Next time you consider auctioning one of your properties think about how scared Else.  Luckily Else will show up on the day.  many buyers wont.  Sure they got to do all the work ahead of time but many are put off.  It's a personal choice though. 

The boom is on.  RBA might be having something to say about that though.Some figures coming out the Sydney market today put what yesterday was a slim chance of a rate hike much more likely.  In an election year too.  A labour win, well a "Glorified political staffer" running the country, unlikely.Public Policy, broadly the cost of housing in…[Read more]

I like your thinking, but does Beachmere have a rail line?  I'm not sure that it does.Yes that is a great project in Beachmere and the Council has plans to spend a further $2.2 Million on upgrading the town centre there.Its a bit more on the sunshine coast side as you say where as Burpengary is more in between Brisbane and sunshine coast anot…[Read more]

mcfarland@goldenedgehomes wrote:
are agent's allowed to keep a portion of the .25% legally…. I don't know….they are contracted to sell the property & are payable on settlement usually… if the property does not settlecan they claim a payment.??.. let me know… or should this be a separate topic???michael

if the termination penalty…[Read more]

AmandaBS wrote:
It looks like this matter is sorted out now, but my understanding of the Qld finance clause is that the buyer  "must take all reasonable steps to obtain finance approval"  I suppose what is "reasonable" is open for interpretation?  Michael I don't think you could ask a finance broker to write a letter saying that your fina…[Read more]

KA010 wrote:
Hi all,Iam in QLD. No I already have buliding and finance in contract. I understand that because my solicitor or myself have not seen a signed contrac from the Vendor and I have not paid my deposit that there is no binding contract?!Cheers Mat

If no money is exchanged there is no contract.  Gaining a copy of the contract…well…[Read more]

AmandaBS wrote:
We actually had someone terminate a contract under the cooling off period several years ago on a property we had for sale, so the .25% was deducted from the buyers deposit.  However we only got half of that as the RE agent kept the other half !!

Check your appointment 22a in QLD the standard terms state the .25% will be shared…[Read more]

Well what else can you buy for $190,000 with a return of $200 a week?  Not much.  Under $300,000 is fast becoming a distant memory.  But I guess you're here to make the most out of investing.  Houses in areas like Beenleigh are becoming more valuable as the opportunity to purchase them under $300,000 is disappearing.  Supply and demand is at play…[Read more]

Guess you get what you pay for!  Its just another learning experience.If you first seek to cut costs and get a hand from a DIY agent (yeah that's what they are) what do you expect?So from extreme to extreme.  Some agents at the other end of the spectrum will charge you their normal commission and heaps for advertising too.  They're the agents wh…[Read more]

Wow thanks for you reply.  So the area seems to have all it takes to support a good IP though.Thanks Again.

The most important question to ask a potential property manager is this.  Do they currently own an investment property of their own.  If the answer is no they had better tick all of the other boxes to even gain your consideration.I'm very familiar with the area you're talking about and generally the conditions are still improving for improved r…[Read more]

One day she'll learn you'll make the most money being nice to the agents.  Some can play the game others just complain!

reelygood1 wrote:
Hi Tony, Okay let us know where you made the dosh??? No specifics, just the city, suburb, steet. I have just put a deposit on a 3 bed unit with 180 degree views of bay myself at Deception Bay for $360k, hoping to do the same within next 12 months. Don djr

June 2007 – That worked out well did it?  I think not.   Still have $36…[Read more]

TracyD wrote:
On a lighter note, I bought at Deception bay last year and they could do with some DECENT AGENTS! So , go for it! I think that area will run hot for a while, so you should be able to make some good commission! I considered getting into property management years ago because I love property, but after careful consideration I decided…[Read more]

Laws vary from state to state!  As such some of the below may not be accurate in your state."This is not a law, and you can set the terms of the Sale authority as whatever you like."  "and if they say yes then write the amount on the contract and cross out the sections where the percentage of sale would go" $5,000 and pay for advertising.  Gu…[Read more]

Valuation is going to be the best and most reliable measure.Try searching in the area for vacant land already on the market.Try adding back the value of new house and land packages in the areaThere is no easy way to determine the land value exceptt for looking at the market as valuers do base their figures on recent sales Obviously many local…[Read more]

The market is red hot in some suburbs, so you're right on that.  Houses are selling within an hour of listing around the $350,000 and below.  Properties priced right are selling within a week. 

SEQ,  many are now telling the story of prices on the rise by $10,000 a month.  I can say that prices are starting to catch similar suburbs to Perth.  3 Bedroom brick and tiled 600m2 30km from CBD $285,000 under-contract in one day without the buyers inspecting the property.  4 Bedroom brick and tiled well presented house sold in one hour $350,0…[Read more]

The fact that many sponsored (say REI) agreements contain the 90 day clause would suggest its an industry standard. Savvy investors are inserting their own clauses with regards to if the property becomes vacant that they can allow all agents to let the property.Many agreements do say the owner can only appoint one agent and the client must give 9…[Read more]

I was very put off by the history of a property I intended on bidding and so was everyone else it seems no one at the auction.  A quick google search had all the details of the property and it also seems this sort of history sticks the property is still vacant.I have purchased  a number of deceased estates many times with the beneficiaries pres…[Read more]