…Value add with subdivision, capital gain with ripple effect outside of Sydney this yr.

…deleting duplicate post my computer froze.

…Value add with subdivision, capital gain with ripple effect outside of Sydney, and cashflow all this yr.

This says a lot about you and is a good indicator that a BA is probably not a fit for your personality type and investing style. Which is totally fine by the way. People who have done enough work to get success 3 or more times and enjoy the time spent plus the process of research, due diligence and negotiation may need a BA less than others.…[Read more]

This says a lot about you and is a good indicator that a BA is probably not a fit for your personality type and investing style. Which is totally fine by the way. People who have done enough work to get success 3 or more times and enjoy the time spent plus the process of research, due diligence and negotiation may need a BA less than others.…[Read more]

as per above, but yes majority of investors do choose interest only to minimise their weekly commitment.

…or meet with Terryw he is wisdom personified!

Depends what you are talking about. For large scale developments you can talk to the players for the rumours and also research council approvals/applications. For Established suburbs you can only track stock current and historical but you can see trends from that. I think Building Approvals are usually measured and published by ABS only over…[Read more]

Good to know about that one Benny. This mob are also excellent for property structuring etc. Also the wrong part of town for @Bungee, sorry.
http://wscgroup.com.au/home?subSiteId=1

It ain’t about age it is about construction type. If they are gyprock or asbestos it is gonna cost a bit to install fire proof board in place, if double brick or concrete blocks then this should satisfy BCA requirements (but check for yourself please!) remember you need to get fire separation all the way to the roof covering (kissing the…[Read more]

@originalsinner I doubt a mine could take values from where are currently in Kingaroy LOWER given they are already low. In almost ALL cases new mines increase rents and values, and the rest of the economy. The only scenario I could see values falling was if a proposed mine was:
1 right on the edge of town,
2 in a really high price trendy latte…[Read more]

+1 for D.T.’s comment Corey knows his stuff. I have also had experiences with @jamie-m and he is great. These guys are orders of magnitude better than the average backyard broker or (even worse) your local bank manager.

Wow @lukoot well done and congrats for the fantastic progress to get this far by 30. There are a few threads currently discussing strategy options and decision making. I would suggest start reading this one…
https://www.propertyinvesting.com/topic/5019312-the-importance-of-having-a-strategy/
…and then do some work on your long term goals,…[Read more]

Agree with DT above, proceed with caution. Companies that call themselves advisory companies but offer a one stop shop with fees and commissions paid by other parties are in my view sitting smack bang in conflict of interest land. They offer all the services, legal (which should be totally independent) also offering finance, and act as a broker,…[Read more]

Hi @specha good question.

Short answer, yes it matters and it helps to have one. There are lots of little decisions along the investing path, which all get easier if you can check in on your direction.

Here is how I think it can work (at least how I am trying to run my own life etc)

1 Start with why – watch this video from Simon Sinek, go…[Read more]

All the best with it @s9nny! Put some progress pics up when you have the house underway we all like to watch :).

Perhaps it would be helpful if you explained the “super debt cycle and slowing economy” background as you appear to have answered your own question, then asked for people to argue against your view? If you want to discuss the property cycle my strong view is that there isn’t ONE cycle there are many. Are you referring to / coming from Sydney?…[Read more]

I agree. Good broker wins when thing get messy every time. Those replying to you on this forum and this thread are some well above average ones from direct experience.

Yes, Benny is correct. I have had a couple of client purchases come in with pre purchase valuations higher than the contract price (not often) but bank won’t lend on the higher number. The patient can win as described by Benny but you need to find deposit and cost money from somewhere for the short term.

I agree with Terry bit risky – plus I would put the money into your build as soon as you can, it is only a few months away now then once build is done refinance the house hopefully some equity in it, this is all tax deductible if then used for investment properties.