Originally posted by colbert1982:
Wow, its looks like Michael has a new word to use ‘prudent’.

Michael, it is in your best interest to advise people to seek developers advice as it keeps your industry ticking over, as a result, you are not the best person to reply to this topic as you are biased.

One more thing. Tell me how much of your…[Read more]

If you’ve never done this sort of thing before be very cautious.

Have a look at the post on the risks of property development in this forum.

Then have a look at Residex’s predictions for the SE Qld unit/ townhouse market for the next 5 years.

They predict NO GROWTH for 5 years, based on the fact that historically every time there has been a…[Read more]

I can understand why you are nervous renting out your home.

here are some questions you could ask. Just check out this link:

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 10,000 readers each month.
FREE…[Read more]

I agree with Nigel. Property in Point Cook may offer a great lifestyle, but currently makes a poor investment.

I know of a number of investors who have bought proeprties there and are having real trouble leasing them.

They have sat vacant for months despite lowering the rents.

You could probably find a better area in which to invest.

For…[Read more]

Originally posted by marsden:
Living off equity depends on continued and sustained capital growth. It assumes that while capital growth may decline and grow these factors will in the long run average out to a growth factor of about 5%. As proof, proponents refer to growth figures from around 1965 on. Again, this positive growth has to be sustained…[Read more]

I know Bill very well so I am biased.

He’s a very smart guy and won’t talk so much about interest rates or fees. He will discuss sensible investment strategies.

We refer about half our clients to him and have had very few issues. He’s got a great team and should be able to help you.

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

A license agreement is the normal way a delayed settlment is handled.

You are correct, it does not give your friend the normal rights of a tenancy agreement.

The reason is that if he fails to settle, he can be kicked out (I know he wants to settle, but things happen.)

Since the delay is due to the landlord not being able to settle, he should be…[Read more]

Are you allowed to biuld townhouses on the land?

What is the council zoning?

I agree with Ausprop’s ballpark costings but then there are all the other costs including consultants, council fees, holding costs interest.

These may add another %40-%50K per unit

Get a proficient development manager or someone with experience to do a feaibility for…[Read more]

I’ve just come from Sydney presenting at the Reno King’s workshop (Steve McKnight was there also)

Paul and Geoff are great guys and in their seminars give all the warnings. They don’t expect people to renovate like this.

They wouldn’t or couldn’t do it normally either.

But if a TV station asked YOUto pull off a publicity stunt like that what…[Read more]

Originally posted by calm:
Good morning

I’m a newbie and am looking for some advice on buyers agents. I haven’t heard much about them so think that maybe they are too expensive or not the done thing. What do you think?

Cheers
Leanne

HI Leanne

Many investors use buyers agents and don’t find them expensive.

It’s not what they charge, it’s…[Read more]

To help you do your research into finding a good PM here is a report with some hints and 12 questions you should ask ….

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 10,000 readers each month.
FREE subscription…[Read more]

I’ve been in Sydney this weekend presenting at the Reno Kings seminar ( as was Steve McKnight and a host of others)

Lots of things were discussed from +ve geared properties to property development.

But 2 smart presenters (advanced investors themselves) explained the concept of living off equity. It was similar to my explanantion in this…[Read more]

I have known Rick for a number of years and have goten to know him better recently.

In fact I am having dinner with him in Sydney tonight.

He’s a nice guy and very genuine. He’s very clever and learned many of his techniques in America in the 80’s when you couldn’t give properties away.

He teaches many creative techniques, but he is not a…[Read more]

Originally posted by Ash75:
Hi all

I require assistance in finding a good town planner for a mixed residential/commercial development in the City of Kingston, Victoria.

Your recommendations would be appreciated.

[worried]

Thanks
Ash

Hi Ash

I can recommend one of 2 good planners we use in Kingston. We have obtained about 15 development…[Read more]

Originally posted by Luci:
Forgive me if I’m wrong (I only deal in single residences), but I thought Town Planners were hired by the council, and you as an individual don’t have a choice as to which one you deal with?

Luci

As a developer you often engage a town planner to represent you with your development application with council.

There will…[Read more]

Originally posted by kay henry:
Michael,

On your “real job”, I calculate (on a vanilla taxable income of 100k with NO deductions- this would be unlikely for RE investors, as all would have deductions unless pozz geared…) that the tax to be paid for 2004 earnings would be $33,807 plus 1500 for medicare allowance. The figure paid for tax would be…[Read more]

Originally posted by tomtkb:
Hi, I am new in PI, I have been looking for a good long term rental property. I stumbled on this piece of property, good starting features and benefits. Almost always tenanted.

It is a property url :
http://www.collegesquare.com.au/collegesquare/

I would like to seek some of your views regarding this type of PI. Some…[Read more]

Originally posted by gogo:
Has anyone come across this problem?
ANZ bank aproved construction loan subject to strata title proof. Council aproved DA application but can not aprove strata tile until building is built. ANZ will not send letter of offer without strata tile proof Council will not issue strata title until building is built.

No I…[Read more]

Originally posted by The Mortgage Adviser:
So when is the next $55 special in Sydney? I seriously want to check it out!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Robert
Its a pity you missed my annual briefing which was held last month. Next one is next year.

Despite all this talk about my seminars I…[Read more]

Try Rob Balanda of MBA lawyers in Surfers paradise on (07) 5539-9688

He trains esate agents and lawyers and really knows his stuff

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