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Thanks a lot for your input guys i really appreciate it. My fisrt venture will be small and i will under take it with others say 2-4 people in total. I know a bucket load of tradesman etc so i have a few hassels ironed out there. As for materials i know all about the shortage, bricks are bad and apparently so is limestone. As for the market it has currently boomed as you all know and as it has boomed so quick it must come down a bit before leveling out and again rising. However money can be made in all types of market conditions so long as you maek the right choices but that of course is the hard part.
I still have a bit( a lot) to do on my own place so that will give me the time to research the path i want to take a little more. There are still a lot of new developments going on and if you can get in at the right time your sure to win. A friend of mine did quite well buying and building in matterly(spelling?) just undedr a year ago.
Cheers nathan
Hi Sue,
Thanks for your reply. Iam unexperienced in th red factor but the best way to learn is dive in as i have a pretty sound building knowledge and will go through a builder for my first few. I know about the capital gains side of things also. One question though if you buy land and develop does the 12 months start when i purchase the land or when the structure has been finished and approved by local council. When i say quick i mean 6 to 12 months as opposed to a long term +/- geared property.
Iam currently doing some renovations/improvements around my own home which i purchased earlier this year so iam learnign a lot there which i can apply to building or renovating an investment property.
Cheers Nathan
