Forum Replies Created
Ballerina,
Councils in Sydney work on per/sq meter construction cost. is it same for BCC.
$26K for 3 bedroom dwelling seems really really high.
Let;s say medim finished 3-4 bed/2 bath/ house cost $230K (turn key) . that is roughly 10% of total build.
For $475K construction cost, we paid around $1200 DA fee in one of the Sydney area council + $2000 (rough estimate cost)
Nigel,
Good post and reading.
It is true that people are posting gross yeild and return for property in US and in Australia.
Spoke to someone that said, most of his returns are getting chewed by PM fees,other taxes and charges.
HI there,
Here is a info for off the plan purchase.
It gives a clear definition of Sunset clause(Page 3 ) + more
http://www.commerce.wa.gov.au/consumerprotection/PDF/Publications/buying_land_off_the_plan.pdf
HI there,
I like your profile name, suits me fine too!!
Anyway, i came to this forum with lots of question and looking for right answers from well experienced members.
i posted an question like you did!(about 10-12 weeks ago). and since then we bought our IP (settlement in end of NOV 2012) and already looking for 2nd IP!!!
So i want to thanks members of this forum and PI.com itself.
it goes to show that you are at right place and if you follow advise of members from this forum, all your question will be answered + more!!!
At the beginning, i spoke to Richard (QLD 007) and he put me in right direction. He is in QLD and I am in NSW (at this day and age, it is not an issue for lot of ppl). so i contacted Shahin( finance shop) and he structured deals and helped us to found area/properties and gave us right advice and knowledge and we are on our way for buying right properties. so thanks to both members!!!
I am sure other brokers/members would offer similar advice and service,
i know i didn't answer your question, but my post may put you in right direction or at least give you an assurance that you are at right place.
HI Narne,
few of my friends bought with that builders off the plan and they wish they never committed to it.
two reasons:
Once you pay deposit for the unit, you don't have options/or money to look else where, you are kind of locked in to it
it may take year or two longer then what builder is promising (usual for this builder from what i hear).
I agree with shahin that if you are buying at $390K + cost, think about resale.
Very good friend of mine bought town house (3 bed+ 2 bathroom) for $420K in toongabie area, close to station, so look for such properties.
You can also ring Anthony at Benprice real estate in Mt druitt, he has few houses (on bigger block) closer to station. such property can be subdivided and sell to repay your exisiitng loan and reduce debt.
I am not profession investor but Shahin(he knows western Sydney area well) and others on this forum can guide you well.
Hi o0tegs0o,
I wanted to ask same question.
Picton and Canberra isn't far from goulburn, and 100 acre property can be picked up in range of $350-$550K.
if they build High speed rain network, Goulburn have potential to be another western sydney, but ONLY IF.
what do you guys think? love to hear from ppl who have invested in Goulburn.
Thanks Tom.
What would be the amount i can borrow?
