I haven’t bothered to read the article…
But the more bad news out there, the better as far as I am concerned.
Less competition and therfore more scope to take advantage of all the opportunities out there.
Like Resi, we are busy, busy, busy, making great returns on property.
We are busier this year than we were last year, and next year will be…[Read more]

Now THAT makes sense…

Thanks tfb for such an insightful and blunt assessment.
One of the more sensible and logical posts I’ve read for a LONNNNNGG time.

Now thats great due diligence.

kp

Hi New,
I mean Rayson…..
Quite frankly, if you’re starting out with the attitude that all development blocks get offered to developers first, you’re already behind the 8 ball with a closed mind.
And then to add that anything you get to see must be a ‘John West reject’ ???

So much negative sentiment….are you sure you really want to go…[Read more]

Gross you must be the second coming, because you are still speaking in tongues. (lol)

Can you clarify what the significance of the 6 months is ??
Does the project have to be wra_pped up in 6 months ( completed and sold/revalued) or just the project get underway ( finance set, contracts signed, etc)

I am neither a mento_r or a mento_ree, but I’m…[Read more]

Don’t die yet Gross,
We haven’t been able to decipher your posts yet!!!

So in a nutshell, the answer is ‘NO’
No licence required.

The other thing is…what is the definition of a ‘developer’?

I have been building houses and doing small scale duplex and triplex developments since 1990, and I would not class myself as a ‘developer’
It is one of the things that I do, and its more like an investment vehicle, or even a…[Read more]

Get yer comments in quick……..
before this thread gets locked down……

What a rant…..
I gave up reading in the first paragraph.
But one sentence struck me…
‘Why on earth land bank in Aus?’
Simple answer…because its profitable.

When you can get 60 acres for under $250,000 on ‘freehold’ land, with a zoning for subdivision already in place, and the cost of application for DA is not in the 100’s of thousands, why…[Read more]

OK pick me !!
I’m no mentor but I’ll take up your challenge.

Unfortunately, will not be able to post details till next Wed. after discussions are finalised.

Would have to be an interesting read……
Thanks Terry

kp

Wayne,
Most accountants or solicitors will be able to organize a company for you.
Usually they have a few shelf companies, with the names already picked and registered, which are transferred over to you or the directors you nominate.
If you want to pick your own name for the company, it may take a bit longer as it need to be checked with asic…[Read more]

I saw it….
I read it….
That whole area is going to take off now…..and become a real hub of activity.
Anywhere you poke a stick at in WA seems to be going off.

Has anyone mentioned the bu*ble word yet ??

kp

If you come to the conclusion that it was the wrong decision, can you sell for a gain ?
What is the current market value of your apartment compared to what you paid for it?
What was the purpose of the purchase in the first place…was it purely for investment to rent out, or did you have ideas of living there yourself at a later date ?

Prices may…[Read more]

Hi Bradshaw,
I am in a similar position in that I am also lost in the desert in the Pilbara of WA.
I have a similar idea to move on within 12 to 15 months.

It seems that you have the opportunity to make the move and not leave your employment for 12 months.
I would suggest try it out first and see how you settle in.
Theres plenty of work in most…[Read more]

uhhhh…..
Someone forgot to ask Dazzling if he is interested ??
And so, far he hasn’t respopnded yet…

Gross, what area of specialising are you promoting and what are you offering ??

Interested in some of your financing models..

kp

Hmmmm…
Its not looking good so far…

Any more informed opinions on N/bridge ??

Sorry Mei,
Bad habit. I always build in pairs.
Usually on duplex blocks, but I can’t find too many that work atm.

Redwing, I thought that was on the mydmap they included with the article. If that is the case, it will definitely impact on the area ??
But they did mention that it was all due to go ahead withing two years, so it could take two years…[Read more]

Hi Mei in Singapore…..
No ma’am,
Lot 101 was the other one.
I know who has an option on 19…..if its not exercised, maybe you should pick it up ?

As it is, looks like I have forumites as neighbours on both blocks, as well as across the road, and that forumite has a block in the Anchorage estate, which is neighbouring another forumite….and…[Read more]

I guess Foundation, if most of the buyers were speculating on these blocks, by either, trying to flip before titles are issued, then what you say may be true.

However, if all these buyers are homeowners or first home buyers who want to build then I think you are being a bit alarmist.

It is possible that demand exceeds supply, and in Perth right…[Read more]

I have always thought Northbridge was over rated.
Supposed to be the restaurant district….( joke)

The signs were there when they tried to create a chinatown all those years ago.

Pretty much every capital city in Aus has a thriving chinatown.
Perth’s version in Northbridge is pretty disappointing.
Not a happening place at all.
Northbridge as a…[Read more]