I agreee with the majority of posters here.

As I said in a previous post we are currently involved in project managing 85 developments for clients from all over Australia.

I also own my own building company but use outside builders for the projects we manage for clients.

If you take the all up cost including driveways, fences, landscaping etc,…[Read more]

Originally posted by lei:
Hi i was looking at a particular investment that says its a tax advantage of 100% for five months. What does that mean?
k

It means you won’t pay tax on the first 5 months income. This would be becuase there are tax deductions that you can claim against your income such as depreciation allowances

Michael…[Read more]

Ian
It’s a pity you paid and missed it.

Send me a private email to myardney@metropole.com.au and I will invite you as my guest to the next one (even though it may not be until next year.)

Sorry there were no notes or handouts, but the seminar was sold out and I believe very well received. Hopefully someone else will give you a summary.

Michael…[Read more]

There’s lots of reasons an agent won’t show you a property or submit your offer to the vendor.

Remember while the agent is meant to be working for the vendor, most really look after themselves first.

He could be telling the trusth about another offer – so why doesn’t he ask you for one?

Firstly he may not think you are serious and he doesn’t…[Read more]

Originally posted by resiwealth:
I believe that the bottom is still a way off, IMHO it will be early next year. There are great opportunities out there for the experienced investor.If I was just starting out i would be s…ing myself.

regards Phil[trigger]

As you know there is not one property market, so your comments are a bit to “broad”

The…[Read more]

Originally posted by Greg F:
Originally posted by g7:
Greg,The reason it wouldn’t be working is that you need adobe acrobat reader to view the *.pdf file.

Hi G7

I’ve got Adobe Acrobat Reader, I get pdf files all the time on this computer (I researched 3 large pdf files only last night), tried Michael’s link again just now and it still didn’t…[Read more]

You are correct. Valuers will not increase the value even if you have done reno work. And banks won’t accept anything above contract price for mortgage purposes.

We warn our clients about this as many have come unstuck like you.

I don’t know a way around this, but maybe one of the finance guys on this forum does

Michael Yardney
METROPOLE…[Read more]

Melbourne went into its slump before NSW and prices haev dropped in some areas but not by as much as you are suggesting happened in NSW.

We are locating properties in areas which have strong demand by owner occupiers which means that prices have held up well.

Having said that it is still definately a buyers market. Time to do your research and…[Read more]

Its great to see someone with so much passion.

We own a specialist property management company http://www.rentingmelbourne.com.au
where the whole team has passion and you sound great.

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

Do you have penalty provisions in your building contract.

All contracts include them, but many builders try and leave this section blank.

A realistically harsh penalty for delays is the best inducement I have found to keep builders on time.

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

Which state are you in?

As to which buyer’s agent is good- it depends what you are looking for. Some specialise in investments ( like http://www.buyingmelbourne.com.au) Others in prestige houses etc.

Best way to find a good one is by referal from happy users. Be careful as there are some “interesting” charecters out there.

Michael Yardney
METROPOLE…[Read more]

Originally posted by devilcv8:
Michael

Thanks for your reply, I was hoping to get to your seminar last weekend but was interstate for work!

The property is in Victoria, and from the prices I have been quoted today 8k is about spot on.

I have the plans that are going through council at the moment, but will need to get the owner to pay for the…[Read more]

Originally posted by 392649:
Hi everyone,

I have $500k that I am looking to invest in Melbourne property. (i have no other properties)

I would appreciate any advice/recommendations regarding strategies to distribute this money across multiple properties in Melbourne. (i´m considering a LVR of 65%)

thanks in advance.

As Felicity says…what a…[Read more]

Dev

Sailesh has given you good advice.

In which state is your property.

In Victoria most old houses have asbestos in them. In teh eaves or in cladding. An average old house with asbestos to demolish and clear the site could cost $8,000

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

Originally posted by “Shackles Off”:
Hello,
We are in the same boat as Wilko , Is this part of the service with the likes of Metropole (I see you posted above Michael)or Hunter House Hunters.
Cheers
Shackles

Greg
If you’ve got nothing to say , say nothing.

Yes Greg – that is definatley part of the work my team does. but I want to make it clear…[Read more]

I know the area well.
We have just completed a reno of 3 apartments there and have purchased many great properties for clients in the area -www.buyingmelbourne.com.au

There is a really simple answer. DON’T SELL WHATEVER YOU DO but if you do can I buy it off you. I’m desperately looking for another block of fats in Elwood – but so are hundreds of…[Read more]

Originally posted by Ibuycashflow:
Has anybody read this book or know anything about Bernard Salt?

http://www.thebigshift.com

He has an interesting take on the future of property investment. I am curious to know if it’s worth reading.

Cheers
Jeff

Bernard is a highly respected demographer and his book is often quoted.

As demographics is one of the…[Read more]

Originally posted by theBuildingSurveyor:
If people wish to use your services that is fine, however I beleive they can start of small like the above situatuion and graduate to yourself, without the need for expensive seminars and project management fees. That I beleive is the best way to learn, even if a few mistakes are made on the way. Michael…[Read more]

This is a common problem we come across for clients.

In the last week alone had 3 similar phone calls.

If the lease is short, an owner occupier (most of the buyers) will look at your property, otherwise it will only appeal to invetsors.

As we know, most investors have left the market so you are selling into a buyers market’to a limited number…[Read more]

Wilko
It may not be a financial advisor that you are after, even though you need financial advice.

Most financial advisors cannot advise on proeprty as part of their license and most don’t own property.

They tend to work for organisations owned by banks or funds and in general do not give you the “full picture.”

Having said that I have come…[Read more]