Originally posted by Dazzling:
Hi Mike,

First off I respect your knowledge and experience in the property field. I believe I could learn alot from you. Please don’t take my comments as disrespecting you personally.

I’ve seen some self regulated, registered, licensed examples and the amount of shonks would probably be greater. I’m certainly…[Read more]

Originally posted by redwing:
Hi Michael,

TAFE in Perth and Adelaide have been running a property Investors course for a while now as well as a Real Estate Agents Course (REA Course would be in competetion to REIWA).

However, In saying that I wish you all the best..keep us up to date with the PIAA – Property Investment Advisors Association; is…[Read more]

Originally posted by Cata:
It sounds like a unit trust to me.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

No I know its not a unit trust. I was explained some of the intricacies over lunch lasat week and it is much fancier than that.

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

Originally posted by Wantok:
Has anyone had dealings with LJ Hooker Property Source? They’re the investment arm of LJ Hooker and describe themselves as a comprehensive investment property resource.

I would be very interested to hear your views, good, bad or indifferent?

Regards,

Jack

A good buyer’s advocate has access to every property for…[Read more]

Its not just “fancy marketing” of something already available from other people is it Michael?

REDWING

I don’t know. I’m sure they are not the only smart accountants and as I said I have not read the trust deed

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

Redwing

The trust is specially usueful for proeprty investors with special provisions for land tax and distributing income even before the property is positively geared.

I haven’t seen a trust deed but it has QC approval as a legitimate tax effective document.

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

I agree with gavvic

We’re dealing with agents all day. They are basically selling (their) time – not properties.

They only have so many hours in a day. They will work on properties where they are reasonably assured a commision.

Have you considered that the reason that the property is not selling is not the agent, but the price?

At the right…[Read more]

Originally posted by redwing:
Just wondering if anyone on the Forums has used Ed Chans Property Investment Trust structure?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I know Ed well and discussed this trust with him in detail…[Read more]

Originally posted by batts71:
G’day guys,

About to look for some IP’s along the GC – Brisbane corridor. Has anyone had any luck with RE agents in that particular area. I’ve just found it hard to locate RE agents that understand what investors are looking for.

Any tips greatly appreciated.

Regards,

Batts

Contact Barry Pickering from Onsite…[Read more]

Originally posted by grossrealisation:
hi all
MichaelYardney I sent you an email yesterday for those excels and thanks it was very interesting on tuesday.

Hi
It was great to meet you on Tuesday in Sydney and put a face to the many names on this and “the other”forum.

I didn’t receive your email – try again at myardney@metropole.com.au

Michael…[Read more]

The estate agents won’t know, because its a pretty specialist market.

These clinics can do well, (I’ve built 2 years ago) but I’ve seen some stand vacant for a long time. The problem is the very small demographic of your potential tenant.

You would be best to find a tenant in advance and purpose build it.

It would be great if you could get an op…[Read more]

Based on our research, I feel the Melbourne proeprty market will reamin flat for another 18 months and then start picking up in 2007-8. The next peak could be anywhere between 2010 – 2016.

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

I agree with Nigel about Point Cook.

There are too many rental properties there and not enough tenants.

Remeber it is supply and demand that pushes up property values as well as rentals.

It’s no fun buying an ‘investment” and having it sit vacant for months because of lack of tenants.
It also really hurts your cash flow[angry2]

What are you…[Read more]

Landlords don’t have to supply flyscreens, but they are “small minded” if they don’t.

You are more likley to leave when your lease expires and the vacancy will cost them more than the price of some flyscreens.

It will be an ongoing problem as future tenants will also have the same request.

We have never had maintanance problems with fly…[Read more]

In England town houses were what the rich had in “town” so they could spend thime in the suburbs when not on their country estates.

In the 60’s there were
1. <b>houses</b>,
2. <b>flats </b>-dwellings in multi storey buildings usually rental rather that own your own and that’s where the poorer people lived
and
3. <b>villa units</b> – small usually…[Read more]

In England town houses were what the rich had in “town” so they could spend thime in the suburbs when not on their country estates.

In the 60’s there were
1. houses,
2. flats -dwellings in multi storey buildings usually rental rather that own your own and that’s where the poorer people lived
and
3. villa units – small usually single storey…[Read more]

I guess it depends on what you are looking for – if you are talking capital growth, then there are some suburbs that are still performing well and outperforming the averages.

Residex http://www.residex.com.au provide good reports at very fair prices.

and as you say http://www.reiv.com.au has graphs with price statistics for all suburbs.

Michael…[Read more]

You will find that retirement is a concept of the poor and the working class.

The wealthy don’t retire…its nice going to work when you don’t have to.

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

When you look for a PM don’t go on fees. Recommendation is a great way to start.

If you wnat to know some questions to ask prospetive PM’s 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 property e-magazine.
Join over…[Read more]

Originally posted by peter068:
Hi to all those experience negotiators!!
We are interested in purchasing a unit in a new complex through an agent. The building is finished and of the 82 units/apartments, only 3 show sold. I know from experience that when we has asked agents in the past regarding pricing for off-the-plan units, we have been told…[Read more]