Commission on sales range from 2-3%. It is all negotiable. It can be a lower % up to your reserve price and much higher on above your reseve price to motivate agent. Advertising fee etc are normally payable extra but as every thing else, it is also negotiable.

I was buying a property and seller was not prepared to come down on price. And I was…[Read more]

Trusts are good from asset protection point of view. Therefore many people have gone down that path including myself. But now Victorian State government has dexcided to close the loophole of minimising Land Tax by keeping properties in diffrent Trust names. Now they plan to tax trusts at much higher rate compared to individuals or companies. Based…[Read more]

Hi Dazzling,

I like your replies and decided to give you a different perspective to your problem. In life one has to set priorities and rank them in order. These priorities are different from person to person. It even changes with time for same person. For example, if you did not have enough money and then you were presented with this opportunity…[Read more]

I also use MYOB which is easy to use and offers all the information I need to manage my seven properties. I had look at Property Manager Pro but this software just keeps part of information you need to keep, while still requiring you to keep other information elsewhere. In my opinion MYOB offers best value for money and flexibility.

Also this…[Read more]

I can help you to write business plan or even evaluate its likely potential. I am a venture capitalist on a small scale and envolved in half a dozen business. I have been involved in property development / building / investments also.

Sam Kumar

I tend to agree with Dazzling but only disadvantage I can see with his solution is that you would have to keep servicing your negative gearing properties and you should have capacity to absorb loss of rent, while its vacant. Commercial properties are difficult to rent out unless you are able to find a property already rented with positive cash…[Read more]

Hi,

Although I am not an expert in property inverstments but I can say one thing that If i was in your situation, I would start building process as soon as possible as you have already invested in land, you have equity / funds / loan available to build unit. Therefore, you must develop right now. Time is money. Sooner you are in the position to…[Read more]

Hi Dr.X,

I am a full time investor having invested in various business and recently started paying attention to property investing. I have done a dual occupancy development as owner builder in the past. My strategy at present is to buy and hold but buy undervalued proprtities with development potential to do some value addition. I prefer to buy…[Read more]