Total Members: 159,196

MichaelYardney

  • MichaelYardney replied to the topic Premium of x% for off the plan in the forum Help Needed! 17 years, 11 months ago

    Originally posted by jorgon:
    Thanks very much Michael, for giving us the benefit of your experience and knowledge.

  • MichaelYardney replied to the topic Need – Lawyer & HDT Accountant – Melb in the forum Help Needed! 17 years, 11 months ago

    As RedWind Says Dale Gatherum Goss is great

    I can give you the name of a good lawyera nd also another acountant if you send me a PM or email

    Michael Yardney
    METROPOLE PROPERTIES
    Publisher of Australia’s leading property e-magazine.
    Join over 17,000 readers.
    FREE subscription http://www.PropertyUpdate.com.au

  • MichaelYardney replied to the topic Premium of x% for off the plan in the forum Help Needed! 17 years, 11 months ago

    One of the main reasons that they are selling at this premium is because the price is controlled by the developer and marketers.

    If you buy at this huge premium, you are giving away your first few years of capital growth to the developer, and it’s not his to have.

    When you buy off the plan you should be buying at a discount not a premium.

    You…[Read more]

  • MichaelYardney replied to the topic Commercial Property in the forum General Property 18 years ago

    Can’t tell you what you should do with your own investments. It really depends upon your goals, your needs, your risk profile.

    But check out the other active thread on commecial property because it is very different to residential property and maybe not the right thing if it’s your only investment.

    To understand a bit more about the differences…[Read more]

  • MichaelYardney replied to the topic Cost of rendering over rough 70’s brick in the forum Value Adding 18 years ago

    Cost of rendering over a smooth surface is $40 – $45 per sq mt.

    If the bricks are rough to enable you to get a smooth finish you will need to do a lot of preparation. just measn extra coats of a special material that smooths things out.

    This could increase the cost by 50%

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

  • MichaelYardney replied to the topic Brisbane overpriced? in the forum Help Needed! 18 years ago

    Originally posted by lakeinnes:
    It seems the Inner Brisbane property market has not gone through the same down turn as Sydney and the rest of NSW. Is it just a matter of time before the downturn hits Bris? or will it hold onto its fairly boyant house price?

    If you are talking about inner Brisbane you probably mean the apartment market.

    There…[Read more]

  • MichaelYardney replied to the topic Buyers agents in the forum Help Needed! 18 years ago

    Originally posted by jec:
    Any one used a buyers agent before. if so, where and were they any good ??? I have never used one and ate thinking of using one in perth or melb to help find a property.

    Before I go to far let me give a disclaimer…
    One of the companies in my Group is Australia’s leading Buyers Agency with offices in Melbourne and…[Read more]

  • MichaelYardney replied to the topic Where to data regarding vacancy rates ? in the forum No Subject 18 years, 1 month ago

    The REIA publish this data for each state in the quarterly MArket Facts report – but you have to pay for it

    Michael Yardney
    METROPOLE PROPERTIES
    Publisher of Australia’s leading property e-magazine.
    Join over 17,000 readers.
    FREE subscription http://www.PropertyUpdate.com.au

  • MichaelYardney replied to the topic Advantages of using a company name. in the forum Help Needed! 18 years, 1 month ago

    Originally posted by ptn:
    Sounds good. Thanks

    I like to buy this family trust online. Any advise?

    http://www.lawcentral.com.au/CreateDoc/createlink.asp?docId=17

    My intention is to move one of my IP into this trust.

    We have a family of 5 (including my mother in-law). Hope it’s not going to complicate the process.

    Please let me know your…[Read more]

  • MichaelYardney replied to the topic Commercial investment property guide … in the forum Help Needed! 18 years, 1 month ago

    The rules for commercial real estate investment are very diffeernt to those for residential investment.

    Commercial properties are yield driven and yileds also drive their values.

    This article may explain some of the differences:

    http://www.propertyupdate.com.au/articles/49/1/Residential-Or-Commercial—Which-is-right-for-you%3F

    There is also a…[Read more]

  • MichaelYardney replied to the topic ip in vic in the forum Help Needed! 18 years, 1 month ago

    If you are looking for capital gain – and congratulations for doing so, becuase that’s what creates true wealth in property then the best indication of future capital growth is the past capital growth of a suburb.

