Who is your AU partner Jay.

Hi GP – email me the apartment number (so i can see sqm internal and external), that seems expensive unless it was one of the large one bedders. You will be able to use the nomination clause, a good solicitor will assist. Settlement is early September.

Hi there, sorry to hear about this, which building is it?

Collins & Queen on Keilor Rd will settle next month so I assume that is it? be free to tell me the purchase price etc, but will be hard to nominate. There have no major issues with valuation in this building specifically if we have completed vals for finance for around 10 apartments and there are either on the purchase price or within 4% variation, there are valuers that are more favourable than others.

Obviously I am making assumptions. Essendon still is ok from a supply perspective so you have a chance to resell – at a reasonable price.

Cheers Ivan

Hi there – great to hear the support for Footscray, I have been investing heavily in Footscray for years, more due to the fact that I am not distracted by the ‘stigma’ but understand the ‘revitalisation’ of Footscray and proximity to the CBD. In the last two years I have seen apartment prices increase significantly, land values increase and town houses appreciate all with a low vacancy rate.

People have caught up to Footscray though, we have have a lot of Foreign investors buy at ‘Riverside’ – which is an awesome development also.

I am looking outside Footscray also, have done quite a bit in Braybrook which I am happy with in regards to long term prospects.

Cheers Ivan

Hey there – see a broker first – determine your borrowing power and let that start the planning and develop a strategy. The accountant will help you from the tax perspective. After you have been through the broker, chat the property person or even better read up and have some fun finding your property. The “hunt” takes time, patience and knowledge, so have a go.

Cheers, Ivan

Hi Damo – if you are after debt consolidation, see someone local, a broker will be able to assist you. Otherwise post your scenario on the forum and you will get some free advice.

Cheers Ivan

Hi RP – at least your making a start. There are so many factors that impact capital growth and yield. Location is one of them. So which city are you looking at?

Two cities I love are Melbourne and Brisbane. Happy to discuss if they are suitable for your strategy.

Cheers Ivan

Have you reviewed the s32? Call the council and make an inquiry – that may assist.

Cheers Ivan

Hi there –

Depends on price, here are my thoughts:

Development:
Noble Park, Dandenong, Braybrook, Yarraville, Footscray, Sunshine

Blackburn is a significantly more expensive suburb to purchase a site of 700 sqm +

Frankston – no thanks for me.

For a 700-1000sqm development – the price will vary in each suburb highlighted above, always consider proximity to public transport and schools.

We just completed a development in Hawthorn East which was fantastic now looking for a reno in Hawthorn/ Kew…

Cheers Ivan

Hi there DJ,

Happy to help you but sounds like you have had ‘advice’ – all SMSF loans must comply with the SIS ACt so the lender will be aware of the requirements and the structure will not be relevant to ASIC but will be to the ATO for SIS compliance.

Perhaps provide some further information i.e. what concerns have been relayed so far?

Cheers Ivan