Contact Archicentre for some suitable architects to prepare DA plans & specs.

Why only 4 units if more units will be more profitable? A more expensive loan won’t make the project unviable. A residential loan will be more restrictive on what you can build and your profit/end values.

Have your designer spec the job not the builder. Builder will spec stuff to maximise their margins not necessarily in your interests.

• This reply was modified 8 years, 3 months ago by  Scott No Mates.

A bit of a tall ask unless you have the property operating as a business ie. you need to be selling more than the house but also the business entity (this takes out all of the comparable house sales as it’s listed in the business sales with solid turnover, management, advertising, rent, maintenance, goodwill etc as part of the business.

If it is purely an air b&b or stayz proposition, then the barriers to entry are low and the house next door is 50% cheaper.

CGU Padlock also has provision for LL insurance, ask your broker.

If you already hold a 3 month bank guarantee or cash bond do you really require additional security?

In over 30 years association with commercial property ($x00,000,000 under management), I have seen very few instances where it may have been useful.

I have inquired but even my broker has not put forward any justification fot it. Money best kept in your pocket.

• This reply was modified 8 years, 3 months ago by  Scott No Mates.

@richard31 – there are multiple restrictions around setting up sydnicates (depending upon the number of members, you may need a product disclosure statement and very specific legal advice). You may need to speak to a ‘structuring’ solicitor like @terryw who may advise that you use a unit trust where you can sell a number of units to members.

• This reply was modified 8 years, 4 months ago by  Scott No Mates.

Difficulty of finance, higher turnover of tenants

@zen007 – if the trust isn’t in existence when you enter into the contract you may have to pay double stamp duty. @terryw

@nickyd – I’ll second @cjaysa‘s recommendation. Dave is both an investor and a BA. Heavily invested in the Adelaide & Sydney markets. Very personable guy.

Sales is a long slow road to success. You don’t just walk into listings – it takes years to build your network of contacts (it takes people years to decide to sell or minutes). Pay is basic wage, commission is on top but you must pay your employer back your wage in many cases- they don’t pay for your training etc for nothing.

Although your passion may not be there at present with being a sparky, there is definitely good money to be made once qualified.

@mcpatching – there’s always lots of hype for what Commonwealth Games or the Olympics bring to a city. How long did it take for the area around the last Brisbane games take to get off the ground?

Whereabouts is the bew games being held specifically?

Homebush precinct for commercial still hasn’t hit its straps 16 years on and it is well located on one of the most toxic bays in the world.

4% net on existing industrial is pretty crook (very high value compared to rents – is the land prime for redevelopment or rezoning?

Buying older industrial for redevelopment can be worthwhile but be wary of functionality of the space – modern warehousing requires high roof, container access etc to maximise utility. Eg SW Sydney rents are 10-20% lower for older buildings as the volume of space is smaller compared with new buildings.

• This reply was modified 8 years, 6 months ago by  Scott No Mates.

Generally no land tax threshold applies: http://www.osr.nsw.gov.au/taxes/land/factsheet/trusts