Well I’m only speaking from a NSW point of view here, but my favourite spots to look for private sales include local papers, Saturday’s SMH and Trading Post. The best practice, however, still involves actually driving in the area you’re looking in (I include this as part of my search for all clients) to spot the signs. Almost all private…[Read more]

Originally posted by Mortgage Hunter:

However there is no reason why you cannot ask them to leave, offer to pay their costs to move or any other avenue which gives them some choice and incentive in the matter.

I suspect the PM doesn’t wish to lose the rental. Each rental property is worth $thousands$ when calculating the value of the rent roll…[Read more]

Perhaps the most important factor, after the actual position and type of commercial property you’re purchasing, is the current lease (if it has one) and its terms. If the property is vacant, then I’d be doing my homework (very quickly in your case!) with a commercial PM on who is likely to lease, for how long and for how much. A good long term…[Read more]

Look at my post here on Somersoft which I did recently. Happy reading!!

http://www.somersoft.com/forums/showpost.php?p=181579&postcount=13

Cheers,
Jacque
http://www.housesearchaustralia.com.au
Totally Independent Buyers Agents- Sydney

http://www.invested.com.au Australia’s premier Investor Education site

If it’s just the ratio of home owners vs renters that you’re after, then check out the free reports available on RPData. Depends on where you’re looking, of course, but they provide some very useful information and a great start in your initial search.

Eg:…[Read more]

Units can be lower maintenance, but it really depends on many factors: age of building, tenant usage, management etc
Also don’t forget to factor in strata fees to your costs for the unit. It may appear a better deal on yield alone, but levvies can soon eat into your cashflow, particularly if you buy into a complex with expensive features such as…[Read more]

The dangling carrot of the fast ferry to Ettalong from Sydney may well never eventuate, from what I’ve been told by agent colleagues. Even if it does go ahead, because of the weather and current conditions, it will be limited to only going at certain times and so won’t be able to be consistently relied upon.
Ettalong is a nice place (been there…[Read more]

And time is not something that most people have an awful lot of these days. Why limit yourself to looking at properties on Saturdays with the hordes of others?
Many a deal has been done during the week, before a property evens holds its first open house.

Cheers,
Jacque
http://www.housesearchaustralia.com.au
Totally Independent Buyers Agents-…[Read more]

Originally posted by Mortgage Hunter:

But I figure if vendors are appointing a professional to do their negotiating and marketing then so should we appoint someone to negotiate and research. In these days of a flat and even declining market there are some motivated vendors out there and unless we are close to the market ourselves we will not…[Read more]

Originally posted by JAWS1:
Hi,

I am new to developing too and just tried Michael Yardney. Very helpful company but it appears they only help out those in Melbourne. Does anyone know of a comapny that can assist a Sydneysider (actually a pom originally!) with providing advice on developing a couple of townhouses?

Thanks[suave2]

See my above…[Read more]

Building rapport is all well and good but remember that, as much as a buddy the REA may appear to be with you, they are better friends with the vendor [exhappy]
Their focus is to get the best price for their client (vendor) at a price and on terms and conditions that suit them. And, this is the way it should be! After all, turning the tables for…[Read more]

From the agent’s point of view, and to be fair, I always give a price range. After all, they need something to work with! If not, then I doubt many would have the patience to go much further with you.

In all the deals that I’ve done, I’ve provided a price range, as, by the time I’ve commenced my physical search, the research done on yeilds,…[Read more]

Also talk to Presto who has been on this forum. Experienced developer, and nice bloke.
Good luck with it all![evo]

Cheers,
Jacque
http://www.housesearchaustralia.com.au
Totally Independent Buyers Agents- Sydney

http://www.invested.com.au Australia’s premier Investor Education site

Hi Vanessa
Have you considered leasing it out, with an option for the tenants to buy 12-24 mths down the track?
Or, even wrapping it?
Just thinking of some alternatives other than selling…..

Cheers,
Jacque
http://www.housesearchaustralia.com.au
Totally Independent Buyers Agents- Sydney

http://www.invested.com.au Australia’s premier Investor Education site

Most Buyers’ Agents tend to charge a percentage of the purchase price, which is illogical when you think about it for a minute….
Their aim is to get you the best deal possible, including price, yet their fee increases the MORE YOU PAY!
To me, it makes infinitely more sense to employ a BA who charges a set fee. No matter the price of the…[Read more]

For your first IP, I would suggest using a property manager. They have much more experience and for the small fee that most charge, are well and truly worth it.
Concentrate on getting the deals and leave the tenants to someone else

Cheers,
Pro-Active

http://www.invested.com.au Australia’s premier Investor Education site

I’m with Simon on this one. These type of properties tend to lack capital growth and end up difficult to sell, due to the limited buying audience.
Stick to something with at least 30% land value to give yourself something to grow

Cheers,
Pro-Active

http://www.invested.com.au Australia’s premier Investor Education site

Hi Hernus
Try doing a google search on buyers agents as well as the city you’re looking in: sydney, adelaide etc
and you should find stacks of sites
I am a licensed BA in Sydney (Hills and Northern suburbs)- if interested check out my site at
http://www.housesearchaustralia.com.au

Good luck with your search!

Cheers,
Pro-Active

http://www.invested.com.au…[Read more]

Try Nick Moustacas from http://www.strategicwealth.com.au
I know him personally and he has a good reputation, especially as he’s a property investor himself and active on our site for investors.

Cheers,
Pro-Active

http://www.invested.com.au Australia’s premier Investor Education site

Ah, the emotions involved in buying your own dream home
Some great tips so far, so I really can’t add much except:
Know your walk away price, try to exercise some patience, don’t give any ultimatums to the agents unless you mean to act on them, and remember that there will be another dream later on down the track!
Good luck and keep us posted as…[Read more]