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keiko
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@keiko
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June 5, 2012 - 6:55 am
Derek wrote:
Backing up an earlier comment by Keiko about the media focus.
Yesterday we had a fall in the ASX of approx 1.8% (I am not a share investor so I don't know the exact figure) and we had major & large print headlines talking about $24b being wiped off the value of shares.
Fast forward almost 25 hours and the share market has recovered 1.5% (4.45pm on Tuesday) and barely a mention of the recovery in popular online media.
Methinks we would be a better place without such a negative focus by media channels.
Now back on topic.
Hahaha that made me laugh, exactly what I'm talking about.
keiko
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June 5, 2012 - 6:07 am
streamlineinvesting wrote:
Seems like Australia is heading downhill, I believe we did not escape the recession, merely just delayed it by a couple years. Instead of falling down a couple years ago like the rest of the world, we survived by our high amount of resources, but that can only last so long. The next couple years in the Australian economy will be very interesting, confidence appears to be very low at the moment.
Is peoples confidence realy down or it is just because you read some negative posts and what was in the paper and on the news?
Are you still working, buying property, living the same life you were living 10 years ago or living a better life or worse?
Everyone think about it like this, what realy went wrong in your life in the last two years, did the down turn realy effect you? or did it make you money? or has it just been the same as the last 10 years.
To be honest my life has not changed, it is still the same, I make money in good times or bad times, I have bad days and good days, Iife goes on.
Media is all ….
Funny, radio is on while I am typing and they say, well there was another interest rate cut but not what everyone was hoping for, only a 0.25% cut. mmm mmm mmm
keiko
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June 5, 2012 - 5:55 am
They should be dropping the full 25. but anyway .05 doesn't mean much if your serious about investing.
It is good though as we should have a few more buyers running around.
This is how I look at all the negativity out there, ''I don't really care'' to be honest if you worry about other countries or even your own country, then you will never get anywhere as you will always be to scared.
Media said a couple of years ago we were gonna hit rock bottom, where is it?
Media said USA will take years to come back, There already on there way back up and were they realy as bad as the media Made out, mmm probably not.
Media said china will be the new USA, mmm not today.
Media are saying we mite go into rececsion again, mmm realy, I don't think so.
Media said property is stuffed for many years but I keep seeing some areas doing very well and people making money, so much for what the media says and also media are now slowly talking about hot spots, Maybe people got sick of buying negative papers so they need to make a few changes to make some more money.
No dealt media will make stories up about the latest price reduction, who cares I bet the guy that writes the story doesn't own a property and doesn't have a clue about property.
Tomorrow media will say property is booming again, is it realy or is it just some suburbs.
Invest today for tomorrows market not the other way around
keiko
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@keiko
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June 5, 2012 - 1:38 am
Hi Jim,
Where abouts does the items get auctioned, onsite or at a auction house?
If onsite, how do I find out when these are held?
jimmcintyre wrote:
Hello all,
I used to run a large storage & removals company in Adelaide.My view is NEVER again.i have since sold because of the problems associated with the clients,my experience was 50% were always late,you have to go through a lengthy process to evict or auction,i got taken to court twice with related storage issues,and won,but really,is it worth it??Put your $$$$$$$$$$$$$ into something else.
Cheers
Jim
keiko
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June 1, 2012 - 12:33 am
Thanks will check it out
keiko
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May 10, 2012 - 7:36 am
Are you sure the buyers are not the ones to call the council to get the property cheaper, if the buyers are still keen then maybe there plan is to build on the property and maybe they called council, a 40% drop is a lot
keiko
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April 20, 2012 - 8:41 am
If you have to ask the question then…… It could be worth changing
keiko
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April 8, 2012 - 2:20 am
Terryw wrote:
If you know a lot about property law you could draft your own contracts. But what if you leave something important out and then go to your solicitor after the purchaser has signed – you will be locked into a costly mistake maybe. eg. You come to the settlement period and the purchaser says they don't want to proceed now and is rescinding. You having relied on the money from this sale coming through to settle on the next one and then that falls over too.
I don't know a huge amount about property law, but when it comes to working with REIQ contracts, it is basically all there in clear english, Just need to add in property details etc which is not hard, when it comes to special conditions this is when I would get on the phone to my solicitor and see what is required, if it is lengthy then I would have my solicitor either send me through an email and I would cut and paste it into special conditions or if it is quite complex then I would let the solicitor do the entire start to finish job, but as for the sale or purchase of a property subject to finance or what ever then this is easy.
I've purchased properties where the agent has stuffed up on fulling the contract in correctly also solicitors.
keiko
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April 7, 2012 - 2:16 am
Terryw wrote:
keiko wrote:
Doing up a contract is basic. you could stop into a local agent and ask for a copy of a sales contract but most times they will try get you to sell with them.
Next option would be downloading one of the net for maybe $20
I get mine from REIQ, I'm not sure if the same company does them where you are.
To sell your property I would recomend finding a good agent but if there is none around then yea I would sell it yourself, by using an agent they could possibaly get you a better price than what you could achieve by doing it yourself.
