yep i get that feeling also that intrest rates are going to raise that little bit more by the end of the year. I think that its going to have little effect in the near future, and what i think normally happens is that people tend to hold on as long as possible before they feel they need to sell.

I feel that thosed ‘forced’ sales and low reserve…[Read more]

Im doing a duel occ at the moment, there are a heap of regulations you need to follow. As robb mentioned it varies from each council. Your best bet is to go to the council you plan on building in and ask for some general advice there.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

I dont think there is a way, but then again im not 100% sure. If there was a way to do this id surly like to know. The only way is approching the vendor directly, but sometimes this could work against you.

could be worth a try.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

the old house needs to be your PPOR for you to be exampt from CG tax.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

Originally posted by berrygordy:
hi all,

We need some help please!

We recently brought our first home in Melbournes west, a run down weatherboard on a large block of 760m2 for 235k.

We’r just about finishing renovations and are starting to think about developing some of the land behind.
We went to see a town planner, who said he was 95% sure…[Read more]

good to see you sharing this type of info

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

good job, well done
[biggrin]

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

if there is a spreadsheet floting around, id be interested also.[biggrin]

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

Originally posted by medyl:
hi all,
Dylan 22 adelaide,

started reading books and 1 leads to another and then youve got some info and get going!

bought first property last year PPOR then started to get good at budgeting and started some good savings. kept reading good books and then bought some land (at a good price) and having a house built at…[Read more]

hey all im 26 and my first IP was a house that i paid $105k for at the age of 18, then purchased another at the age of 21 fokr $205k.
Got married and at the age of 24 purchased another house for $320k (this one was a JV with my sister)

This year i plan to get some develping done of a 3 bedroom unit (very slow process!) and onto biger and…[Read more]

hmmm nothing ? no input at all ?
[ohno2]

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

i tend to become over eager when i want something, and can sometimes come across rude and fustrated, and tips on what i should be saying to the PM ?
i know he hold all the cards and its an unfamiliar situation for me.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

Hey Terry,

thats where my line of thought goes also, this is why im interested in how people are talking about retireing at 30.

I dont mean to burst the bubble, but its a LOT easier said than done.
Im 27 and KNOW that i have a lot of years ahead of me working away with my business.
I know there are people out there that can do it, or have…[Read more]

Yeah was planing on installing an aircon system in the house.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

its a shame because its seems to be, from what i know a great product. The only downside is the whole noise factor. The climate in Melbourne is all over the place, so the steel would contract and expand often, this might be a problem.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

My first impression of this senario is that you have under estimated the constructing costs greatly! Make sure you have taken everything into account.
What will you be buying for 160K ?
Will it be the finished product ?
Have you gotten Quotes from builders?
Have you taken into account the fees asociated with building like the architect costs…[Read more]

Dont need to be sorry, you can use the imaginary money any way you like! haha

Its just good to see how others would invest the money. Looking foward to see what the rest of you come up with.

So far so good.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

might be an obvious question but is it more cost effective ?

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

Have you looked at some cheaper properties? That might be the next step for you . Making sure you can get good returns from it, making at as close to neutral geared as posible so that its easier to service and has lees of a drain on your income.

Its hard i know i get impatiet also.[biggrin]

“It’s not how much money you make, It’s how you spend…[Read more]

nope havent thought about doing that to be honest, wanted to see what you lot knew about it first.

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto