Hi Emma,I've had property in Broken Hill now for almost 4 years.  With any market you have to separate fact from opinion.  I bought a property there originally as a tactic to offset a negatively geared Sydney unit.  My research showed values had moved up slightly, yields were well over 10% (at one stage I was actually on a 48% yield), Centro wa…[Read more]

Aahh! A subject close to my heart. We bought a PPOR in a very upmarket suburb but being one of Melbourne’s older suburbs from the 1920’s it has an excellent railway line right through it. 22 mins to the MCG in fact.

The house is opposite the railway line so no houses across the road, just the railway reserve, and luckily the railway line itself…[Read more]

Well how rude is that! They now want $59.95 to access the software – wonder if I caused a stampede.

When I registered there was a free guest login – sorry everyone, I thought it was a good free resource but maybe lots of people registered and now they are charging so forget it.

skippygirl

Lisa,

Have you tried Lewis O’Brien – he is in Balwyn, but he does vendor terms contracts for properties everywhere, it doesnt matter.

Details below.

Cheers
skippygirl

Lewis O’Brien

Commercial Lawyer

Ph (03) 8801 0111

Fax: (03) 9878 4906

I look at the cash-on-cash return (ie. the after tax income you will receive/the $ you had to put in) in order to see if it’s worth it as opposed to some other investment.

Cheers
skippygirl

Got mine too – thanks very much Martin.

skippygirl[bonjour]

Sorry – I’m an idiot. He’s over at somersoft.com forum.

skippygirl [blush2]

I think AlmostBob is in Nova Scotia you could try him.

If you are going to Nova Scotia I am interested in the investment market there too if you come across any usefule tips pls.

cheers
skippygirl

Thanks heaps Terry.

God info on the correct notices etc.
Don’t know about trying to apply for a hearing from i/state, though. Hope it doesn’t get to that.

Cheers
skippygirl

Fantastic Jaffasoft, thanks.

A couple of spelling errors e.g. expenses, usually.

skippygirl [blink]

Thanks Matt

I’m beginning to form an idea to investigate – that maybe we can buy the land from him on the layby basis (taking title but with separate loan agreement to pay $xx per week so he has an income) and lease the land out for something (maybe horse agistment) whilst we then see if we can subdivide the land and build enviornmentally…[Read more]

Yes we have to research what the land can be leased for. Good ide to fence off the sensitive areas first.
Thanks again all.

skippygirl

Thanks guys!!! I knew someone would have the creative answer.

Pud I’l check out the link.

Terry do you know what sort of loan product Pud is referring to i.e. an IO loan to someone in their 80’s with no income, secured against vacant land, no repayments (capitalising the interest I guess)?

When he passes away can the 10 nieces and nephews…[Read more]

Thanks so much Terry – I guess the best place to start would be Centrelink itself to learn the rules.

The problem is not the life tenancy in the house – that’s oK, and lucky for him in that he can live rent free.

The problem is the large block of (now valuable )land he owns, which he bought 60 years ago intending to become a hobby farmer but…[Read more]

OOh and I just LURV Harry, (sigh!).
I could watch him all day.

skippygirl

Thanks Benny I’ll see what the propertyvalue service comes up with.

Fernfurn I do have to check the covenants an dany heritage overalys, but on the face of it the house is an original 1940’s and supposedly once was AV Jennings’ home, so I am anticipating demolition etc will be out.

Melmac it is blue chip residential so backpackers etc wouldn’t…[Read more]

Wow! Nathan you are a brianiac.

The area is chockers with families and the local child care centres have waiting lists. It is a high income area and the local primary is full to capacity.

I will have to check the zoning – is a child care centre a permissible use under a residential zoning usually?

I gather they are valued by the number of…[Read more]

Thank you all for your comments and ideas.
Ben I think you read my mind – you are pretty close to what I was thinking.

Being Melbourne Cup week and being away interstate for work I haven’t been able to go see the agent and check 32’s etc. or find out the vendor’s situation. Once I see the zoning I can research what is permitted. All I know is…[Read more]

Richard,

Can I just ask for a little more step-bystep info about how you did this?

Sounds like you bought the block of 6 units on one title.
You said you converted to strata and then did you transfer 3 titles into the Trust and keep the 3 titles for othe ones you refurbed?
After the refurb did you have the refurbed 3 units revalued and pull out…[Read more]

Sorry, I meant for COCR I use the cash amount you tipped into the property when you bought it, and show the annual positive cash flow as a ratio or return on that..

Then you need to also look at the final back end profit made when he refinances and pays you out and your total return will be sizable.

skippygirl