You will need to give us a little more detail for a sensible answer…

Sorry to hear about the poor experience Keith. I have had a mixed bag of experiences over the years, some good and some bad. EBM and MGA are two of the common landlord brokers out there that people (and me) have used, not perfect but read the policy (whoever you choose). I have also had policy with Alliance for a few yrs.

Just my personal opinion…

1 – I have no idea if a self inspected dep schedule would be accepted by ATO
2 – If it isnt I am very nervous
3 – If it IS acceptable but then I happened to get audited, how would I feel being responsible for it? (nervous)
4 – Could I miss things an expert might see? (yes)
5 – Would I see this as a waste of my time?…[Read more]

Hi @bla0018. Any reason they need to be in vic?

1 – if you dont want to you dont need to meet brokers can do everything remotely, if so there are a few great ones on this forum.
2 – if you DO want to meet you will be limited to where you can travel to, so we will need to narrow it down further.

Regards
Matt

Hi @bla0018 welcome. Any reason they need to be in vic?

1 – if you dont want to you dont need to meet brokers can do everything remotely, if so there are a few great ones on this forum.
2 – if you DO want to meet you will be limited to where you can travel to, so we will need to narrow it down further.

Regards
Matt

…and for a blast from the past…

https://www.propertyinvesting.com/topic/4381354-depreciator/

You really are better off getting a QS report done by a pro. There are a couple listed above otherwise the 3 well regarded QS companies in this country seem to be:

1 – BMT
2 – Washington Brown
3 – Depreciator

I have personally (and my clients) had reports done by Washington Brown and Depreciator, both very good.

@maddog73 what a post! Sorry to hear that story. I can only agree with your last point:

“13. Do your own research and get qualified advice before even listening to this mob. A little effort on your part will save potential financial misery.”

This is always always good advice, and the point of places like this. Keep learning, one day you will be…[Read more]

Nice post @planning. Are most of your pro clients still working on 20% margins? I ran numbers on an 11 villa site with 20% conservative for a client recently and he told me his mezzanine finance group knocked him back saying inadequate margin. It seems they want much closer to 30% to fund and I didnt know if that is just one funder being…[Read more]

Hi @roger-wong1982 welcome to the forum.

I don’t think there is an average because there are soooo many variable in what you have described.

Demolish
1 – What is the house built of?
2 – Is there any asbestos?
3 – Is there a lot of concrete to dig up?
4 – How easy is access for machinery and trucks?

Subdiv
1 – Fees are highly council…[Read more]

@mddedf its great to come to forums like this an learn! Congrats on beginning the journey it is much cheaper to learn by asking than by getting ripped off with a poor transaction first time so well done.

The post above is the difference between trying to work everything out on your own vs finding a great team of partners to work with.…[Read more]

A drafty friend of mine regularly project managers small developments and he charge 10k for a dual occ (ie get 1 new home approved out the back and build it) and up from there. He has done villa developments that might have cost 100k but that would be a lot of units. I would think 30-50k max for an all inclusive project fee for 4 houses and all…[Read more]

@mohi785 good luck and keep learning, the response above by @Benny is a good one. A steve mcknight 2 day seminar would pay thousands in property education so if you can squeeze it in its worth it. Also avoiding the spruikers of new development stock is important as the wrong choice can cost tens of thousands and make the wealth journey many…[Read more]

Ah ok. Lower risk +cf options in NSW for that price I would say either major diverse regional like Dubbo or Albury just ensure you don’t pick a town with a high vacancy rate. For lower cash flow but more growth something coastal within few hours of Sydney in either direction. Down my way I have done a few under 250k this yr though they are…[Read more]

Ok, and are you already paying land tax in QLD and NSW? I couldnt tell if you were saying you want more in NSW and QLD or if you want to diversify away from those states.

@alfrescodining how did you go?

Hi Joey,

Is this for existing or new? If its existing you can get a building inspection done to ensure integrity of the structure. If its new I would have concerns about a builder who was unwilling to show me the plans. If they are worried about duplication or copyright breach then offer to look at hard copy plans in their office they…[Read more]

Howdy,

Where you should invest is determined by much more than just budget. What are your goals? What is the property supposed to do for you or your portfolio? What kind of strategies/techniques have you employed to get this far? All this will alter what you should buy next in my view.

Matt

Hi @newcoolkid, as @kinnon said not always. It is a part of the 2 sided equation banks use to assess. LVR is about equity and deposits, DSR is about income and ability to service.

Banks look at risk, so LVR is about their ability to sell the assett and get their capital back if you fail to make payments. DSR is about your ability to make…[Read more]

Welcome @rouke1

It comes down to a blend of lifestyle choices and opportunity cost.

Selling up would be a major family decision and force you to rent again which you have said is a problem. If you are not willing to stomach the change then you just need to work out the best way to minimise your cashflow costs now and invest the rest. You can…[Read more]