MichaelYardney replied to the topic Property Statistics in the forum Help Needed! 18 years, 2 months ago
In Victoria there is no official data on a suburb by subutb basis.
The REIV, who collate the data do it in rings – CBD, Inner suburbs, middle ring suburbs, outer suburbs and regional
Michael Yardney
METROPOLE PROPERTIES
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FREE subscription http://www.PropertyUpdate.com.auMichaelYardney replied to the topic Where to Secure Real Estate Business Contracts? in the forum Legal & Accounting 18 years, 2 months ago
HI Mark
Are you a licensed estate agent?
As Audrey suggests this is a critical pre requisite. Have you worked in real estate before?
If you are considering starting your own business (and good on you for doing that) have you thught of your point of difference? Why should someone use you rather than the established agencies. Why would an agent…[Read more]
MichaelYardney replied to the topic finacial advisers in the forum Help Needed! 18 years, 2 months ago
Hi and welcome to the forumm.
It’s great that you are changing your mindset.
I can understand why you are interested in finding an advisor, but may I suggest you take a step back before you seek advice from others and educate yourself.
Consider educating yourself first – read books, learn from others on this forum, buy courses or CD’s and…[Read more]
MichaelYardney replied to the topic Buying Agent? in the forum General Property 18 years, 2 months ago
Make sure the person you are considering using is:
1. A licensed estate agent and has professional indemnity insurance – this could protect you if things go wrong – “bird dogs” are not licensed
2. A member of the local Real Estate Institute – theoretically this shows they have professional ethics.
3. Is not a “one man band” – to look after…[Read more]
MichaelYardney replied to the topic Subdivision in Monash City Council, Victoria in the forum No Subject 18 years, 2 months ago
I know the City of Monash very well – we are currenlty involved in over 30 development projects in that Municipality – probably the biggest developer in the area – http://www.metropoleprojects.com.au
The council is not going to just let you subdivide the block. You will need a town plannng permit for a dwelling on the second block and they will require…[Read more]
MichaelYardney replied to the topic Subdivision in Monash City Council, Victoria in the forum Value Adding 18 years, 2 months ago
I know the City of Monash very well – we are currenlty involved in over 30 development projects in that Municipality – probably the biggest developer in the area – http://www.metropoleprojects.com.au
The council is not going to just let you subdivide the block. You will need a town plannng permit for a dwelling on the second block and they will require…[Read more]
MichaelYardney replied to the topic When to start developing? in the forum Help Needed! 18 years, 2 months ago
While there are lots of benefits of getting involved in property development their are heaps of risks – especially for beginners. This article will give you some idea of what I mean.
http://www.propertyupdate.com.au/articles/70/1/The-Risks-Related-to-Property-Development
On the other hand buying an investment property with development potential…[Read more]
MichaelYardney replied to the topic How do I determine land value? in the forum No Subject 18 years, 2 months ago
The way one values land is its residual value when put to its highest and best use.
In other words if you can build 3 dwellings on it, its worth more than if you can only get 2 units on it.
As opposed to houses, which are valued using he comparable sales method- comparing it to other similar sales and allowing for the differences.
On the…[Read more]
MichaelYardney replied to the topic Buyers Agents and Seminars in the forum No Subject 18 years, 3 months ago
Coopranos
There is a detailed discusion about Metropole’s services at the following thread – both good and bad something like 30 comments form various forum members
http://www.somersoft.com/forums/showthread.php?t=25718&highlight=Metropole
Also there is detailed discussion about my book…[Read more]
MichaelYardney replied to the topic Is the current property market overpriced? in the forum Help Needed! 18 years, 3 months ago
As we now have an office in Brisbane http://www.metropoleproperties.com.au I have developed a better understanding of the Brisbane market and I am not of the same opinion as you.
What is overpriced? If the houses were overpriced – people wouldn’t buy them? That’s what the market things property values are.
