Forum Replies Created
- christianb wrote:Again, these costs vary a lot from "off the shelf" or volume builders at $1,000/m2 or so, to custom built houses and townhouses at around $1,500/m2, and then more sophisticated buildings in the $2,000 – $5,000 range.
Thanks, similer figures up here in QLD, My main aim was to check the 4 to 5 story prices to see if they were similer to what I have been quoted which it is ($1,600m2).
House quotes have also been around $1,000m2 but I have ways of trimming it back to $700m2 and I'm thinking I should be able to trim the $1,600m2 back as well but still keeping the same qualityJins13 wrote:Well obviously you didnt read my comments properly, as I said nil effort on a silver plater. If you did the due research and worked with someone to get the desirable outcome than thats fine it is a win win situation. My comments did not imply when you have actively worked at it.Many of your posts these days has been taking more than giving anyway ie your mining towns. Are you saying you are not taking a short cut there than? Letting someone else do all the hard work for you and than you reaping the benefits? Maybe it could come across alot better to mention some of your views and feelings instead of " MUST HAVE HUGE PROFIT POTENTIAL otherwise don't post it up" statement. This implies once again reinforces what I have stated on my earlier post.
My views of course would differ to everyone and thats the beauty about this forum as it is to help one another and share information.
Well how do you think I'm gonna learn about mining towns if I don't ask the questions? When I learn some then at a later stage I will share some.
If you want to call it a short cut then that's fine, I would be thinking you have taken many then.
Like I said I'm more interested in seeing what other people are interested in and what they think is a good buy and I'm sure that will help other people on the forum as well, will it not?
I could put money on it that 95% of what other people are looking at I will not be interested in but some of the other forum members might be, plus anyone that has something decent will not post it up anyway and if they do then they haven't done there home work on it so how will I benifit from it?
Like I said no matter what the deal is and what info I get I will still always do my own DD on it, I never rely on other peoples information because sometimes it is incorrect
The reason for putting up Huge Profit was to try and get more of the experienced investor putting up deals where as if I didn't do this I think people would have put up all kinds of rub….Jins13 wrote:I disagree with this post because I think the thrill of putting in the hardwork, due research and networking with people makes the experience rewarding.If someone gave me something on a silver plater and said here you go, with nil effort on my part it leaves a sour taste for me.
I think Richard and Jamie who I consider are gentlemans in this forum have always been generous with their knowledge and information.
Just to add to, taking short cuts which you have done very little homework will leave an undesirable result.
Well I disagree with your comment as you can look at it in different ways not just the way you have described
and maybe it leaves a sour taste in your mouth but it doesn't in mine because when someone scratches my back I scratch theres so that it is a win win out come,
Anyone that has ever looked after me has always had the favour returned and I've also given people information, ideas, jobs etc and made a lot of people wealthy from doing it and a fair few havn't given anything in return but it doesn't bother me.
Also I don't take short cuts, I would still be doing full DD, like I said I'm more interested to see what other people think is a good deal.mattnz wrote:If you had the right job at a major mining company. you could make a killing. Buy when you know things are going to happen and sell before staff layoffs. No insider trading rules in the property market.Exactly what I have been thinking
Qlds007 wrote:Agree with Jamie you would have ever Buyers Agent or unlicensed investor posting all sorts of things here and as advertising is not permitted not convinced you would attract what you are really looking for.Many of us come across deals almost every week that for some reason we dont want to do (had one across my desk only today) but wouldnt post it as what seems like a good deal to me might not be for someone else and vice versa. I have a minimum amount i need on each deal to make it worth something i consider wheareas someone else may have differing investing parametres.
Cheers
Yours in Finance
Cheers
Yours in Finance
I'm curious to see what other people think is a good buy hence the reason for my post
I personally target several different types of properties but always open to expand the brain.
Anychance you could pm me the deal you past up on? I'm interested to see what it is and what your thoughts were on it and Ile also give you my thoughts and ideas on itchristianb wrote:Keiko,Average m2 cost for this type of construction varies according to all sorts of inputs, however, expect to pay between $1,500 and $2,000 per m2 at the lower end.