Do you really do this?
Yes, it is just a bit of paper work.
If I'm understanding the posters post correctly, I'm thinking they just want the sales contract, and yes I will complete this and sell a property or lease a property and then drop the signed contract to my solicitor to finalise everything if it is a sale, although it's not that hard to actually do the solicitors part as well but I let the solicitor do it incase there is any problems along the way.
I don't sell and lease everything, I pick different properties to sell or lease, if I think I can do a better job then I will do it but in some cases I think an agent will do a better job and therefore I let an agent do the job. It all depends on the property, I have a range of different types.
keiko
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April 7, 2012 - 2:00 am
yep and know dealt it will be a big fat NO
keiko
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April 7, 2012 - 1:59 am
It's all about buying right
If you have storage sheds in a up and coming area or in a area where there is a shortage and the demand is high then your going to make money,
If you also have the sheds in a prime location then developers will always target them as they may want the land for something else etc.
keiko
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April 6, 2012 - 5:38 am
hah what do you mean it will have zero capital growth, When land value goes up in the area then the capital growth will also go up.
And the returns all depend on how good of a deal you get, it's just like buying any property.
RL storage sheds can be good if you buy right
keiko
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April 6, 2012 - 5:29 am
It would be good if they did extend it, I know I will have a couple of homes built if they do
keiko
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April 6, 2012 - 5:18 am
Doing up a contract is basic. you could stop into a local agent and ask for a copy of a sales contract but most times they will try get you to sell with them.
Next option would be downloading one of the net for maybe $20
I get mine from REIQ, I'm not sure if the same company does them where you are.
To sell your property I would recomend finding a good agent but if there is none around then yea I would sell it yourself, by using an agent they could possibaly get you a better price than what you could achieve by doing it yourself.
keiko
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@keiko
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April 2, 2012 - 4:07 am
tinusca wrote:
Thanks guys for the heads up. I don't really have a major concern about the equity in the development as I have fair bit of equity available to fund any development or future investments. My main concern is deciding if I should pull down the existing property and develop the site with three new townhouses with common driveway etc or subdivide and keep the existing house with its own driveway and then build another house on a battleaxe block with its own driveway. I guess, is it better to have two properties on their own titles or three properties on a strata with shared driveway??? Martin
This depends on a couple of things but the first thing I would be looking at is what each property could sell for if you were to build 3 townhouses and what it will cost you and what your profit would be at the end.
Then I would look at what the existing house could sell for if you were to subdivide and what the subdivided lot could sell for.
Then I would look at what the existing house could sell for if you were to subdivide and also what the new lot would be worth if you were to build on it.
There your 3 options, which ever one shows the best profit and the least headache should be the best one to go with.
As for your other post of mixed messages from town planners, you will get this from almost everyone throughout the process of development, most of them are a rip off & will have there extra large santa sack out for you to full for them.
Keep researching and go with the one that gives you the best service etc
What location is the development in?
keiko
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March 20, 2012 - 7:38 am
Stacey Surveying wrote:
Gold Coast sounds good! On a serious note what I've found from experience in the industry is that the cheapest survey may not necessarily be the best. Corners get cut with the dodgy cheap surveyors and you'll no doubt have council requesting more information which then blows the budget out of the water. Look for a surveyor with good experience in the area and ask for some examples of their work. The more thorough their work the better! The larger development companies do take advantage of the market and often hike up their prices above the recommended fees sent out by the governing body (in the cast of Vic it is the ACSV). Try to grab an updated copy of this to give you an idea of what to expect. In a nutshell, good research will pay off and also get a detailed quote of what is included in the price. All the best with your project! Cheers,
Thanks Ashley, I've noticed there seems to be a bit of a game going on with prices and info town planners give out, even the dearest are not always the best and they try to run the hardest possible way to clock the bill up, the difference in quotes I've got from Town planners is just crazy. I'm assuming Land surveyors will be the same so I thought I would post on here to see if anyone knows of a good surveyor that gives out straight honest options and puts it together as easy as possible and also knows what there talking about.
keiko
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February 22, 2012 - 4:48 am
I checked them out Scott but no prices on there site and they look like they only do smaller jobs
keiko
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February 19, 2012 - 11:43 pm
IP Freely wrote:
Very dependent upon the design, height of kerb & width of gutter, site prep, excavation, machine formed or made up with formwork etc.
Hi, Height & width of kerb lets say 200mm x 300mm & lets say scenario two 300mm x 300mm or what ever is standard
Site prep excavation will be done seperatly
It would be machine formed
Lets just say design is standard and straight in one line 1000 metres
Cheers
keiko
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February 15, 2012 - 6:43 am
I would have jumped over to ANZ so that CBA did not get there way – CBA are only good for one thing and that is to hold onto your cash and thats all they do for me, they get none of my main business
keiko
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February 15, 2012 - 3:13 am
Thanks Richard & Jamie.
can a fixed loan inhance my borrowing capacity?
Cheers