Be very careful with Nathan Birch. Too much confidence with false statements. A clear example is this recent video of his of property development which has a number of false statements:
The address is 40 Sunrise Boulevard Surfers Paradise QLD. He states he can rent these properties easily at $400 per week whereas he is struggleing to rent them out at $350 per week. He will most likely rent them at around $300 per week.
That gives the return on property at the following at around 4.7%. You can get this rate of return anywhere better.
Rent $600 x 52 weeks = $31,200 divide by purchase price $622,000 plus renovation of $40,000.
Onwards he claims he has DA approved on the site. There is no DA approved desite holding it for already 18months and I doubt he will be able to get it approved for 16 units. Check the Gold Coast City Council on DA applications for this address. None have ever been submitted. It is too small a block with very few new builds on this island. Also why would he be trying to rent them out if he is about to get DA approval….
You could say it is a landbanking option but that is it and I’d say given the location he will be landbanking this before approval for about 25 years…There are many other examples of this. He makes money on the buying agency and fleecing off the niave buyers. Buyer beware.
Also check out this motel he bought in Wentworth Falls:
https://www.expedia.com.au/Blue-Mountains-Hotels-Rest-Easy-Motel.h21182564.Hotel-Information
and promoting here as a great buy:
https://www.dailytelegraph.com.au/realestate/nathan-birch-owns-200-properties-after-buying-18-at-the-start-of-this-year/news-story/686a64e695bf5a4f592ebe55e48c5d5c
What a shocker. Terrible reviews on tripadvisor and full of drug addicts. It is a total dump. I wouldn’t recommended trusting him as a buying agent. Caveat emptor and invest wisely.
TheEsteemedOne.