    And teh longer a suburb outperforms, the more likley this is going to continue in the future.

    I am an investor and not a speculator,…[Read more]

  • MichaelYardney replied to the topic Advantages of using a company name. in the forum Help Needed! 18 years, 1 month ago

    The most common use of a company purchasing a property is when it is acting as trustee of a trust. This structure gives maximum flexibility, as a company owning a property in its own right is a very unusual occurence.

    Search other threads here as to the benefits of owning property in a trust or have a look at these 2…[Read more]

  • MichaelYardney replied to the topic Help with Buying in the forum Help Needed! 18 years, 1 month ago

    Hi

    What is attracting you to this particular property?

    They are harder to get finance for and harder to sell and have some of teh challenges already discussed.

    There would have to be something pretty special about this property to make you choose it over the thousands of properties avaliable for sale.

    Michael Yardney
    METROPOLE…[Read more]

  • MichaelYardney replied to the topic Buyers Agents in Brisbane in the forum Help Needed! 18 years, 1 month ago

    Originally posted by v8ghia:
    Hi All. Not hijacking the forum or anything, but since a couple have referred to capital gains in these parts of Brissy, and no CF+ there, would any of the buyers agents or others in the know that have bought up that way care to give an example of how much CF- a ‘bread and butter’ home would be perhaps assuming a…[Read more]

  • MichaelYardney replied to the topic Buyers Agents in Brisbane in the forum Help Needed! 18 years, 1 month ago

    Originally posted by islandgirl:
    From the initial conversation I had with George Kafantaris I can honestly say I wasn’t particularly impressed. He did not seem particularly interested in cf+ properties – only inner city properties and very much equity base investing which of course reflects Michael Yardney’s investing philosophies. He basically…[Read more]

  • MichaelYardney replied to the topic 2 Bdr Unit in Melb???? in the forum Help Needed! 18 years, 1 month ago

    Well done Sarah – saving the first $10,000

    You are right – your can’t get much of a 2BR unit in the price range you are considering. I know – our buyers agents are out in the market place all day looking and we are buying 8 or 10 properties a month for clients.

    Don’t wait – Melbourne is over the worst and there has definately been a rise in…[Read more]

  • MichaelYardney replied to the topic FREE tickets to Melbourne Property Expo in the forum Heads Up! 18 years, 1 month ago

    Yes but they are a little old – the Adelaide Expo was in August. – maybe you could keep them for 10 months and reuse them next year[biggrin]

    Michael Yardney
    METROPOLE PROPERTIES
    Publisher of Australia’s leading property e-magazine.
    Join over 17,000 readers.
    FREE subscription http://www.PropertyUpdate.com.au

  • MichaelYardney replied to the topic FREE tickets to Melbourne Property Expo in the forum Heads Up! 18 years, 1 month ago

    Originally posted by freeman cooper:
    Hi Michael,
    Sounds great,
    How do I get a free ticket?

    Regards
    Frank

    There was a link in my e-maszine that went out yesterday – if you don’t get it you can subscribe for free at http://www.PropertyUpdate.com.au

    or click the link in the orginal post above and download the tickets and print out as many as you…[Read more]

  • MichaelYardney replied to the topic Research & Feasability Studies in the forum Help Needed! 18 years, 2 months ago

    We use feastudy for our development projects.

    If you want to see a sample feasibility study have a look here:-

    http://www.metropoleprojects.com.au/pdf/UnitFeasibility.pdf

    Michael Yardney
    METROPOLE PROPERTIES
    Publisher of Australia’s leading property e-magazine.
    Join over 17,000 readers.
    FREE subscription http://www.PropertyUpdate.com.au

  • MichaelYardney replied to the topic what are depreciation schedules? in the forum Creative Investing 18 years, 2 months ago

    Like Redwing, I use Scot from http://www.depreciator.com.au and have found his service great – we now recommend his services to all our clients

    Michael Yardney
    METROPOLE PROPERTIES
    Publisher of Australia’s leading property e-magazine.
    Join over 17,000 readers.
    FREE subscription http://www.PropertyUpdate.com.au

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MichaelYardney

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