Originally posted by ian_from_brisbane:
Could someone please give me a rough idea of how much rendering costs? I don’t need an exact amount but I have had a lot of trouble find any information about it in Brisbane.

Thanks!

In Melbourne it costs $40 -45 per sq mt applied

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

The box gutters are usually done by plumbers. They will also install colourbond fascia. There are also specialist fascia and guttering companies.

If you use wooden facisa it will be considerably more expensive and you will also need a carpenter.

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

Both methods work.

The tradesmen we use prefer to paint over the render. It doesn’t cost extra and lasts as long.

The real benefit is in touch ups. If you get chips or damage it is easy to patch up with paint.

With colour through render you have to redo a whole wall to match colours.

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

You are correct that you will find bargains when you find a motivated vendor, but I don’t really think that either method you suggest will flush out motivated vendors.

They don’t usually announce themselves, but often the agent will let you know.

You may flush them out with “cheeky offers.”

Michael Yardney
METROPOLE PROPERTIES
Author of…[Read more]

I agree with See Change – Kieron Trass’book is the best I have read on cycles and should be on every investors bookshelf.

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

Most of the expenses you mentioned are capital costs – ocsts of setting up your business as a property investor and are unlikely to be deductible.

Interestingly the interst is deductible – there have been a number of test cases that have come down in favour of the investor for this.

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

BIS Schrapnel seems to get lots of publicity for their forecasts which is curious since they are invariably wrong.

The last time one of their predictions was right was the end of the property boom in 1989.

Have a look what they said last year and the year before and how they predicted huge drops in property values in Sydney and Melbourne – these…[Read more]

It depends what you mean by “boom.”
Remember the boom stage is the shortest stage of the property cycle and in my opinion the hardest time to make money.

In general property cycles occur in our major capital cities every 7 years. Both Melbourne and Sydney’s booms ended about 2 years ago in late 2003 helped by 2 interest rate rises.
Brisbane’s…[Read more]

JenD
You may need more tha your neighbours consent. If other adjoining properties have teh same covenenant ( and that ususually is the case) you will need everyone’s consent.

Its a slow tedious process – MOVE ON TO THE NEXT SITE.

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

Originally posted by Dougiejg:
HI all
If I make an offer on a property that is unconditional, but I have not yet organized finance, what are the possible outcomes for me? ie. what is the worst that can happen?

Unconditional offers are very powerful and help in the negotiating process. But they commit you to the purchase.

If you default, you…[Read more]

Originally posted by rosieb:
Hi

Im looking for a switched on accountant in Melbourne. Any suggestions pls? And reasons why you’d recommend them would be appreciated too.

Cheers

R

I know a number of great accountants in Melbourne that we refer our clients to. They are all property savvy.

Who I would suggest will depend a little on your needs…[Read more]

Originally posted by Tools:
Hi Michael,I understand the theory,but investors require the information to make informed decisions as well.I jusy don’t see how REAs are above it all.
Tools

You are correct – its privacy laws gone a bit stupid.

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

Originally posted by Tools:
In the Herald Sun on a Sunday they pick a property that is for sale,and list all the prices it has been sold at for the past 20 or 30 years.I assume thy must get this information from a real estate agent.But if this information is covered by privacy laws,what is the difference between a RE and an investor accessing…[Read more]

None of the general providers of property information can give you this as they are all bound by the same privacy restrictions.

This is a Vicorian restrcition – it doesn’t make sense to me why privacy legislation should vary from state to state.

Estate agents and valuers have acces to this information. If you are wanting to know about sales near…[Read more]

Originally posted by jie-ji:
Has anyone heard of OliverHume’s investment property strategies… Partner and I are looking at investing in properties. Partner seems to think they are a good way to start. I’m not so sure. i assumed they were only involved in developing/sales. Only detail partner can tell me is one can buy IP’s with with very little…[Read more]

Originally posted by redwing:
Michael YARDLEY will know him

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

Yes I do know him.
Firstly let me disclose that his is a personal friend, so I am biased.

And no he is nothing like Ed Burton.

Ed…[Read more]

Originally posted by Aphex:
I have a property that is vacant and being managed by a local real estate agent. As it has been sitting idle for quite a few weeks, I was wondering if it would be an option to get another local real estate agent to advertise the property as well.
Is this something that competing agents wouldnt do because of ethical or…[Read more]

Carl_Vic

Unfortunately you can’t simply use someone else’s plans.

Town planning requiremnets for multi unit devlopments are very stringent and require that you draw plans that are site responsive and sympathetic to the neighbourhood.

If yo wnat to get some preliminary knowlegdge of how a development project is put together and the various…[Read more]

Originally posted by Lightning:
It is safe to assume property advisors are simply real estate agents. Some don’t even bother to get real estate licences to properly disclose commissions .

You are correct- many marketing companies do not even hold an estate agency license.

And Chang is correct that acting as a buyer’s advaocate and getting a…[Read more]

Originally posted by luke__moore:
Hi,

I’m new to the game and when searching for an area to look at closer I have been using research tools such as, RP Data, Residex, Homepriceguide, Commonwealth Bank Property Value Guide, Property value.com to name a few. The problem is, when comparing info there a discrepancies in the data. Which of these are…[Read more]