Land banking is a concept used by the big property developers when they buy up large tracts of “raw” undeveloped land for their future stock.

They add value, sometimes a huge amount of value, by rezoning or developing and subdividing.

It’s a great concept in a rising market but can break the biggest of developers. In the 90’s it sent Hooker…[Read more]

We do those calculations every day in our office.

Please send me a copy to myardney@metropole.com.au and I would be happy to give you some feedback.

Currently we use Feastudy and some spreadsheets developed inhouse.

Of course the programs are only as good as the data you input and the assumptions you make.

Michael Yardney
METROPOLE…[Read more]

Welcome to the forum, and investing for capital gains has made many investors wealthy.

But “diving in right away” has made many investors regret their decisons.

The best way to assess how an area will perfrom in the future with regards to capital gains, is to look at its past track record, and the longer back you look, the more accurate the…[Read more]

If you have $230K to spend, and want strong capital growth you could consider a 1 bedroom apartment in a middle suburb such as Carnegie or Murumbeena in the south east or some northern suburbs.

Our buyers’ advocacy http://www.buyingmelbourne.com.au has bouht 4 such properties for investors in the last 2 months and I think Jack Henderson who runs that…[Read more]

Originally posted by yack:
I agree withMichael.

But i am positive on Frankston. I like Sth Frankston, near beach, near new marina, not far from central frankston.

Frankston high has a good reputation.

If you got $700k go for East Brighton. But if you got that much you may as well go for Brighton proper. Me I would prefer to buy two…[Read more]

I see we are talking about a “MIning Bloom”
Is that anthing like Flower Power?[biggrin]

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

There is another current thread about Frankston so check out replies there too.

Frankston Nth?

It depends what you are looking for in your investment.

Frankston North is a pretty rough area and unlikley to change. That means poor capital growth, but slightly higher rental returns.

I would not invest there, I think I could find better areas -…[Read more]

I agree with Alistair

Frankston will be the big winner becuase of other infrastructure upgrades occurring as well as the freeway, such as the shopping centre , new apartment buildings, marina.

I owuld steer clear of Noble Park and hampton Park.

even in Frankston you must know your areas well as the new city plan has meant that some areas are…[Read more]

Yes I do [blush2]

But I don’t or rarely sell.

If you do it well, you can refinance at the end of your project, get (some of) your funds out and do it all again.

But as a beginner be careful there are lots of little traps – check other posts on this forum

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

Yes that’s all.

Not very exciting is it?

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

Welcome

As others have already mentioned, keep your mind open to other possible strategies for your property investment.

Remember that this book was written in a different era – sure it was only a few years ago, but boy were things different then.

In fact Steve clearly states his investment strategies have moved on from the days of look…[Read more]

I will throw in a blatant plug for my book –
How to Grow a Multi Million Dollar Property Portfolio -in your spare time

It is currently at the printers and will be in book shops in late March but available on line early March.

Get details and read a free chapter at:
http://www.propertyupdate.com.au/pages/Book

Michael Yardney
METROPOLE…[Read more]

Suer anything is possible but why would a builder put his license at risk for you?

How much do you thinka buidler makes out a project? It shouldn’t be more than 10%.

Let him make a living and free up your time to find more deals.

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

You must set up your structures with the end in mind.

What are you long term intentions? What will your property portfolio look like in 10 -15 years time?

How many properties will you own, where will they be situated?

It is difficult (expensive) to change the ownership of your structures later, so even though it may be hard to justify the…[Read more]

It really depends what you are looking for.

If it is capital grwoth, and that is what creates true wealth, then you will find areas with better histories of strong long term capital growth in the inner south east and bayside Melbourne than in Geelong.

But not every suburb will do well and not every property will do well in the good suburbs.

Do…[Read more]

You could look for Ed Chan’s books at bookshops “How to legally reduce your tax”

or for a great description of trusts: Trust Magic by Dale Gatherum Goss- http://www.gatherumgoss.com

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.PropertyUpdate.com.au

One divison of Metropole is a buyers’ advocacy service – Licensed estate agents who don’t sell property but buy property for clients.

Since my team is dealing with agents all day, we may be able to give you some advice as to who is good or who is not as “hot” in your area.

Please send me a Private Message with the details or an email to…[Read more]

Maybe he’s not hiding anything.

Maybe he just wants an unconditional sale, he does want you to pull out in 5 days and the other potential buyer to have disapeared.

Do you checks, get your solicitor to check the contact and when you are in the position make an unconditonal offer – at a lower price.

The vendor wants his ceratinty of sale and you…[Read more]

Originally posted by bill johnson:
I read with interest the number of people looking to complete their own developments. I think it is great and people should be encouraged to do so. However I read with interest the margins people are prepared to accept. I would think that for it to be viable and for people to have a margin of safety you would…[Read more]

I don’t think a garage sharing a wall would be a problem like a living room sharing a wall. Neither will strata title hold back values.

What may restrict capital growth is the large amount of development occuring and the limited demand as well as the large number of properties bought in the area by investors that are not attracting tenants and…[Read more]