Because these costs are so significant it's important to get the planning and unit yields right. Look to make the dwellings feel spacious without having too much "superfluous" space. Good planning may also mean an additional unit yield that will help with returns if not costs.
Thanks for that
Just curious what an average single story house would cost per sqm?I have a few questions regarding Mackay, Emerald, Moranbah, Blackwater and Alpha
I will start with Mackay
1. Can you see Mackay continuing for a further 10 years with solid growth?
2. Could it collapse and why?Emerald
1. can you see Emerald continuing for a further 10 years with solid growth?
2. could it collapse and why?Moranbah
1. Can you see Moranbah continuing for a further 10 years with solid growth?
2. could it collapse and why?
3. How many mines are in Moranbah?
4. Could it turn into a ghost town?
5. do you think the current prices will stay stable or collapse?
6. How many years have the mines got left?Blackwater
1. can you see Blackwater continuing for a further 10 years with solid growth?
2. could it collapse and why?
3. how many mines are in blackwater?
4. how many years do the mines have left?Alpha
1. Has any mines started operating yet?
2. when do they expect 1,2,3,4th mines to open?
3. Is there currently workers in the area preparing and what are they currently doing?
4. what do you think the expected rental and sale prices will be on property when the mines open in alpha?I look forward to your replies
moxi10 wrote:Von Krumm wrote:Mining towns… $$$
But be carefull, one person says something, does another…TRADEEBA wrote:Unlike Gladstone, Chinchilla market is still warming up and the ship hasnt sailed yet.Wrong!
Aparently Chinchilla's ship has already sailed… 8 rears ago!
http://www.hotspotting.com.au/index.php?act=viewArticle&productId=27Also I've heard great things on Gladstone, what depicts the ship sailing?
Bottom line is search for tips, then do your own research.
Portfolio PI wrote:Coal mining is a lot more stable employment than Coal Seam GasIs this because it lasts longer? Wouldn't it depend on the size of the deposit?
Coal requires a lot more ongoing manpower and machinery to extract than CSG after the initial development. The mines require geologists, engineers, open cut examiners, drillers, mechanics, tyre fitters, explosives technicians, environmentalists, managers, machinery operators, watercarts, fuel trucks, dozers, excavators, road graders excetera to be on site daily, and many of these operate 24/7. A large support industry outside the mine is required to service all the needs of the staff and equipment as well. For instance, if an excavator breaks down at 3 am it will probably affect the operation of at least 3-4 haul trucks, a dozer and a grader. Expensive. The mine requires and receives parts for the excavator, brought to site, even at 3 am Sunday!
Gooday Moxi, what do you think of Chinchilla?
I think I'm ready for the pub, just spent alday reading all 10 pages and the links supplied as well as several hours last night. I'm a slow reader.
Thanks Josh and everyone else I'le continue to read on as posts are pasted up.What are peoples thoughts on Alpha?
Thanks everyone for your posts.
I have a question regarding Moranbah, I have noticed property prices have gone from around $400,000 in early 2011 to $600,000-$700,000 now
And rents were advertised for about $1200 per week now there is a lot at around $2,000
Whats happened??? less than 12 months and it jumped a fair chunk, are these figures correct or have I missed something?TRADEEBA wrote:I am going up to Chinchilla in south west QLD next week for a look around next week. Billions in the pipeline, looks good. Prices have increased dramatically over the past couple of years though you can still buy older homes under 300k. Unlike Gladstone, Chinchilla market is still warming up and the ship hasnt sailed yet. Check it out for yourself.Thanks I will take a look.
Keep me posted with your findings?
Cheers
cool thanks
ha what a crock, Aucklands rental prices actually went threw the roof over the last couple of years and even if they were to drop a bit I don't think it will effect to many people who own property in Auckland. A crapy 3 bedroom which you would have paid around $350 for 2 or 3 years back is now renting around $550 per week, (I'm talking about the north shore, can't really comment on other areas but I'm sure there the same) House buying prices have also gone up a bit, I was in Auckland only a few weeks ago and there was sold signs on over 50% of all realestate signs outside residential properties, every second sign I seen had sold over it.
