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What I was suggesting in this post was that not only is there a proeprty cycle for each major market (eg Melb, Sydney Brisbane etc) but within those markets, there are sub cycles – suburbs go through cycles

I look for suburbs in transition, those that are improving through genrification.

Of course it makes sense to buy at the bottom of the…[Read more]

Can I get another star too please?[biggrin]

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.PropertyUpdate.com.au

Interesting comments Nigel and it confirms my thoughts about most finacial planners.

There is no simpe answer to cleaning up the industry, there will always be bad apples.

Some who try and take advantage of others but many just don’t know what they don’t know, but give “advice in good faith”

Michael Yardney
METROPOLE PROPERTIES
Author of…[Read more]

Our research shows that markets have bottomed in Sydney, Melbourne and Brisbane (this doesn’t mean we in the next boom yet!)

I am actively buying for myself – have for 6 months- and very strongly for clients.

If you can buy “good” property below market price, add value and have a medium to long term perspective, it doesn’t really matter how…[Read more]

To help answer your query it would be great to know what you want to achieve, and a little more dteail about the property – where is it, what would you uild, waht type of return?

Otherwise it is hard to give a relevant answer

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each…[Read more]

To get accurate results you need to undrstand how you get your returns from property.

These include.
1. Cashflow
2. Capital Growth
3. Tax benefits.
4. Adding Value

There is also the time value of the money . Getting $10,000 today is worth more than getting it in 5 years time (because you can do something with it in the meantime)

Using a program…[Read more]

The past couple of years have been tough for many real estate investors looking for ways to cash flow their properties. Many I speak to are worried about the stagnant markets and the downturn in some areas.

They often still want to get involved in property but are shying away from the conventional buy and hold strategies that have worked well…[Read more]

Well located proeprties have doubled in value every 7 to 10 years for the last 45 years and there is little evidence to suggest this won’t continue.

The cover storey of December Australian Property Investor (to which I contributed) discusses this exact topic, with facts and figures

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s…[Read more]

Originally posted by JJ&Jo:
Can anyone recommend a good real estate agent to sell a property in Abbotsford Melbourne? We are trying to sell a one bedroom place there and have had no interest in 3 months!!!

Any ideas?

Thanks

JJ&Jo

Many would say Xmas is a quiet time to sell, but there were lots of sales in Nov and early December.

WHile we…[Read more]

I know a number of them in Melbourne but don’t know of any in Adelaide.

Sorry[glum]

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.PropertyUpdate.com.au

I agree with Don

It is critical to choose the right property manager, and don’t choose on fees.

If you want to know what questions to ask a prospective property manager have a look at this report….
http://www.rentingmelbourne.com.au/html/s02_article/article_view.asp?art_id=109

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading…[Read more]

The council town planners know an angry aggressive neighbour when they see one.

Neighbours always complain about proposed developments.
The council only entertains relevant town planning objections, not spurious complaints.

Having said that you should have already had someone represent your project to council. Have you used a town…[Read more]

Property development can be lucrative, very very lucrative. Have a look at this article on the benefits of becoming a property developer….

http://www.propertyupdate.com.au/articles/19/1/The-Benefits-of-Becoming-a-Property-Developer

I spend a significant part of my time helping investors become property developers http://www.metropoleprojects.com.au,…[Read more]

If you are “new landlords” I would be very wary about doing your own property management, especially if you are interstate.

I know of all the things that can go wrong from my personal experiences as a landlord and particularly from my wife Pam’s experiences as director of a property management company. http://www.rentingmelbourne.com.au

Property…[Read more]

Agent’s commisions vary between 1.5-3% plus GST.

There are also legal costs ($500-$1,000) and possibly finance break costs due to the short term of the loan.

It’s great that your property has increased in value.

Have you considered not selling, but refinancing it?.

It is likley your property will continue going up in value and it won’t care…[Read more]

Originally posted by andyperry16:
hi all,
i would like to hear from anyone who has dealt with Cameron Bird real estate agents?
a buying agent who doesnt charge? is that to good to be true?
any info would be great.

Cameron Bird have been around for a while and in general sell properties on behalf of developers…..

Nothing wrong with that!

But…[Read more]

Originally posted by dee dee:
For real. Thaks for the advice, I’ve got a few different areas in mind and will continue to do research for at least the next 6 months. I hadn’t heard anything about buyers agents until recently on the net, then I found out a friend of a friend went through one. It cost them about $2000 and then one I saw on the net…[Read more]

Originally posted by Dr.X:
what do seasoned developers usually do on a site with a significant but sick-looking tree?

1. Obtain an arborist report to remove it?
2. Let it go and keep looking for more property
3. Any other suggestions?

We buy properties in Adelaide. No Agent Fees.
xenia@creativerealestatesolutions.com.au
phone 0412 437 582

It…[Read more]

A few other thoughts for a beginner:

1.Take time to educate yourself – there is no hurry in this market.
Read books, attend seminars, ask questions on this forum.
Get to know your local property market like the back of your hand.

2. Get you finance in place before you start seriously looking at properties so you know what you can afford. Learn…[Read more]

If you can’t be there to do the research and understand the intricacies of the market then I agree with the other posters that you should consider a proficient buyer”s advocate.

This is a relatively new industry in Perth compared to the eastern states, but I have had some dealings with one company – I can give you details if you email me.

Just…[Read more]