So that's darebin council yes?

For any queries in regard to the review please contact the Strategic Planning Unit on 03 8470 8465 or via email to: planning@darebin.vic.gov.au

id arrange a time to go in and speak to them because res code might vary a bit if its on a main road and they are looking for that type of development. Even speaking to a…[Read more]

Pretty hard to say what you could build. Tell us the street its on and which suburb and state and ill give you the link for the answers

I dunno about 100 houses, I would say I look at maybe 10ish if I already know the area and just want to double check this street is better or worse then others. If i was new to the suburb i would get your real estate agent to print you off a cppy of at least a years sale on rp data or the like. Go through and type the addresses in google have a…[Read more]

If you are purchasing in your own name with a money partner providing equity/cash and it is your incomes that are going to be looked at when getting the loan. Then they can do a top up on your loan.  A  good banker can do that anywhere between a day – week after the new valuation.. If you are purchasing through a trust  or other entity then your…[Read more]

granny flat would cost your closer to 60-80k then 10-20k
but if you imagine the rent on a 2 bed granny flat to be 200 bucks a week then your getting a gross return of 13% a year on your granny flat.

Can you just confirm what you plans for subdivision is. Ie size land your demolishing the existing house? Are you subdividing a house into two blocks (but in order to do that you need to demolish the house)  ? You won't be able to settle on a block until the house is demolished if that's the case. 

Taperoo south australia.. Ill be listing the properties just on the Internet with a agent.  A good agent is worth paying 5k if they can get your a contract before your fully approved and or during approval stage.  They are a bit better at making the potential buyers feel comfortable about the process. They Also would have the experience to know…[Read more]

With your profit are you selling 1 block of land or 2. Either way if your real estate agent fees are 5k for land. theres not a lot of leeway if your selling 1 block of land to make 25k (at your 20% quote) just my thoughts if your incorrect with your land value pricing

I have 2/3 properties on same allotment in SA and all are going up for sale before the development is approved. My surveyor and I are 100 percent confident that the subdivisions will go through, all within regulation size etc. As long as you have submitted to council the documents with your proposed lot 704 etc. Just Market a Land for sale with…[Read more]

cs_rlewis wrote:
Assuming that i would take out a personal loan, then these interest rates are usually about 10-13%, which is higher than my mortgage (About 5.4%).
The reason I would pre pay is to lower my taxable income because my property is negatively geared.

Can I claim the interest and loan fees as a tax deduction?

Lets make put this…[Read more]

unless your interest rate was the same or lower then your current interest rate i wouldn't recommend it. Unless your pre paying interest this year to lower your taxable income (assuming negatively geared and or depriciation available). You would have to go work out if that savings is still greater then borrowing at a higher interest rate then your…[Read more]

You can have the best of both worlds brendogs. Im gonna say its a pretty easy solution just develop property for positive cashflow. Buy a house, build a couple more houses to go with that house on the block, sell a couple keep 1, positive cashflow. Life shouldn't have to be hard.  But to get to that stage, you need some money!

Sorry to add further. They wanted a new dwelling built on the parcel of land that i was going to subdivide off after moving the existing house because i was also going to bring in a unwanted/relocatable house and place it on the new land which would of made the deal very profitable.

Agent " Are you taking photos of that room??!", You " Are you kidding i was sending a text msg to my mum".

A pen a paper should cover it though in those instances. quick sketch up of floor plan and notes on each room. Shouldn't take you more then the 5 minutes.

My 2 cents would be that  I wouldn't use your home equity to purchase a negatively geared property.  For one thing I see it as even risker then buying a neutrally geared or positively geared property. Lets say you lose your job and get fired. 
If you had a negatively geared property with a shortfall of 100-200 a week, well those mortgage payments…[Read more]

For something different. How about you sell your own home for 575k (assuming your 450k equity and 125k loan). Go rent somewhere for 300-500 a week and use the 440k ish (after sales costs) plus your savings and income of 130k per year to buy some neutral/positive cash flow properties. The reason why you would sell over redraw as a loc on your home…[Read more]

Perhaps you could create a syndication with advertising of "potential return of 70 million dollars, only $50,000 investment" get 10 members and now you have grand total of 1 percent to win.  I can see the people running to the phones now 

Well to maximize his chances of winning the big one freckle he should put $50,000 on the lottery and then he's just increased his chances of winning by 1000  

So you would like to do a development, yet you acknowledge that it requires more cash then your current available equity. But then you go talking about putting your deposit down and getting cashflow from the property.
How about asking yourself what do you really want? Do you want a lump sum cashprofit or do want to have cashflow.
You could put all…[Read more]

Just out of curiosity is your buy renovate and sell going to be  organized by a license builder, with you guys managing the project . Or are you going to be renovating the property yourself ? I would have some points on both answers.

A couple reasons I could think of why he suggested making it your PPOR but  it really comes back to your…[Read more]