Bonham wrote:Depends.I have a holiday rental property, of which none of the common insurance companies can fulfill. If this is the case, you will need to go with an insurance broker, as your public liability, damage and risk of theft is much higher.
My annual premium for a 12 month holiday let property is $375.00 which includes $20M public liability insurance.
P.S. If you are Strata Titled, the body corporate will (should) also have insurance to cover public liability outside of your walls.
Hi, that is cheap insurance, who do you use?
Cheers
on average it looks like 6%
I would find another sparky, he's the type I don't like to deal with, he could be fresh out on his own and hes not confident enough to quote and his hourly rate sounds high but then maybe the area you are in may be charging this amount.
I just paid $100 per hour for a gas fitter, my eyes almost popped out of my head, but for what I was trying to achieve, it was actually cheap and the guy got the job doneJins13 wrote:I disagree with your statement about the "rich will always get richer and nothing will change there" I know many people who have become rich because of hard work and doing the appropriate research. Some rich people who have inherited the money, do not have the education or the knowlege to optimise their returns.Sure times are tough but if you limite yourself than that is your limitation. I have two jobs and doing two degress with two different univeritys in law but do I cry out poor? Of course it means alot of personal scarifice and time, but I think impossibility is something which one places on themselves.
My post was actually in reply to sharve01
And I'm not actually talking about particular people, I'm just using the saying, the rich get richer and the poor get poorer, and this saying will always be around.
The way I look at it is the poor look at the rich and think they just keep getting richer, and in some cases this is true but in other cases the rich man may end up poor.I also know a few people that have become rich (or wealthy/well off) from putting in the hard work and I'm one of them and I also know a few people that have had a helping hand from family and some just don't understand how a lot of things work as they have not experienced being poor and they have just had hand outs from there parents all there life and most wouldn't even know how to turn one dollar into another if you started them from scratch.
Times are sometimes only tough if you make them tough poor or richThe rich will always get richer, nothing will change there. It shows that people that have posted above live in detached houses over apartments,
I would be thinking that the majority of the people that are growing up today will live in a house and they will continue to do so but maybe as the years go by, more people will move into apartments and have there family etc and then as there kids grow up they will want to live in apartments as well as that is what they know, but I can't see that happening for atleast 20 years even 30 or 40 years.
I'm thinking houses will over ride apartments for a very long timeWell good to see the responses, Detached houses is obviously the winner, So what we read about with regards to people leaving there houses to move into apartments is just developers and the media talking it up
Mel 121 wrote:Hi Keiko, ING Direct (you can go direct or through a mortgage broker) have a product called "Redcued Equity Fee" (REF) this is where they will self insure (not go to mortgage insurance) for purchase loans up to 95% LVR. This is also cheaper then going to either Genworth or QBE mortgage insures. On this product they will also allow you to increase your loan back up to 95%. I work at a Mortgage Manager and one of our funders is ING Bank, we will allow you to increase in 3 months, sorry not two. Another option to save you on valaution cost, is to request for a valuation that is "As if complete" this means that if you have a build contract of quotes for the work you want done, we can submitt that to the valaution and he will value the property has if the improvement on the property have been completed. The finder will want the improvement however to from the loan amount 95% of the property with the work done) and they will want to pay the builders/trafies directly. This will however save you time and money. Only of course if you are not doing the work yourself. Requirements for the REF policy are: clear credit (no defaults), at least 2 years in current employment and must have genuine savings (this is money that you have saved. No money coming from First HOme Owners Grant ect. only 5% required) let me know if you would like further information or would like a broker to come out and see you to best structure your loan.Hi Mel, Thanks that is good info, will ING also do upto 95% for self employed? As an example if the purchase price of the house was $400,000 and renovation costs were $50,000 and the valuer valued the house at $500,000 with renovations, would this mean that the bank will loan 95% of the end value $500,000 or will they lend 95% of the purchase price and the $50,000 renovation, which would be 95% of $450,000?
Cheers