But rather than follow this line of…[Read more]
MichaelYardney replied to the topic Buying Agent? in the forum General Property 18 years, 3 months ago
If you want to understand the benefits of using a buyer’s agent have a look at the following article:-
http://www.propertyupdate.com.au/articles/12/1/Agent-on-your-side—how-buyer%26%2339%3Bs-agents-work
I must declare a vested interest – I am associated with Metropole Buyers Agency with office in Melbourne and Brisbane – so I am biased, but…[Read more]
MichaelYardney replied to the topic Where do i start in the industrial world? in the forum Help Needed! 18 years, 3 months ago
Commercail and Industrial proeprty investment is very different to residential investment – you can’t use the same rules
You can get some idea of the difference in this article
http://www.propertyupdate.com.au/articles/49/1/Residential-Or-Commercial—Which-is-right-for-you%3F
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading…[Read more]MichaelYardney replied to the topic What is the best way to get started in property.? in the forum Help Needed! 18 years, 3 months ago
I guess firstly you should understand why you are getting involved in property and what you are trying to achieve through property, becuase as you move forward you will come across a number of different strategies.
Let me start by suggesting that if you are only beginning – then don’t consider property development yet- if you have to ask these…[Read more]
MichaelYardney replied to the topic Latest from Michael Yardney… ?? in the forum No Subject 18 years, 3 months ago
Originally posted by grant7:
Well theres finally some more info on this loan in the latest investors direct newsletter –
See link below:
http://www.investorsdirect.com.au/newsletters/072006/story1.htmSounds like a great deal to me, id like to sign for 3 or 4, pity they didnt leave any clues on how to apply?? Or the requirements…
Anybody…[Read more]MichaelYardney replied to the topic Latest from Michael Yardney… ?? in the forum No Subject 18 years, 4 months ago
I find all this speculation very intersting.
Over 800 people were at the Melbourne seminar and there will be over 600 in Sydney and Brisbane next weekend.
Its a pity none of the attendees have posted what its all about.
I’m going to [biggrin]….have fun speculating or we will see you next weekend.
Deatils at:…[Read more]
MichaelYardney replied to the topic Commercial Property in the forum Help Needed! 18 years, 4 months ago
Originally posted by delboy:
Hi AllJust a quick one. I am just starting to look into possibly venturing into commercial property investing and thought I would ask if anyone can point out any pitfalls to watch out for when doing the figures on a possible deal. Any pointers would be greatly appreciated.
Delboy
Commercial reale state investment…[Read more]
MichaelYardney replied to the topic Latest from Michael Yardney… ?? in the forum Finance 18 years, 4 months ago
Originally posted by Magellan:
“Probably” ????? Thought there was a money back thingie. Like I said options open–You are right – there is a 200% money back thingie
Interestingly we had a fantastic session in Melbourne yesterday – over 800 attendees and not one person asked for the thingie
I guess they all thought they got their money’s…[Read more]
MichaelYardney replied to the topic Latest from Michael Yardney… ?? in the forum Finance 18 years, 4 months ago
Originally posted by Magellan:
…. I finally let the moths outa me purse and put up $59 to go to The Yardney day at Luna park(Oh I hope that venue name is not a prophetic indicator)– on readin all this thread I seem to have wasted one third of me entry fee all ready!! that’l learn me– Still, i will use me own Motto- Keep me mouth shut…[Read more]MichaelYardney replied to the topic Can someone walk me thru the steps pls in the forum General Property 18 years, 4 months ago
HI
This article on the development process may be useful:-
http://www.propertyupdate.com.au/articles/14/1/The-Property-Development-Process
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 15,000 readers each month.
FREE subscription http://www.PropertyUpdate.com.auMichaelYardney replied to the topic Latest from Michael Yardney… ?? in the forum Finance 18 years, 4 months ago
I thought I had made the “initial wager” which was for 2013 – I still plan to be around then.
The median price of Melbourne property will be above $736K by 2103
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 15,000 readers each month.
FREE subscription http://www.PropertyUpdate.com.au- Load More