I can confidently recommend troy harris from rookie developer. He does a 1 day bus tour for around $500 or a 12 month mentoring programme. I have done the bus tour, well worth the money. He is melbourne based.

I saw Aussie Rob speak and am an experienced FX trader. I was amazed at people rushing to the stage to buy the product, to the point of assuming they must have been "plants" in the audience. I was very unimpressed with his system. I have tried many different avenues to try to ensure trading success and it is very difficult to find anyone that is…[Read more]

Where to start…. I am one of Richard's many borrowers and currently have 3 development sites in progress up there, for a total of 15-18 townhouses. The market is booming and there are fantastic opportunities.The coal exports are increasing, but the primary investment in Gladstone is LNG. There are 4 major LNG projects each worth $15+ billion…[Read more]

Wait a few months until the current rush for under $500k units is over, once first home buyers have to start paying stamp duty. There will be plenty to choose from then.

The market in the Western Suburbs of Melbourne has been very difficult. I just sold a property there, had it listed for over 6 months and had to chase the market down to clear it, by pricing it as the best buy in the suburb. I ended up selling for $100k less than my initial asking price, but it freed me up for my developments, which are far better…[Read more]

If you don’t fancy paying high rents, don’t move to Gladstone, unless you plan to buy.

It sounds like the ULDA are going to screw up the Moranbah housing market as well with a huge amount of land set aside for under-market housing as they have just done in Gladstone and Rockhampton. This is probably what your bank is concerned about.

http://www.ulda.qld.gov.au/_dbase_upl/MoranbahDevScheme.pdf

thecrest, this thread is almost 4 years old.

Is it 5 years from land purchase or 5 years from development completion?

The mainstream media is finally waking up to what no bond issues for Australian banks would mean for the housing market.

http://news.domain.com.au/domain/first-home-buyers/europe-crisis-threatens-our-house-prices-20111125-1nxvz.html

An excerpt “The implications of another meltdown in credit markets are dire. Roughly a third of the funding for…[Read more]

As a developer your goal is to maximise your profit margin, by meeting the market’s needs at minimal cost.

Your key levers are:

1. maximise the number of units – I have seen DAs for 5 townhouses on a block which was large enough and had the right zoning to fit 8.

2. minimise the floor space – especially wasted floor space. I have seen terrible…[Read more]

You need to have the same corporate email address type i.e. xxxx@xyzco.com.au and it is only limited functionality, it doesn’t include either My Valuer or My Research.

We are seeing signs of entering step 5, with Ralph Norris advising they can't roll over their debts given events in Europe."Step 5. Australia will be competing with every other western nation, (think USA, Spain, Greece, Portugal, Iceland, Ireland) for debt funding to try to keep the housing bubble propped up. The debts that Australian house owners…[Read more]

Hi Josh,

Past 18 months my Gladstone property has increased in rent from $360/week to $560/week (probably still slightly under rented).

Vacancies have actually increased in the past 4-5 months from around 60 on realestate.com.au to around 220, but discussions with other seasoned investors in the area indicates that by mid 2012 we should be at 0…[Read more]

We are well into step 2 now, with large western economies now unable to refinance their debts at reasonable interest rates.

“Step 2. Japan, China and other nations that have been funding debt not just for Australia but the rest of the world, wake up and realise that the debt funding to Western nations can’t continue. Treasury auctions will have…[Read more]

Yes

This can vary significantly. I am currently doing a development in Queensland. The council contributions will be 5 times the cost they would have been to do the same development in Melbourne!!

Marie123 wrote:
So are all those that are saying that the end is coming, or there abouts, are you all selling up your property and putting it into gold, cash, something else? Or don't you have property to begin with? Honest question!

Interestingly, I am rather exposed to property. My Melbourne property has now been discounted by $80k and still…[Read more]

Bumping this thread in light of the Euro-crisis.

Italy and Greece are on the edge of a very steep drop.

http://www.watoday.com.au/business/world-business/will-italy-tip-europe-over-the-edge-20111112-1nctz.html

Joel Smith wrote:
Hi, I have looked everywhere on the net but I have been unable to find this "2 hours DVD" that I keep hearing about. Can anyone point me in the right direction? I'd really appreciate it.Cheers!Joel

http://www.renovatingforprofit.com.au/content/free-dvd