just someone to do a 'drive by' of properties you're interested in?

    Unfortunately i'm on the South Coast (Bournemouth) or I'd offer my services :-)

    Swampy

    Profile photo of jutaylorjutaylor
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    @jutaylor
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    September 17, 2007 - 11:18 am

    I didn't mention I'm a libran and hate making decisions doh! There's a lot of good information here –  thanks everyone for responding. I've been reading other topics and am now wondering if I should buy 2 houses for 400k (200K each) or get one new one (house and land) for 400k, avoid the stamp duty and get good depreciation….. That's what I initially thought anyway.

    BARDON – when you say juggling a few h&L contracts, does that mean you are buying them yourself? Also when you say 970m2 4/2/2 330pw waterside at Ningi does this mean a 4 bed, 2 bath, 2 car, on waterside and you'd get $330 per week? What would that be bought for (roughly – or is it rude to ask?) That package sounds nice as there appears to be a lot of stuff going on up there.

    Also – has anyone had any experience with WACAL? I have spoken with them a few times and Shane Taylor seems very helpful and a straight shooter…..http://www.wacalhousing.com.au

    Profile photo of jutaylorjutaylor
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    @jutaylor
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    September 17, 2007 - 11:07 am

    That would be great actually. What exactly is the difference between a developer and a building company? Is the developer the 'marketeer' of the house/land stuff whereas the builder does the construction? Be good to get some more information on this. My email address us [email protected]

    APerry wrote:
    Hi Julian,

    I can put you in contact with a developer in Curra if you are interested. His development is just about to have titles released so your timing is pretty good. He is also a long time member of this forum if this means anything.

    Regards
    Alistair

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