Nigel Kibel wrote:
It comes down to doing your own due diligence. As an example if you buy a house and land package in an outer area of any of our major cities the built in commission is around $30,000. So the next time you are told that its a good investment because it has land think again. The only reason they are making this advise to save…[Read more]

itsandrew wrote:
I don't know enough about the way new homes are sold to draw conclusions but is it the profits or transparency that people are objecting to. Everything from lettuce to motor vehicles gets marked up from cost price and wholesale price for the public.  Why not with property?

Andrew its a number of things – Not so much Profit m…[Read more]

Without naming names – there are some Property Marketing Companies (PMC'S) doing deals with Developers at different levels via different entities. So a PMC enters into an Option agreement to buy a property from a developer at a Bulk rate price and loads anywhere from $20 to $50K into the price. The "retail price" is then put out to the public…[Read more]

HJBH wrote:
Hi guys, saw this article http://www.cqnews.com.au/story/2012/02/22/millionaire-buying-up-mining-town-bit-by-bit/ about a Sydney business man buying up houses in Dysart… was wondering if anyone knew who this guy is? and if he is still buying up after Norwich Park? thanks for your help, this is a great resource for investors,…[Read more]

band-aid wrote:
No, just a first time user & have been to one of dean's information nights. As most of central QLD has been.It seems that you yourself know more than the average person in dealing in property & tax?! Maybe shed some more light on what your commenting about? I'm very interested. Regards.

Since you are interested here is the…[Read more]

APWPG wrote:
HI Michael Andjelkovic ,yes please can i have your builders contact Cheers

APWPG – sent to you by PM and SMS

popelich wrote:
Hi Michael,how many units are in the builders pipeline for Moranbah?Cheers

This particular Builder has over 100 he tells me – As far as I can calculate  from a couple of months ago there were close to…[Read more]

What was the outcome ?

Hi Everyone I know a builder up in Moranbah that has over a dozen houses he has to move/demolish in order to build new units on the sites. Is anyone interested in relocating any houses up in the area? – He has advised me you can have them for Free it you want them otherwise they will be demolished and taken to the tip as rubble. Send me a…[Read more]

Jamie M wrote:
Hi MarieI haven't heard of him.Is the price of the property inflated compared to similar properties within the area? What does your accountant say about the proposed financed structure?I can tell you're being cautious (which is good) – because you wouldn't have stumbled across this forum otherwise. Continue to do your research and…[Read more]

band-aid wrote:
He uses the standard REIT commission which is paid by the builder and land developer. 5% for the first 18k, the 2.5% for everything over.

Interesting comment from a new single post anonymous user- Perhaps Barings might be charging the REIT commissions but  I am wondering what an acquistions manager for JLF Group is doing…[Read more]

Hi DavidTo answer you questions"Are there a lot of company rentals?" – I can't tell you – you are best off speaking to the local agents – I have been leasing out my properties to private individuals."What is the potential for the next 20 years ?"-  Mate how long is a piece of string? I believe there is good long term potential in the area but…[Read more]

Amit Thaker wrote:
KeyStrategies, What you are doing in something I aspire to do in near future. I would love to know your journey.

Amit – I shared a part of that journey in my  3 Workshops that I presented in Melbourne at Steve McKnight's MegaConference a couple of weeks ago – I actually had one workshop recorded and I am just reviewing it…[Read more]

Amit Thaker wrote:
Hi Michael, Parramatta RSL sounds good to me. I will come and see you before or after your speech. 3rd Monday of this month could mean Monday 18th June (depends how you calculate it). BTW, what company is running this or Are you THE company? See you then. 

Hi Amit – yes its the 18th of June – I am just a guest speaker this…[Read more]

My creative Project was a couple of years ago. I purchased a large corner block with a DA for 2 x 3 bedroom houses on it. I knew I could better and put 2 x 4 bedroom Houses on it as the previous owner had not really used the best designs for the project.The twist came when I really sat down and figured out that I could put a 4 bedroom house and a…[Read more]

DWolfe wrote:
Lol, 6 mths, I wish!2 years on the one project with our VCAT hearing this Friday. I love developing! Everyone loves councils! I think the red tape is really holding back a lot of development. I'd love to know what councils people are having speedy success with.Michael, how is the Hunter going in general with developments and…[Read more]

jimmcintyre wrote:
councils frustrate the livin daylights out of me.

Jim, I know what you are talking about it just took 6 months for my builder to obtain a Development approval for one Duplex and I have another one in council  since February now waiting for the engineer to review it when We have fixed EVERY issue they raised a couple of weeks…[Read more]

AmitThere is a regular monthly meeting of Property Investors at Parramatta every 3rd Monday – I am speaking there next week 18th June on achieving Success from Subdivisions – which is based around the workshop I did at the Mega Conference in Melbourne. Location Parramatta RSL – Hunter Room, cnr Macquarie and…[Read more]

With the announcement that a new 3200 man camp has been approved and rental vacancies still high seems that the gloss has gone off Moranbah at the moment. Still there is lots of activity happening up there.

christianb wrote:
The smallest lot we are working on is a proposal for 15 dwellings on 120m2 in the CBD.We are also working on a two lot subdivision on 240m2 in the inner suburbs.

Christian'What city are you working in?  – these are really small sites

jonodick wrote:
Hi Michael I was at the conference in Melbourne last week and unfortunately didn't get to your presentation. There were a couple of times over the weekend i had to choose which talk i was going to listen to…this time i might've got it wrong. I'm looking at places to carry out small sub-divisions around the Hunter region at the…[Read more]