Originally posted by foundation:
Mr Yardney, may I refer you to my recent post:
https://www.propertyinvesting.com/forum/topic/24432.html

Before you read it, perhaps a gentlemanly wager is in order… Melbourne median house price 2013 (ten years from peak at $368,000). Above $736k*, you win, below $736k I win, as measured by APM/RBA series. Name…[Read more]

Foundation

I am as keen as anyone to find out all the details of this loan product and as I explained, I have no financial interest in this – nor do we get any refferal commissions.

Let’s look at your figures another way…

What if we bouight a well located but average property.

It only goes up the “average” 10% a year ( for Melbourne Sydney…[Read more]

We cover this situation in our commercial proeperties by always requiringa bank guarantee for at least 6 months rental as a condition of accepting the tenant as a lessee.

The tenant always tries to say no – but we have them in all our commercial properties , even from big and international companies.

Michael Yardney
METROPOLE PROPERTIES
Author…[Read more]

You are talking about a few hundred dollars.
If that is going to be break the development don’t proceed.

If its not, why even consider the magistrate’s court .

Think of the big picture and what your time is worth and the negative emotions involved with having a dispute with your neighbour.

Pay for the fence. Complete your project. Make lots of…[Read more]

cbellesini

You are right – in principal what you have expained is my understanding of this loan product.

Just to clarify things – we don’t have anything to do with the loan product and get no refferal commisions.

It sounds like an interesting product that will suit some but definately not all investors.

Obviously one product or loan etc can’t…[Read more]

I will just keep buying more properties while some others will be wondering what is going on around them.

I’ve done this for 33 years and what seemed to be a bursting bubble for some turned out to be a great opportunity for others with a big picture view and an abundance mentality.

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

Paligap

You will find that the neighbours are unlikely to pay.

It is implied in the permit that you – the developer – will do all the work required in the permit conditions including the the fence at your cost.

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 13,000 readers each month.
FREE…[Read more]

I remember the events well. I even remember I was on vacation in Sydney when I heard news of the crash.

Many inexperienced investors were caught in the sharemarket crash – many having invested near the peak of the boom, egged on by the normal hype and greed that occurs during booms.

The crash wiped out lots of investors and for a few months…[Read more]

It is interesting because the first reference I ever heard about buying “wholesale” (and I have been in property for over 30 years) is when we I used it in marketing our property development services http://www.metropoleprojects.com.au in 2001.

Since then it’s has been bandied around and a little basterdised.

In general retail purchases, if you miss…[Read more]

Developing is not really an excercise for teh unexperienced.

While it can be profitable; very ,very profitable – most begining developers don’t make money and frequently loose substantial amounts.

Do lot’s of due dilligence (as you have started to do by asking these questions) and get advice form people who are actually doing what you want to…[Read more]

Originally posted by BillyT:
Thanks Michael,

I will try that one and I have also ordered your book.

Look forward to recieving it.

Billyt

Thanks Billyt

The book is selling amazingly well and lots of very positive feedback from readers.

I hope my book helps you grow your own Multi Million Dollar Property Portfolio.

Michael Yardney
METROPOLE…[Read more]

Our research suggestes that some parts of Melbourne, in particular the middle ring south eastern suburbs, are past the slump stage of the cycle and already in the upturn. long way befor the next boom

There are half a dozen suburbs, where we have been actively buying properties where prices have risen at least 10% in the last year. This is not…[Read more]

It depends on how well the builder coordinates his tradespople, but what you described is a major reno and could take 3 to 4 months

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 11,000 readers each month.
FREE subscription http://www.PropertyUpdate.com.au

Thanks for pointing out the article on my http://www.PropertyUpdate.com.au web site.

There was a book published a few years ago -How Commercial Property Really Works by Roth & Lang – it gave a good overview

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 11,000 readers each month.
FREE subscription…[Read more]

The best indicator of future performance of a suburb or region has always been its past performance and the longer the past history, the more accurate this will be.

In other words, if you are researching 2 suburbs and for the last 45 years suburb no.1 has had average capital growth of 12% (just above average for Melbourne (like many south…[Read more]

Joel

The rules for commercial property are very, very different to the rules that govern residential property.

Yet in the last few years I have seen some investors buy commercial property using the same criteria they would use choosing a house and then they wonder what went wrong.

You can get a summary of the differences…[Read more]

Originally posted by aliandmike:
….. As I read Michael’s post (no offence Michael) I was thinking “Yeah, whatever” but then, what do you know, two other posts come on about his book and how good it is. I might just look into it (the extras when you buy online also look good)……
Cheers
Mike (perhaps a bit cheeky…[Read more]

With regards to the deposit, you cannot access it. It will have to be held in the solicitor’s or agent’s trust account.

You try and protect yourself by signing a fixed time and fixed price contract with the builder.

But there are always contingencies and PC items and provisional sums that they can add to the contract price.

Protect yourself by…[Read more]

In Australia to be able to legally charge a commission for finding properties for others, you must have an estate agent’s licence (at least agent’s rep) plus work under the umbrella of some one with a full license who has a trust account and proffesional indemnity insurance. In other words an estate agnecy.

I know not everyone does so, but it’s…[Read more]

Originally posted by bardon:
Cyclist,

Not suggesting it is a bad thing but you should be aware that there was a lot of landbanking scams in the UK recently. One of the scammers was rumoured to be starting up in Oz.

google it in UK have a look at least you will know what not to do with landbanking

You’re right Cyclist and a good point to…[Read more]