Sorry D you forget that The Bill Shorten is the GG son in law

What a joke they are like Lemming may they all go over the cliff

I have already been doing this. It can work however finding projects that work well can be difficult even in this market.

Location is important

How close is it to shops public transport

How large are the apartments- I will not touch one bedroom apartments under 50 square meters and two bedrooms under 70 square meters. To me whatever you build most also appeal to owner occupiers not just investors.

To many people get involved in development when they do not know what they are doing. It is extremely important that you also have a team of experienced operators on your side.

Without doing the above you will be doomed to fail.

They may be offering it but they are breaking there own laws

Thank you Nigel for your kind comments it was a pleasure for Richard and I to speak in Sydney and we also enjoyed meeting a great group of people. We believe that the power of education is so important and the opportunity and look forward to the next meeting.

Because of the nature of this type of property they are often located in outer areas such as first home buyers areas. Secondly they are often overpriced so if you find one in a good area make sure that you pay for your own bank valuation to make sure that the price is at market value.

Hi Cunnin

Its true that New Zealanders do not pay capital gains tax however we have a tax agreement with New Zealand so when you sell a property you have to declare the income in Australia. The good thing about New Zealand is that you still get the 50% discount on capital gains and can negatively gear through the Australian tax system.

Although the ANZ bank is also in New Zealand you cannot borrow in Australia for a property that is in New Zealand but you can can borrow the deposit from a line of credit in Australia and then get the loan in New Zealand. What is important to remember is that no bank can take security on off shore property.

Yes like all businesses there are good bad and terrible. I remember when my main focus was buyers advocacy. It always amazed me when I would inspect properties I would tell agents I was looking for properties on behalf of buyers. Hardly anyone would follow me up. So they were hardly doing a good job on behalf of there clients.

However you need to explain what happened. It is important to remember that legally in Australia the agent must represents the interests of the vendor. They are there to take as much money from you as they can. As a buyer do not think of the agent as your friend.

It is my understanding that you can onsell the apartment. However you remain liable for the original contract so if you sell the property for less you will still need to make up the difference. There has been a downturn in the cbd never a great market however it depends on how big is it does it have a carpark. 

But if you can find someone to take over the contract or on sell it that should be ok. I would suggest you discuss it with you solicitor just to make sure that there are no surprises in the contract