I have placed some resources for beginning developers on one of our web sites.

One is a checklist we use when assessing a site for development potential.

Check it out at http://www.metropoleprojects.com.au

Go to Investors Learing Centre- site assessment checklist

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

Originally posted by pgrim:

Quote:
Originally posted by matca:
If not, has anybody started out investing in their own name and then transferred assets over to the trust?

im also interested in this question as im purchasing properties privately in my own name, is it possible down the track to form a trust and put the properties i own into the…[Read more]

Sorry to be a spoil sport, [blush2]but have you ever wondered why banks don’t want to lend for the type of property you are looking at.

Remember banks are money shops- they make their profits lending you money.

But they have also been around long enough to know that property prices in “one horse towns” are very volatile and even with a 20%…[Read more]

Have a look at http://www.buyingmelbourne.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 Shelley230672:
Can anyone give advice on using a buyer’s agent for interstate purchases?

In which state are you interested in purchasing?

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

We regularly engage demolishers to demolish houses as we are involved in proeprty development.

PLease not that you will need to get a demolition permit from a council or building surveyor.

If there is salvagable materials, then the demolishers charge less. In Victoria the cost of demoltion has shot up about 12 months ago because every property…[Read more]

Originally posted by workfree:
[biggrin]

Thank you for your response Michael. It reads like sound advice. What does that mean for rural PI here? How does one avoid -ve CF investing in a major city? My idea of on selling in short period is to try and generate +ve CF then reinvest. That is a multiplication by division approach to wealth creation…[Read more]

They will probably charge between $400 – $500 per property

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

I think that this approach is frought with danger.
I agree that you should try and keep the emotion out of the purchase equation, but buying properties site unseen is a very naive and simplistic approach. It suggests that properties are like shares – all the same. You can buy you NAB shares site unseen – it makes no difference which one you buy,…[Read more]

If the builder organised for the drafting of the plans and paid for them – then they are his.

You could always buy the plans off him and then you will have the right to let another builder build your property

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

Originally posted by workfree:
[biggrin]

Well all the discourse on Aussies investing in NZ property on the forum. That is, positive cashflow properties in the poorer socio economic towns of NZ. The towns that sound like the Ballart of old that the Administrator wrote about in his first book. They say no CG tax and no stamp duty and potentially an…[Read more]

Originally posted by workfree:
[biggrin]

Thank you for your reply Michael

How do you think this approach compares to chasing the HOT NZ scene.

Anyone?

What do you mean by hot NZ property?

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

The cost of $10,000 per square that woodsman mentions is the right ballpark for Melbourne prices.
For this you would get a well finished unit, carpets, airconditioning, wooden floors, granite benchtops etc.

But then there is the land cost which varies from subub to suburb and the cost of getting your planning permit/DA. This varies considerably…[Read more]

Originally posted by workfree:
[biggrin]

Hello fellow PI’s

Thank you for rapid response. Plane is for quick exit stratergies using industry contacts for efficient reno’s. Ideally quick turn over and move to the next. Approach is local and potential
for several project. Not sure just trying to get something started. Thoughts?

The concept…[Read more]

Hi Malcolm

In order to find a good property manager you may find the report below useful.

BY the way, with the internet nowadays, you don’t necessarily need a property manager who is just around the corner from your property.

http://www.rentingmelbourne.com.au/html/s02_article/article_view.asp?art_id=109

Michael Yardney
METROPOLE…[Read more]

An exclusive management authority cannot last more than 60 days in Victoria, so you are NOT locked in. You are free to chnage agents if you wish.

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 The Mortgage Adviser:
I am familiar with SIG but I am not a big fan of the Somersoft locals. I believe they consider themselves better than everyone else. They also don’t take kindly to newcomers or competition.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

I…[Read more]

Originally posted by femaleage20:
could you tell me more about wealth creator. Whatb info does it contain? cost?

I might buy another FR paper and make it my mision to sit down with a ditionary and read through it (might also help with my spelling)

Wealth Creator comes out every 2 months and is not only about property. It is aimed at the…[Read more]

Originally posted by terryw:
Michael

Couldn’t he get access to the deposit if the purchaser agrees to its release?

Terryw
Discover Home Loans
Mortgage Broker
Click below to email me

Not according to Victorian legislation. I am told it must stay in trust so the vendor does not have access to it for the development.this is for “off the plan”…[Read more]

Originally posted by morty:
G´day guys, been reading the site for a while but never written in so bear with me.

My question is this: I´ve got an old house in brunswick, melbourne on quite a large block that i want to demolish and build either 2 or 3 townhouses. I´m not sure where to start as far as plans and permits are concerned, could anyon…[Read more]