ttman wrote:
I think sometimes those accountants & lawyers frequently mentioned in forums such as this are not more knowledgeable or provide better services than those who don't advertise as much. C & N will charge you by the minutes at high rate, so make sure you have a deep pocket.

You are correct – sometimes they are not – but in this case…[Read more]

Do you already own the land? Are you sure you can fit on what you want to achieve?I know a firm of building designers in the northern suburbs who should be able to help you.Send me an email – myardney@metropole.com.au and I'll happily pass on their name

There is no simple answer – the price differential will be greater in a high priced inner suburb than in a cheaper outer suburb. The differential will be greater in Sydney than in Launceston.To work out the value of your proeprty check out sites like http://www.domain.com.au ot http://www.realestate.com.au and look for properties similar to yours – this will…[Read more]

As Xenia suggests – you cannot do this with residential leases.So protect yourself by ensuring your property manager does a careful tenant check. Of course not having defaulted in the past  doesn't ensure they won't become a problem tenant in the future.Late payments are a "hassle" but don't let them worry you – that's what you pay your property…[Read more]

There is a book by solicitor Rob Balanda called Clauses made simple wher he gives you hundreds of potential clauses.You can get details by clicking here.The problem is the more "out clauses" you use – the less attractive your offer – so keep your offer clean and simple. Get you finance and structures in place before you make an offer and do your…[Read more]

Hi MarkI do recommend investing in you own back yard – becuase you can become an expert in your own "patch"But I also recommend taking advantage of the property cycle- so I believe its the wrong time to invest in Perth. But the next wave of the proeprty cycle has already started on the east coast of Australia. So if you want to make the types of…[Read more]

One of the top selling property books in Australia last year was my bookHow to Grow a Multi Million Dollar Proeprty Portfolio – in your spare time.It has already had 2 reprints and with sales increasing each month the publisher is about to do a third reprint.It is written both for beginners as well as advanced property investors and explains how…[Read more]

PK There is no typical buffer – it partly depends upon the agent, and the property and the current market.May I suggest that's not the way to go about buying a property – work out it's fair market price and in the inner and middle ring suburbs of Melbourne, you are going to have to be prepared to pay a "fair" price today.The days of the bargains…[Read more]

I can give you the name of one we use for our clients – please email me at myardney@metropole.com.au

millions wrote:
Error on date Michael?

OOPs!! Thanks I've fixed it

With the Sydney Property Expo strating this Friday I thought I would bump up this thread for anyone who wanted a FREE ticket.

You see….

As a keynote speaker at the Sydney Property Expo I am able to offer you FREE tickets to the Sydney Property Expo which will be held at Darling Harbour on March 23rd to 25th

I will be speaking each day in the…[Read more]

Originally posted by wanelad:
It may be an idea to include the area you would like to invest in as buyers agents often cover particular areas. http://www.propertyupdate.com.au/ Michael Yardley is often on this forum and seems quite popular I am sure he is from NSW

Wayne
Mortgage Adviser
Email…[Read more]

Originally posted by wanelad:
That was a nice gesture Michael I am sure many will benefit unfortuantely I am in Brisbane

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

No problems…[Read more]

Originally posted by vishi:
I appreciate if somebody is kind enough to email me (vchandra@bigpond.net.au) a simple sparedsheet (execl format) to do feasibility/cost analysis of a development in Sydney (Duplex or multiunit).

Just to warn you – there is no such thinga s a “simple” feasibility spreadsheet

If it’s simple you’ll proabbaly leave out…[Read more]

The finance requirements of a proeprty development are much stricter than those for a normal buy and hold investment.

Most lenders will reuire you to put at least 20% of the capital up first.

This article will help you understand the different requirements for development…[Read more]

Buy hold and develop in the long term is a great strategy.

But to do that you will need to understand a bit more about the development process before you buy and what you can build or not on the property.

You will find that most proeprties of 600sm (as you mention) will not be big enuf to take 2 dwellings in the suburbs you mention.

So before…[Read more]

For my list of 12 questions you should ask a proeprty manager pleae check this link

http://www.rentingmelbourne.com.au/html/s02_article/article_view.asp?id=109&nav_cat_id=143&nav_top_id=52&dsa=25

Michael Yardney
METROPOLE PROPERTIES
Publisher of Australia’s leading property e-magazine.
Join over 20,000 readers.
FREE subscription…[Read more]

Originally posted by krautcan:
So what you are saying Michael is that you pay $200/week out of your wages into the property to cover the costs and then take $10k back out of the equity and pay 7%interest on it?

No not at all.

Thnaks still thinking cashflow.

That’s still thinking I need to wrok for a living and my properties.

What I am…[Read more]

Originally posted by ao:
G’day all

just wondering if anyone would like to comment on some developers in Melbourne? i live in Sydney so i have no idea…who is the biggest in Melbourne? any developers with good reputation? any bad ones?

any comment would be greatly appreciated
ao

I may be able to help but what is it that you are looking for -…[Read more]

It’s great that you are thinking of this in advance.

I’ve seen a number of friendships broken up when joint ventures went wrong.

Only yeserday a client told me how he and an ex joint venture partner were in court because of something his partner bought outside the joint ventute, which went wrong. But because of thier partnership in another…[Read more]