Originally posted by theBuildingSurveyor:
600m2 is probably enough for 2 x 2 bedroom units if the existing house is to be demolished. Dont waste your money on some checklist

You are correct that you could probably fir 2 very small units on a block this size, but would it be a viable development.

By the way the checklist is FREE – it shows the…[Read more]

Originally posted by Lopaczuk:
I am looking for a property management company to manage a tiny property in New Norfold, Tasmania. Does anyone have any recommendation? Have used a Hobart based company which has proven to be most unsatisfactory and am in urgent need of another one.[sunny]

I can’t make a specific recommendation, but if you want to…[Read more]

Originally posted by solomon:
Is there a way to find out how long properties have been on the market without having to ask for each specific property?
Regards,
Solomon

That’s a good question.

Many properties are sold within the first 2 weeks of being listed if thy are priced fairly. Otherwise they site for a while until the vendor “meets the…[Read more]

What Terry says is correct. You need to access the increasing equity in your properties as they go up in value.

The problem is many begining investors go for high cash flow properties, that have little capital growth. Its very hard to save for your next deposit ‘from a few dollars a week +ve cash flow

Michael Yardney
METROPOLE PROPERTIES
Author…[Read more]

Originally posted by Froggie:
Hi,
I am the owner of a free standing Villa part of a Hotel Resort – the Villa is within the grounds of the resort
Q) Am i able to claim an Common Area Deprication – eg: pool / golf course / private road within the resort etc
thanks for any assistance.

FG

The simple answer is yes you can. You will need a…[Read more]

Originally posted by mwooding:
A developer selling a block of land has told me it is common for the buyer of the back block of a subdivision to pay for the common driveway. This doesn’t seem right. Can anyone tell me if this is true?

Martin Wooding
Quadre Property Group

No its not true!

I assume you are buying the newly subdivided block you…[Read more]

Originally posted by mwooding:
You may have misunderstood what I said. The land is not a new estate. It is a piece of land in a well established suburb. A developer has had plans drawn up with permits and is now selling the newly create block. I am not sure if I should buy the block or find a house, like the developer did, on a large block and…[Read more]

Originally posted by arnold:
I am considering purchasing property in Melbourne that has scope for a possible subdivision in the future.

Two properties I have looked at, have land sizes of 580m2 and 600m2 respectively.

Are these properties too small to subdivide? If not ,then what is the minimum size which the subdivided land parcels can…[Read more]

Originally posted by wilandel:
Hi Michael,

We have booked for your June workshop, and are very excited about being there!!

However, our question is:

We currently live just outside Melbourne, but we will be shifting to QLD (Hervey Bay area) in December. Will what we learn be able to be applied in QLD, or do rules & regulations relating to…[Read more]

Originally posted by Marisa:
Hi Michael,

Congratulations on your success.
I am also reluctant to step side of Perth.

Enjoyed reading your comments “Is Now the Time to Develop” in API.
Cheers, Marisa

Marisa

Thanks for that. I believe the article brought out a number of interesting points. One being how Perth is at a different stage of the…[Read more]

Originally posted by Marisa:
Hi Michael,
Sorry, this is off the subject, but I have recently received information on your company and I am a little disappointed that you do not have any projects/developments in Perth.

Will this be on the cards down the track?

Regards, Marisa

Perth is a great place but it is unlikley we will opertae there. We…[Read more]

Originally posted by figure girl:
Thank you for your warning which I will admit has dampened my enthusiasm (for a minute) but will continue to investigate none the less.

Figure girl

My post was meant to dampen your enthusiasm and make you look at the project again, but I do not want to dampen your spirit.

There is no doubt that property…[Read more]

Originally posted by figure girl:
Can anyone recommend a great book on Commercial Property particularly development of such.
I would love to hear how others got started and made a success of commercial development, any issues encountered, tips and hints and finance of the project.
I am at the planning stage of developing industrial units, the more…[Read more]

Hi Michael
Because of the quality of your posts I’ve just subscribed to your newsletter, and my wife and I are checking our diaries to see if it works coming to your Brisbane seminar on the advertised date.

Re the LOC I already have one with my reasonably large portfolio. However, my accountant warns me to keep a clear distinction between…[Read more]

Originally posted by foundation:
Well I just can’t work out why Melbourne’s house prices are stagnating / falling at the same time it’s population is booming![blink]

There is one main reasaon for this.

Supply and demand – if there is too much supply for the demand, then prices won’t rise, no matter what the demand

Michael Yardney
METROPOLE…[Read more]

Originally posted by wilandel:
Hi Michael,

We have just been looking at your website, and WOW, we are impressed.

It is just what we were searching around here for!
Property development is definitely the way to go in this property market.

We hope to make it to your seminar in June!
You really have some property “heavy weights” speaking!!…[Read more]

Hi Michael

I’m very, very impressed. Do you mind being a little more specific on the mechanics of how you draw the money out each week/month (ie., the “paper trail”)? I assume your Trust, as a separate entity, is not paying you (as an employee /contractor) a “consultants /property management fee”, because you’d have to declare this as income,…[Read more]

Originally posted by techhowse:
Would anyone know of any reliable Property Investment Seminars designed/suited to beginning investors?

I will be conducting my annual Property Briefings in Melbourne, Sydney, Canberra and Brisbane in April.

They are not aimed at beginners and are not get rich quick or waelth creation seminars.

They are aimed at…[Read more]

Originally posted by AUSPROP:
Michael – even at 80% retail I suspect your properties are still quite neagtive…. are you saying you refinance your other properties to cover your annual shortfall? The stamp duty and loan application fees would be huge wouldn’t they?

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available…[Read more]

To answer most of the above posts. ….

I rarely sell anything.

During the peak of the boom, when we were doing a number of large developments at the same time, I had to sell some properties. But I haven’t sold anything for 3 years.

Why?

That’s one of the benefits of developing.

On comlpetion a typical development costs me 80% of its retail…[Read more]