Good to hear other member buying up cheap in GC.

I have other colleagues who bought well as well for example 30 -40% of prices the previous owner paid for, or even well below replacement cost.

I can't refer you to any. But if you find like minded people and each person needs to bring something to the table. Syndicates do exist but each syndicate works to the groups custom needs. There are pro and cons to joining a syndicate and it would be best to do you due diligence.

Hi Darryl, let me know how you go with the new application and if they do get approved. Some exciting changes in the near future.

Very interesting. Darryl when will the plan come into effect?

I personally use Feastudy 7.0 Professional software. Easy to use.

Hi Z,

Rather than just give your money to a company, spend time and educate yourself and start off with a small renovation or development. Ensure that or your due diligence has been done and check all aspects of zoning, development, finance and construction is being looked after.

I know in the past there has been syndicates who put in even…[Read more]

Interesting thread, if there is a down turn than I would be looking at buying up as much as I could afford.

In relation to zoning and what can be built or subdivided, Seek advice from a experience town planner.

Try MCG Quantity Surveyors
http://www.mcgqs.com.au/homepage.html

or

http://www.deppro.com.au/

Generally for townhouses, Have a look at custom builders in your area. See who's building or have projects under construction and make some enquries. The large spec home builders are cost effective at building from their designs.

Interesting thread, keep it up.

For what reasons does the Brisbane city council want to resume your land for?

I have a consultant who has extensive experience in land resumption. They maybe able to help you protect your investment, drop me a line or a call and I can pass on their details.

Might be a good idea to drive around the area and see which builders have projects under construction. Set up a meeting on site and check out their quality and previous completed projects.

I too purchased a property in GC. I wouldn't usually but with some of the large discounts, it was too good of a deal to pass up.

Speak to a builder in you local area, maybe give them some design plans to work off for your estimates.

I agree, books from the Jan Somer, Peter Spann and Michael Yardney are well worth the read.

Derek wrote:
Some other authors you may wish to explore include:

Jan Somers
Peter Spann
Michael Yardney
John Fitzgerald

I got something from each and everyone of them.

Others speak highly of Margaret Lomas books.

Try to offer $300k, you never know since its a flat market and a good time to buy. Find out why are they selling and create a win/win situation for both.

Very interesting thread. What is is in for the construction company? I assume that all the units in the current towers are owned by landlords.

I agree you will need to speak to an accountant on your intention and planned structure setup and GST payable. Depending on the location, sometimes is maybe worth making the dwelling freehold as this may increase the value. There are extra cost associated in relation to the civil services and the location of sewer or water services to the block.…[Read more]

If you can pick it up at a fair price than it good to buy property with a twist or add value. As you mention the property has development potential and could be worth more depending of the density allowable to be built.Just do your research for any possible restriction or issues that may come with the site.