Originally posted by MiniMogul:
[PS Developments are negatively geared while you build them, so they should be in my opinion part of a positively geared portfolio and done in proportion so they don’t propel you back to employment, if you just left

Usually you capitalise the interest during a development so they do not have to be part of a +ve…[Read more]

Great question Mini. We have already discussed the risks of proeprty development in another post so let’s look at the benefits of becoming a property developer

1.Savings – rather than buying properties at retail, you can acquire your investments 15- 20% below their market cost. You don’t pay developer’s margin, agent’s comm…[Read more]

Originally posted by neo25x5:
….i dont have any choice but to do it on my own due to no pm’s available…..

Thanks,
Eric

Just out of interest…where in AUstralia is there a spot where there is no Property Manager available?

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

Originally posted by checker:
Hi Michael,
I was not having a go at you as I am sure you are one of those genuine presenters who know property like the back of your hand. I was expressing my opinion about marketers like Henry Kaye who made hugh money from seminars and don’t really know much about property investment. e.g. a lady who claims she is a…[Read more]

Originally posted by clairej18:
Hi All,

Has anybody had or heard of anyone who has built with the National Builders Group? I am looking to do so, and would just like a bit of feedback on them before signing the contracts. Thanks

Claire

They are really a co operative of small builders, using an umbrella company to do their marketing and bacl…[Read more]

Originally posted by gmh454:
Heard from ICA that the ATO has accessed the data base of the Vic land office early last year. Has anyone experienced or heard of anyone experiencing audit activity coming from such information being available.

I have read similar things.

The ATO knows who buys and who sells properties and expects their tax…[Read more]

Originally posted by moolah:
Bahhhhh !!!!! Humbug !!!!!

Dear MY

You say that “$45 per hour is a fair fee to pay for a PM.” and that you “pay both property managers and lawyers” and you are “not afraid to surround” yourself “with good professionals.”

I have two points to make regarding your statement and hope that they do not offend.

moolah…[Read more]

Originally posted by snapper:
Hi There

I’m looking to get into property investment but currently I’m still at the research stage…

Does anyone know where I can get a good comparison of overheads such as Stamp duty and Land tax on a State by State basis?

The homework you are doing is important preliminary research, but no where near as…[Read more]

Originally posted by JasonBourne:
Hi Michael,

Do you know of any surveys or the like that discuss the proportion of people who self-report that they have made significant financial gains as a result of attending seminars?

I was just wondering if anyone does this style of survey? It would be intersting to see the results.

For example, it may be…[Read more]

Originally posted by checker:
I will not pay more than $59.95 for any seminar, there is just no magic bullet in property investing – it takes common sense, time and efforts. Without doubt some of these ‘property gurus’ make truck loads of money from these seminars. That’s my 2 cents worth.

I understand your viewpoint and can see that it makes…[Read more]

Originally posted by moolah:
JEEEEEE..S – Are they Poperty Managers or Lawyers? I woodn’t pay a Poperty Manager that sort of money to sit around twiddling his/her thumbs at one of those meetings.

You’ve got things a bot out of proportion here.

$45 per hour is a fair fee to pay for a PM. Lawyers will charge between $200 to $500 per hour.

I pay…[Read more]

Originally posted by earnsly:
Can anyone please tell me which site to visit to find out the % growth of each suburb over the last 10 years

You can buy this information from residex

http://www.residex.com.au

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

Originally posted by woodsman:
Salient points Michael, especially for those considering development….

Given all the commentary on property prices etc, would not this post-boom climate, be a better time for development (other considerations aside)so far as end valuations for any project are not likely to be skewed optimistically by a bouyant…[Read more]

Reggie

What state are you in.

I know some good ones in Melbourne

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

What state ar eyou in.

I know some good ones in Melbourne

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

Originally posted by Lyrical:
Thanks Michael,

I imagine that there would be a charge for this, do you know what I could expect to pay?

Lyrical

Insanity is doing the same thing and expecting a different result

There will probabaly be an hourly charge that should be set on in the schedule of fees when you signed your management…[Read more]

Yes
Its perfectly reasonable to ask your property manager to attend on your behalf.

Get the agenda sent to you in advance and see if there are any special issues you want them to raise on your behalf and instruct them on how to vote on any proposals

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

I think resiwealth’s point was not to buy ex Henry Kay stock, but to take advantage of the opportunities that may arise in the market.

Let’s be clear….we don’t want to take advantage of people, but certain opportunities that arise.

At least twice a week I have investors ring me asking whether they should sell. Invariably they have overextended…[Read more]

I agree with John

Residex is your best bet

http://www.residex.com.au

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

Originally posted by ss2306:
Which state are you looking to purchase? If Melbourne, I can recommend metropole.com.au.

I am currently dealing with them in order to buy my first IP and so far fantastic service and communicaton and well worth their fee as they know more about the area than I do.

Regards
Shelley

Thanks for the plug Shelley

You…[Read more]