Thanks Freckle.

My site is being built by a professional developer and SEO expert, so should be fine. Good to know the options.

Cheers,
Matt

The RP Data group is now live.

It is also open for more subscriptions, if anyone is interested now or in the future. Just send me a message.

Everyone who has paid should now have received their login instructions and email direct from RP Data to create their username and password.

Cheers,
Matt

Which affordable SEO tool would you recommend Freckle?

Hi, I am in the process of contacting everyone who has shown interest in this national subscription for RP Data. Everyone should have a status update in the next half hour or so.

We are starting this group from 1st April, so if anyone else is interested, send me a PM for further details, as it isn't too late to join.

Cheers,
Matt

Can't you use other sales in the same unit block as yours which will settle at the same time to demonstrate the value?

Hi Dan,

I have several developments in Gladstone. In Central Lane, that sounds like it could be too low density and the council may not approve it. Depending on the exact location and block size, you could be getting as high as 1 unit for every 100 sqm of land and 4 or more stories.

If you drop me a PM with your email address advising the street…[Read more]

Was the valuer HTW by chance? You want to make sure that the next bank uses a different valuer, or you will get the same result. 

I have been in similar situations and did some research into which valuer gave the best valuations for that type of deal in that suburb. I then went with a lender that used that valuer on their panel.

The difference…[Read more]

I should add that the ideal scenario may be to do a corner block, with existing house remaining and add 2 x 2 storey townhouses. I did one of these last year on 868 sqm.

Another vote for the subdivision route. It is the ideal place to start with small developments. Often the numbers will stack up better to leave an existing house, even if it becomes a lower density development, rather than knocking a house down and building 3.

Just run the numbers and see which works best and that you can get finance for. The…[Read more]

Sounds like a good cashflow strategy.

What sort of rental yields do you pay landlords and what do you rent them out for?

Do you normally furnish them also?

What do you mean by "maintain" property? Does this include repairs?

I'm not aware of this strategy being used in Australia. 

Ok, I'll bite. What is rent to rent?

To answer your 2nd question, there is a great game called Cashflow, from Robert Kiyosaki. It is a physical boardgame, but there is also a free online version you can play here. http://www.richdad.com/Rich-Dad-Games/CASHFLOW.aspx

My understanding is that marriage wasn't the issue, just her being your partner and having kids together was enough.

I bet she now also receives a decent chunk of money from the taxpayer to assist in maintaining the lifestyle to which she had become accustomed.

The whole system is screwed up. 

I think before getting too far down the development path and getting planning advice, do a quick back of the envelope estimate of the development cost vs end valuation.

In remote smaller towns, construction costs are often high and i would be surprised if the end valuation would justify the cost at current market prices and get enough profit…[Read more]

It really depends on where the development is. In gladstone where I am developing, zoning tells you everything and there are massive differences depending on what density it is. 1600 sqm could allow anything from just 1 house to 16 units.

While there are some overlays for things like wetlands, the process that council has been through to…[Read more]

Hi Shahin,

My website will provide a number of free introductory lessons in property development, and if people like what they are receiving, they can subscribe for a full course, with a number of tools and templates.

I am looking to provide enough information to people to determine if developing is likely to be the right wealth creation vehicle…[Read more]

Hi Ross,

It depends on the zoning of the property, this will be what determines the density of what you are allowed to build. You need to check with the local council, or a town planner or architect/building designer who works in the area should be able to advise you.

You can definitely fit 3 x 2 storey townhouses, but single storey villas will…[Read more]

Please advise not just the state but city / town you are building in as build costs can vary significantly between locations. The suburb will also assist with understanding the market and resale values. 

I love the type of build you are doing, that is the same as i did for my first development. Being able to retain the existing dwelling really…[Read more]

When the government isn't doing anything to stimulate the economy, despite rba's recognition that it is necessary, why would you expect private enterprise to act in a way that reduces their profitability?

1) set up my website for aspiring property developers
2) finish another 2 developments and start construction on my first apartment block
3) quit my day job at 38, woohoo!!