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This one is in Healesville 3777 if that helps.
Thanks soloinvestor, would be in Melbourne. Sounds a little more expensive than tile roof but is a winner in the looks department.
This link is for the Victorian state revenue office,but contains links to all states and territories,should have the info you are after ccpat.
http://www.sro.vic.gov.au/sro/SROnav.nsf/alltitle/Useful%20Links?open
All of the above,but most importantly fresh air flowing through the house helps a lot. I got a deceased estate that hadn't been cleaned for at least 30 years,and was empty for 2 years before settlement day, windows and doors were opened non stop for over a month before people didn't complain when walking in,lots of cleaning and fresh air did the trick. Good luck in getting rid of your smells NHG.
That is excellent Nigel, stirling effort.
Cheap entry point,potential positive cashflow, isn't that reason enough to warrant some investigation? What ROI would an investor get putting their money into one of your developments Nigel?
Have been keeping an eye on Drouin and Warragul for a while now, growth has been coming along in leaps and bounds over the last few years. With all the development of areas like Bunyip,Garfield, Longwarry and Pakenham etc it would appear that this will continue in the long term.
Doesn't seem too bad a town,i visited there a few months ago. I would think it is more of a cheap entry and potential cash flow area than big capitals gains,though this could be created through some smart dealings there with some due diligence first. Some nice areas around the river with newer housing stock too.
Thanks guys,sounds a little bit more involved than residential,but still worth looking into i think. Paying stamp duty on gst,good old government with all fingers and toes in the pie as usual.
Excellent idea! I had wondered how all was so cheap,but being in non working order suits the display purpose perfectly,well done for thinking outside the box Amy
That's right freckle,but sometimes the agent will try not to pass on low offers for fear of losing face with the seller. Doesn't look good for them if they told the seller they could achieve X amount just to get the business then a savvy buyer comes in with an offer far below this.
Nigel, how much money does it take to be in your pool of investors,and what is the average projected profits of your developments? Thanks.
Under 300k i would be looking at what you can afford in Geelong, Corio and Norlane are slowly coming up,if you re in it for the long term and careful about buying there are some good deals about. Those last two do have a bad name which is gradually changing for the better,surrounded by Lovely Banks,Hamlyn Heights etc and close to Melbourne down the freeway one would think that the price couldn't stay so low for much longer. At a stretch you may get something worthwhile in Bendigo for your money if you are in the right place at the right time and prepared to add some value yourselves.
Well done,look forward to some pics,before and afters if possible!
There are other areas than Ballarat that could give you a better return,but it has had some capital growth. My cousin has 3 houses there that have doubled in the last few years in a lower income area. Some nice areas close in to the cbd or close to the uni. Wendouree West and Sebastopol,Redan etc are the lower areas,Alfredton and Ballarat central could achieve you some gains. Good luck in your search,don't just consider one town though search far and wide without emotion for something that fits in with your plan.
The structure will need a little more planning than that IMO. If you use IP3 as security for IP2 then they will be cross collateralized, which isn't an ideal situation. More creative with stand alone loans or a LOC etc would be better,but there are more clued up people than me that can answer.
I think the idea sounds great in theory,however in practice would not be so good. In your hypothetical example above, each investor has invested 30k. If for example rent was $350 per week,disregarding pm fees,they would get $35 a week,or $1820 p/a before tax. This is before all other costs,rates,insurance etc. The same 30k invested in a term deposit or similar would give $1800 p/a before tax. You would have to have a property that experienced excellent capital growth for it to be worth it in my opinion,and the CGT would have to be apportioned between all ten investors,sounds like a lot of paperwork.
So how did you go Dark Knight? Is the flat pack installed and your wife happy? What problems if any did you run into?
Indeed. Correct me if i am wrong but was it Winston Churchill who said a country that tries to tax itself into prosperity is like a man standing in a bucket trying to lift himself up with the handle? Firmly believe that is the case here. Can only hope something good happens before July 1st.
Hi callum, i saw the same thing happen in my suburb,and it has improved the surrounding property values. It is a quality development though, this will also have a bearing on what will happen in your area.
