Originally posted by mt87:
hey guys, im new to this forum. Just wondering if anybody (in Melbourne) knows of any suburbs that are likely to experience solid growth? I’ve been keeping an eye on Box Hill, Ashwood and Burwood as they are in and around already established areas, are close to the city, shops, transport etc. but are yet really boom. I…[Read more]

Originally posted by fernfurn:
It sounds possible to me. My drafting guy (very experienced with the Council I deal with) told me that once approval to build has been issued, subdivision is issued as a matter of course. Speak to a surveyor too. I have built a new townhouse behind an old house and it all went as above. I wouldnt be telling the…[Read more]

Service stations can make great investments.

As long as the tenant is on a long lease and it is a decent size service station. The oil companies have been rationalizing their busimesses and care losing down the smaller ones.

Also check who’s repsonsibility it is to do remediation work on the site if the tenant leaves. All petrol stations have…[Read more]

I agree that Nick Moustacas from http://www.strategicwealth.com.au is good and knows all about property.

You could also consider Ed Chan http://www.chan-naylor.com.au

there have been a few posts about him lately

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

Originally posted by Dobby:
Why not go for a simple family trust?

I skimmed the letter from Michael Yardney and all it basically said was that there were different trusts for different purposes. The majority of people on this site will be going for positively geared property therefore a simple family/discretionary trust would do the job.

I think…[Read more]

In which state are you searching?

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

The PM will charge you the normal management fees.

When a proeprty becomes vacant and the find a tenant, they will then chareg an additional letting fee.

Being OS means you have to find a reliable proeprty manager – one you can trust.

Where is you property?

Aslo the body corporate does NOT cove landlords insurance. Your PM should help you…[Read more]

Originally posted by joshandboff:
I am a south african, recently moved to aus to be with my partner. I have 2 properties at home (south af) and am thinking of buying another.

I would like to do some courses here in aus to learn the systems etc, that will allow me to invest here. Any advice, links or numbers would be much appreciated!

Any ideas…[Read more]

Originally posted by Pete&Jackie:
Hi Everyone,

Does anyone have a property manager they can reccommend who deals with Moranbah or Dysart? Also an idea of the fees they are charging would be great.

Whilst on the subject of Dysart, has anyone much experience with the market there? What are people’s thoughts?

Cheers,
Pete

While I can’t give you…[Read more]

Originally posted by andymitchell:
Hi,

If an off the plan development is selling 10 units at, say, 100K (theoretically).

Person 1 buys a unit at 100k.

6 months later, tough market, the developer drops the remaining 9 unit prices to 80k.

Can person 1 do anything to get any sort of refund? Or is it tough luck?

You are right….It is tough luck…[Read more]

There is an online service which allows you to estimate your depreciation allowance at

http://www.taxestimate.com.au/

I have no idea how accurate this is (I guess that’s why its an estimate.)

When you eventually buy your property you will need it to be done properly and that’s where Scott (DEPRECIATOR) will be able to help.

Michael…[Read more]

Originally posted by redwing:
I’d disagree with Michael (and I repect him immensely) about it being the best book, as it gives an overveiw but no specifics…

however, thats just me..

I liked the book and would say its worth buying..but so are both of Dale’s books and Ed Burtons.

Michael

Any chance of getting Ed to comment?

REDWING

“Money…[Read more]

Originally posted by katfrat:
Thanks everyone for your replies.
Very informative. Thanks Michael that report is fantastic

You are welcome

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

WHich State are you in?

I can recommend some engineers in Melbourne

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

Originally posted by vernon:
Hi,

I am looking for recommendations for a good property manager in WA. Especially one that can get good tenants for rental of a house.

Thanks [biggrin]

Don’t choose your property manager on fees alone.

Herer are some other questions you can ask – just click on the…[Read more]

Originally posted by katfrat:
About to lease our 1st house.
What questions should i be asking PM’s when interviewing them for the job.
Thanks in advance!!

Don’t choose a PM on fees there are mnay important factors to consider.

Ivé discussed many of them in this r…[Read more]

You will find that your lease will stipulate that the tenant must recify any damage they have caused and do so at latest when they move out at the end of the lease.

I think you should get this rectified NOW. Of course if they don’t rectify the damage they have caused, you may be able to take them to the tenancy tribunal.

Michael…[Read more]

Originally posted by redwing:
So is your initial post then Michael as you mention the Investing Course???

We are foundation members of the PIAA – Property Investment Advisors Association whcih is hoping to be the self regulating body.

It also has also launched the first proeprty investment course…[Read more]

Originally posted by Dr.X:
Hi Mike,

Maybe someone should step in and regulate real estate agents giving investment advice, they are the ones that cause the most trouble?

Most of them wouldn’t know what an investment is if one jumped up and bit them.

We buy properties in Adelaide. Immediate Cash Settlements, No Agent…[Read more]

Redwing,

NO the article is mis leading – it is for property investment advisers

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